SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): June 27, 1997
SPEEDWAY MOTORSPORTS, INC.
(Exact name of Registrant as Specified in Charter)
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Delaware 1-13582 51-0363307
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
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U.S. Highway 29 North, Concord, North Carolina 28026
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (704) 455-3239
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 27, 1997, Speedway Motorsports, Inc. (the "Company") issued a
press release that is attached to this report on Form 8-K as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit Number Description
99.1 Press Release dated June 27, 1997.
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.
SPEEDWAY MOTORSPORTS, INC.
Date: June 30, 1997 By: /s/ William R. Brooks
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William R. Brooks
Vice President, Chief Financial
0fficer, Treasurer and Director
1
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Speedway Motorsports, Inc. Letterhead
SPEEDWAY MOTORSPORTS ANNOUNCES
PROPOSED PRIVATE PLACEMENT
CONTACT: Lauri Wilks
(704) 455-3239
--For Immediate Release
CONCORD, NC (June 27, 1997) -- Speedway Motorsports, Inc. (NYSE:TRK) intends to
raise approximately $125 million pursuant to a private placement of senior
subordinated notes, subject to market and other conditions. Speedway Motorsports
will use the net proceeds to pay any indebtedness outstanding under its existing
bank credit facility. Amounts used to pay such indebtedness may be reborrowed
for general corporate purposes. The securities 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.
Stamp stating TRK Listed NYSE at bottom of page
