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
JULY 10, 1997
Date of Report (Date of earliest event reported)
STANDARD COMMERCIAL CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
1-9875 13-1337610
(COMMISSION FILE NO.) (I.R.S. EMPLOYER IDENTIFICATION NO.)
2201 MILLER ROAD, WILSON, NORTH CAROLINA 27893
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(919) 291-5507
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
<PAGE>
ITEM 5. OTHER EVENTS
On July 10, 1997, the Registrant issued the following press release
pursuant to Rule 135C promulgated under the Securities Act of 1933, as
amended:
"STANDARD COMMERCIAL REFINANCING
WILSON, NC--Standard Commercial Corporation (STW-NYSE), through its wholly-owned
subsidiary, Standard Commercial Tobacco Co., Inc., intends to raise
approximately $100 million through a Rule 144A private placement of senior
notes, subject to market and other conditions. The net proceeds will be used to
repay indebtedness outstanding under existing bank credit facilities and certain
long-term debt. The senior notes to be offered in the private placement will not
be registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold absent registration under the
Securities Act and applicable state securities laws or applicable exemptions
from registration requirements."
<PAGE>
SIGNATURE
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.
STANDARD COMMERCIAL CORPORATION
By: /s/ Robert E. Harrison
Robert E. Harrison
President
Date: July 10, 1997
