FTD CORP
8-A12G, 1996-08-28
BUSINESS SERVICES, NEC
Previous: TIME HORIZON FUNDS, 24F-2NT, 1996-08-28
Next: DATALOGIX INTERNATIONAL INC, 8-K, 1996-08-28




                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                  FORM 8-A

             FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                  PURSUANT TO SECTION 12(b) OR (g) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

                              FTD CORPORATION                         
           (Exact name of registrant as specified in its charter)

             Delaware                                  13-3711271     
     (State of incorporation                       (I.R.S. Employer
        or organization)                           Identification No.)

      29200 Northwestern Highway
         Southfield, Michigan                           48034  
        (Address of principal                         (Zip Code)
          executive offices)

     Securities to be registered pursuant to Section 12(b) of the Act:

                                     None                     

     Securities to be registered pursuant to Section 12(g) of the Act:

                    Class A Common Stock, $.01 Par Value     
                              (Title of Class)



          INFORMATION REQUIRED IN REGISTRATION STATEMENT

     ITEM 1.   DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED.

               Reference is made to the information contained under
     the heading "Description of Capital Stock" beginning on page 60
     of the Prospectus, dated July 5, 1995, filed by FTD Corporation
     with the Securities and Exchange Commission pursuant to Rule
     424(b)(4) of the Securities Act of 1933, as amended, on July 12,
     1995, which prospectus forms a part of the registration statement
     (File No. 33-91582) of FTD Corporation, and such description is
     incorporated herein by reference and made a part hereof.

     ITEM 2.   EXHIBITS.

                    I.   (a)  Restated Certificate of Incorporation of
                              FTD Corporation.  (Incorporated herein
                              by reference to Exhibit 3.1 of the
                              Registrant's Registration Statement on
                              Form S-1 (File No. 33-98250).)

                         (b)  Credit Agreement, dated as of
                              December 19, 1994, among the Registrant,
                              Florists' Transworld Delivery, Inc., the
                              various lending institutions party
                              thereto and Bankers Trust Company, as
                              Agent. (Incorporated by reference to
                              Exhibit 10.1 of the Florists' Transworld
                              Delivery, Inc. Registration Statement on
                              Form S-1 (File No. 33-88628).)

                         (c)  First Amendment to Credit Agreement,
                              dated as of August 30, 1995, among the
                              Registrant, Florists' Transworld
                              Delivery, Inc., the lending institutions
                              party to the Credit Agreement and
                              Bankers Trust Company, as Agent.
                              (Incorporated by reference to Exhibit
                              10.1(b) of the Florists' Transworld
                              Delivery, Inc. Annual Report on Form 10-
                              K for fiscal year ended June 30, 1995.)

                         (d)  Second Amendment to Credit Agreement,
                              dated as of June 11, 1996, among the
                              Registrant, Florists' Transworld
                              Delivery, Inc., the lending institutions
                              party to the Credit Agreement and
                              Bankers Trust Company, as Agent. 

                         (e)  Registration Rights Agreement, dated as
                              of December 19, 1994, among the
                              Registrant, Florists' Transworld
                              Delivery, Inc., BT Securities
                              Corporation and Montgomery Securities. 
                              (Incorporated by reference to Exhibit
                              10.11 of the Florists' Transworld
                              Delivery, Inc. Registration Statement on
                              Form S-1 (File No. 33-88628).)

                         (f)  Securityholders' and Registration Rights
                              Agreement, dated as of December 19,
                              1994, among the Registrant, certain
                              stockholders of the Registrant, BT
                              Securities Corporation and Montgomery
                              Securities.  (Incorporated by reference
                              to Exhibit 10.11 of the Registrant's
                              Registration Statement on Form S-1 (File
                              No. 33-91582).)

                         (g)  Stockholders' Agreement, dated as of
                              December 19, 1994, among the Registrant
                              and certain stockholders of the
                              Registrant.  (Incorporated by reference
                              to Exhibit 10.13 of the Registrant's
                              Registration Statement on Form S-1 (File
                              No. 33-91582).)

