UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 22, 1996
SOUTHEASTERN PUBLIC SERVICE COMPANY
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(Exact name of registrant as specified in its charter)
DELAWARE 1-4351 13-5534018
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(State or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation of
organization)
5100 North Federal Highway
Fort Lauderdale, Florida 33308
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code:(954) 938-0070
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(Former name or former address, if
changed since last report)
<PAGE>
Item 5. Other Events.
On February 22, 1996, the Registrant and Triarc Companies, Inc., the
parent of the Registrant, announced that the Registrant has completed the
redemption of all of its outstanding 11-7/8% Senior Subordinated Debentures
due February 1, 1998. The Registrant intends to file a Form 15 with the
Securities and Exchange Commission and to cease filing reports under the
Securities and Exchange Act of 1934, as amended, in the near future.
A copy of the press release is being filed herewith as an exhibit
hereto and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
99.1 Press release dated February 22, 1996.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SOUTHEASTERN PUBLIC SERVICE COMPANY
Date: February 22, 1996 By: Joseph A. Levato
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Joseph A. Levato
Executive Vice President and
Chief Financial Officer
<PAGE>
Exhibit Index
Exhibit
No. Description Page No.
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99.1 Press release dated February 22, 1996
<PAGE>
Exhibit 99.1
PRESS RELEASE
CONTACT: Martin M. Shea FOR IMMEDIATE RELEASE
Triarc Companies, Inc.
212/230-3030
TRIARC SUBSIDIARY HAS REDEEMED BONDS
NEW YORK, NY -- February 22, 1996 -- Triarc Companies, Inc. (NYSE:
TRY) and its subsidiary Southeastern Public Service Company (SEPSCO),
today announced that SEPSCO has completed the redemption of all of its
outstanding 11-7/8% Senior Subordinated Debentures due February 1, 1998.
There were outstanding $36 million principal amount of Debentures. As
previously announced, funding for the redemption was provided, in part,
from proceeds of a $36 million borrowing by National Propane Corporation, a
subsidiary of Triarc, under its existing bank facility, with the balance
being funded directly by SEPSCO. SEPSCO also intends to cease being a
reporting company under the Securities and Exchange Act of 1934, as
amended, as soon as SEPSCO completes certain required filings with the
Securities and Exchange Commission.
Through its four core businesses, restaurants (Arby's, Inc.),
beverages (Royal Crown Company, Inc. and Mistic Brands, Inc.), textiles
(Graniteville Company) and liquefied petroleum gas (National Propane
Corporation), Triarc Companies, Inc. currently has annual revenues of more
than $1 billion.
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