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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
October 6, 1997
FAMILY GOLF CENTERS, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-25098 11-3223246
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
225 Broadhollow Road
Melville, New York 11747
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(Address of principal executive offices)
Registrant's Telephone Number, including
area code: (516) 694-1666
Not Applicable
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(Former Address, if changed since last report)
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Item 5. Other Events.
On October 6, 1997 Family Golf Centers, Inc. (the "Company") entered
into an agreement to sell, for $15.5 million in cash, six of the seven
stand-alone bowling centers it acquired in connection with the acquisition of
Leisure Complexes Inc. in July 1997. The transaction is subject to a number of
conditions and there is no assurance it will be consummated.
If the sale is consummated, the Company intends to use the proceeds
to pay down a portion of its debt with Chase Manhattan Bank.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Financial Statements of Businesses Acquired:
Not applicable.
(b) Pro Forma Financial Information:
Not applicable.
(c) Exhibits: None.
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SIGNATURES
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.
October 7, 1997.
FAMILY GOLF CENTERS, INC.
By: /s/ Dominic Chang
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Dominic Chang,
President and Chief Executive Officer
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