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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): April 29, 1999
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SPEEDWAY MOTORSPORTS, INC.
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(Exact name of Registrant as Specified in Charter)
Delaware 1-13582 51-0363307
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
U.S. Highway 29 North, Concord, North Carolina 28026
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (704) 455-3239
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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 April 29, 1999, 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.
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(c) EXHIBITS.
Exhibit Number Description
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99.1 Press Release dated April 29, 1999.
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: April 29, 1999 By: /s/ William R. Brooks
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William R. Brooks
Vice President, Chief Financial
Officer, Treasurer and Director
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Exhibit 99.1
[Speedway Motorsports, Inc. Letterhead]
SPEEDWAY MOTORSPORTS ANNOUNCES
PROPOSED PRIVATE PLACEMENT
CONTACT: Marylaurel Wilks
(704) 445-3299
- -- For Immediate Release --
CONCORD, NC (April 29, 1999) -- Speedway Motorsports, Inc. (NYSE: TRK) announced
that it intends to offer approximately $75 million of Senior Subordinated Notes
due 2007. These notes are in addition to and identical to $125 million of
Speedway Motorsports' Senior Subordinated Notes due 2007 issued in August 1997.
The offering will be made by means of an offering memorandum to qualified
institutional buyers pursuant to Rule 144A promulgated under the Securities Act
of 1933 and is expected to close in mid-May. Speedway Motorsports will use the
net proceeds from the offering to pay a portion of its indebtedness outstanding
under its existing revolving credit facility. The securities to be offered in
the private placement will not be registered under the Securities Act of 1933 or
applicable state securities laws, and may not be offered or sold in the United
States absent registration under the Securities Act and applicable state
securities laws or applicable exemptions from registration requirements.
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