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): January 15, 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 January 15, 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
January 15, 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: January 15, 1997
RENAISSANCE COSMETICS, INC.
By: /s/ Thomas T. S. Kaung
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Name: Thomas T. S. Kaung
Title: Group Vice-President
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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
January 15, 1997.
Exhibit 99.1
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FOR IMMEDIATE RELEASE Renaissance Cosmetics, Inc
955 Massachusetts Avenue
Cambridge, MA 02139
Contact Person: Tom Kaung
(212) 521-5914
PRESS RELEASE
RENAISSANCE ANNOUNCES OFFERING
OF $200 MILLION OF SENIOR NOTES DUE 2004
IN PRIVATE PLACEMENT
Cambridge, Massachusetts, January 15, 1997 - Renaissance Cosmetics,
Inc. (Renaissance) announced today that it proposes to offer $200 million
aggregate principal amount of Senior Notes Due 2004. The notes will be general
unsecured obligations of the Company, will be issued in a private placement
under Rule 144A of the Securities and Exchange Commission and will be entitled
to certain registration rights. The Company anticipates that the offering will
close on or about January 31, 1997. The net proceeds of the offering, estimated
to be approximately $191.9 million, together with a portion of the Company's
available cash, will be used to pay all outstanding indebtedness (estimated to
be approximately $118 million) under the Company's existing credit facility, to
fund its previously-announced tender offer to purchase all of the outstanding
$65 million principal amount of its 13.75% Senior Notes due 2001 and to
establish an escrow account of approximately $15.5 million to secure certain
payments on the new notes.
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 are sold in 45 foreign countries. The
Renaissance family of fragrance brands presently includes several classic brands
such as "Chantilly," "Tabu," "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 nail care products and related accessories 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 nor shall it constitute an offer
to buy or the solicitation of an offer to sell any securities. The offering
will not be registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements under such Act.
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