UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 10, 1997
RENAISSANCE COSMETICS, INC.
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(Exact name of registrant as specified in its charter)
State of Delaware 33-87280 06-1396287
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
955 Massachusetts Ave., Cambridge, Massachusetts 02139
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (617) 497-5584
Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On Februaray 10, 1997, the Registrant issued the press release
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7. Exhibits
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Exhibit Number
(Referenced to Item 601
of Regulation S-K) Description of Exhibit
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99.1 Registrant's Press Release, dated as of
February 10, 1997.
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Signatures
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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, thereunto duly authorized.
Date: February 13, 1997
RENAISSANCE COSMETICS, INC.
By: /s/ Thomas T.S. Kaung
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Thomas T.S. Kaung
Group Vice-President, Finance
and Chief Financial Officer
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EXHIBIT INDEX
Pursuant to Item 601 of Regulation S-K
Exhibit No. Description of Exhibit
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99.1 Registrant's Press Release, dated as of
February 10, 1997.
5
EXHIBIT 99.1
For immediate release
Renaissance Cosmetics, Inc.
955 Massachusetts Avenue
Cambridge, MA 02139
Tel: (617) 497-5584
PRESS RELEASE
RENAISSANCE ANNOUNCES
COMPLETION OF NOTE OFFERING
CAMBRIDGE, MA - February 10, 1997 - Renaissance Cosmetics, Inc.
announced today that it had completed the sale of $200 million aggregate
principal amount of its 11 3/4% Senior Notes due 2004. The proceeds from these
new securities, together with a portion of the Company's available cash, were
used to purchase all of the outstanding $65 million aggregate principal amount
of the Company's 13 3/4% Senior Notes Due 2001, Series B, at a purchase price of
116.50%, to repay all outstanding indebtedness under the Company's existing
senior secured credit agreement, and to fund an escrow account of approximately
$17.5 million, which will be used to pay a portion of the interest expense on
the 11 3/4% Senior Notes for two years.
Interest on the 11 3/4% Senior Notes is payable at the rate of 11
3/4% per year in cash. The 11 3/4% Senior Notes may be redeemed at the option of
the Company on or after February 15, 2002, initially at 103.358% of the
principal amount, declining to 101.679% of the principal amount on or after
February 15, 2003, in each case plus accrued and unpaid interest thereon. The
Notes mature on February 15, 2004.
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Renaissance manufactures, markets and distributes fragrances,
cosmetics and related products which it sells through the domestic and
international mass-market or self-select distribution channels. Renaissance
brands are sold to over 1,000 retailers with approximately 25,000 locations
throughout the United States and in 45 foreign countries. The Renaissance family
of fragrance brands includes several classic brands such as "CHANTILLY," "TABU,"
"AMBUSH," "CANOE," "ENGLISH LEATHER" and "BRITISH STERLING" and other
established brands such as "NAVY" and "NAVY FOR MEN." Through its Cosmar
subsidiary, Renaissance is the largest manufacturer and marketer of artificial
fingernails and related nail care products in the United States, and its brands
include "LAJOIE" and "PRO10."
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities. These securities offered in the
offering have not been registered under the Securities Act of 1933 or under
state securities laws, and may not be offered or sold in the United States
absent registration or qualification or an applicable exemption from
registration or qualification requirements.
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