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): December 29, 1993
Commission file number 1-7244
BALLY MANUFACTURING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-2512405
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8700 West Bryn Mawr Avenue, Chicago, Illinois 60631
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 399-1300
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Exhibit Index on Page 2
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BALLY MANUFACTURING CORPORATION
FORM 8-K
Current Report
Item 5. Other Events.
Bally's Park Place, Inc. (a Delaware corporation), an indirect
wholly owned subsidiary of Bally Manufacturing Corporation, which owns and
operates the Bally's Park Place Casino Hotel in Atlantic City, New Jersey
intends to offer to the public First Mortgage Notes due 2004 (the "Notes").
The Notes will be issued by a wholly owned subsidiary of Bally's Park Place,
Inc. ("Bally's Park Place") and unconditionally guaranteed by Bally's Park
Place. The Notes will be secured by certain collateral, including the Bally's
Park Place Casino Hotel. Bally's Park Place intends to use most of the
proceeds from the offering to refinance its existing public debt and the
remaining proceeds will be used to declare and pay a dividend to Bally's
Casino Holdings, Inc., the parent of Bally's Park Place, and to pay the costs
of the offering. Merrill Lynch & Co. and Jefferies & Company, Inc. are the
underwriters with respect to the offering of the Notes. Copies of a written
prospectus relating to the offering may be obtained from either Merrill Lynch
& Co. at One World Financial Center, 250 Vesey Street, North Tower, New York,
New York 10281-1201, or Jefferies & Company, Inc. at 11100 Santa Monica
Boulevard, Los Angeles, California 90025.
A registration statement relating to the Notes has been filed with
the Securities and Exchange Commission but has not yet become effective. The
Notes may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of
the Notes in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.
In addition, on January 14, 1994, Bally's Grand, Inc., a
corporation in which Bally Manufacturing Corporation owns a controlling
interest, issued the press release attached hereto as Exhibit 99.1, which
press release is incorporated herein by reference.
Also, on January 18, 1994, the Registrant issued the press release
attached hereto as Exhibit 99.2, which press release is incorporated herein
by reference.
Item 7. Financial Statements and Exhibits
c. Exhibits.
99.1 News Release of Registrant dated January 14, 1994
99.2 News Release of Registrant dated January 18, 1994
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.
BALLY MANUFACTURING CORPORATION
-------------------------------
Registrant
/s/ John W. Dwyer
Date: January 19, 1994 ---------------------------------------
Vice President and Corporate Controller
(Chief Accounting Officer)
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EXHIBIT 99.1
FROM: BALLY'S GRAND, INC.
BALLY'S LAS VEGAS CASINO RESORT
3645 Las Vegas Boulevard South
Las Vegas, NV 89109-4307
MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 342-9500
Contact: Laurie Terry / Michael W. Kempner
____________________________________________________________________
BALLY'S GRAND, INC. SUCCESSFULLY COMPLETES DEBT REFINANCING
Las Vegas, NV, January 14, 1994 -- Bally's Grand, Inc., the
owner and operator of the casino resort known as "Bally's Las Vegas"
announced that on January 12, 1994, it successfully completed the
redemption of the entire $252.5 million principal amount of its 12%
First Mortgage Notes due 2001. This redemption was financed using a
portion of the proceeds from Bally's Grand's issuance of $315.0
million principal amount of its 10-3/8% First Mortgage Notes due
2003.
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EXHIBIT 99.2
FROM: BALLY MANUFACTURING CORPORATION
8700 West Bryn Mawr Avenue
Chicago, IL 60631
MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 342-9500
Contact: Laurie Terry / Michael W. Kempner
____________________________________________________________________
BALLY MANUFACTURING CORPORATION ANNOUNCES STRONG RESULTS FROM 1ST 30
DAYS OF NEW TUNICA, MISSISSIPPI CASINO OPERATIONS
Chicago, IL, January 18, 1994 -- Arthur M. Goldberg, Chairman,
President and Chief Executive Officer of Bally Manufacturing
Corporation (NYSE:BLY), announced today that the first 30 days of
operations of Bally's Saloon & Gambling Hall in Tunica, Mississippi,
located 35 miles south of Memphis, were "much stronger than our
expectations".
Mr. Goldberg stated, "We are extremely pleased with the
results of our first 30 days of operations as we consistently
achieved or exceeded our aggressive attendance, revenue and margin
goals. We expect to see the property's cash flow continue to
steadily improve as our marketing program reaches a wider audience."
Mr. Goldberg continued, "Our win numbers exceeded our
seasonally adjusted plan by approximately 15 percent. These initial
results combined with the margins we think we can achieve at this
facility, make us very enthusiastic about our prospects. Our
estimates of cash flows from operations indicate that we have
already returned approximately nine percent of our projected
investment in the first 30 days of operations."
Mr. Goldberg added, "Through our recent discussions with the
developers of the Mhoon's Landing site, we have learned that their
plans for adding hotel rooms and additional non-casino entertainment
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at the site are now moving ahead. We believe these additions will
add to the excitement at our location at Mhoon's Landing, attracting
even greater numbers of customers to the area."
Bally's Saloon & Gambling Hall is owned by Bally's Casino
Holdings, Inc., a wholly owned subsidiary of Bally Manufacturing
Corporation.
Bally's also owns and operates three world-class casino hotel
and resorts in Atlantic City and Las Vegas.
Bally Manufacturing Corporation is one of the world's foremost
operators of casino hotel resorts and fitness centers.
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