                         (h)  Form of Subscription Agreement among the
                              Registrant and certain stockholders of
                              the Registrant.  (Incorporated by
                              reference to Exhibit 4.3 of Post-
                              Effective Amendment No. 1 to the FTD
                              Corporation Registration Statement on
                              Form S-1 (File No. 33-91582).)

                    II.  Not applicable because the Class A Common
                         Stock is not registered on any exchange.


                                 SIGNATURE

               Pursuant to the requirements of Section 12 of the
     Securities Exchange Act of 1934, the registrant has duly caused
     this registration statement to be signed on its behalf by the
     undersigned, thereto duly authorized.

                                      By:  /s/ Scott D. Levin         
                                           Name:   Scott D. Levin
                                           Title:  Secretary

     Dated:  August 25, 1996


                               EXHIBIT INDEX

                                                            PAPER (P) OR
     EXHIBIT         DESCRIPTION                            ELECTRONIC (E)

      I.(d)          Second Amendment to Credit                    E
                     Agreement, dated as of June
                     11, 1996, among the Registrant,
                     Florists' Transworld Delivery,
                     Inc., the lending institutions 
                     party to the Credit Agreement 
                     and Bankers Trust Company, as 
                     Agent. 




                                                  EXHIBIT I.(D)

                     SECOND AMENDMENT TO CREDIT AGREEMENT

                    SECOND AMENDMENT (this "Amendment"), dated as
          of June 11, 1996, among FTD Corporation ("Holdings"),
          Florists' Transworld Delivery, Inc. (the "Borrower"), the
          lenders party to the Credit Agreement referred to below
          (the "Banks"), and Bankers Trust Company, as Agent (in
          such capacity, the "Agent").  Unless otherwise defined
          herein, capitalized terms used herein shall have the
          respective meanings provided such terms in the Credit
          Agreement referred to below.

                              W I T N E S S E T H :

                    WHEREAS, Holdings, the Borrower, the Banks and
          the Agent are parties to a Credit Agreement, dated as of
          December 19, 1994 (as amended, modified or supplemented
          through the date hereof, the "Credit Agreement"); and

                    WHEREAS, the parties hereto wish to further
          amend the Credit Agreement as herein provided;

                    NOW THEREFORE, it is agreed:

                    1.   Section 3.01(b) of the Credit Agreement is
          hereby deleted in its entirety and the following new
          Section 3.01(b) is inserted in lieu thereof:

                    "(b) The Borrower shall pay to the Agent for
               the account of the RL Banks pro rata on the basis
               of their  RL Percentages, a fee in respect of each
               Letter of Credit (the "Letter of Credit Fee"), (x)
               in the case of each Standby Letter of Credit,
               computed at a rate per annum equal to the
               Applicable Eurodollar Margin with respect to
               Revolving Loans on the daily Stated Amount of such
               Standby Letter of Credit and (y) in the case of
               each Trade Letter of Credit, computed at a rate
               per annum equal to 1% of the daily Stated Amount
               of such Trade Letter of Credit.  Accrued Letter of
               Credit Fees payable with respect to all Letters of
               Credit shall be due and payable quarterly in
               arrears on each Quarterly Payment Date and upon
               the first day after the termination of the Total
               Revolving Loan Commitment upon which no Letters of
               Credit remain outstanding."

                     2.   Section 4.02(A)(c) of the Credit
           Agreement is hereby amended by (i) deleting the
           reference to the date "June 30, 1996" appearing in the
           third proviso thereof and inserting the date "June 30,
           1997" in lieu thereof, (ii) deleting the reference to
           the date "September 30, 1996" appearing in the third
           and fourth provisos thereof and inserting the date
           September 30, 1997 in each place in lieu thereof and
           (iii) deleting the reference to the date "October 1,
           1996" appearing in the fourth proviso thereof and
           inserting the date "October 1, 1997" in lieu thereof.

                     3.   Section 8.10 of the Credit Agreement is
           hereby amended by deleting the reference to the amount
           "$22,250,000" set forth opposite the reference to the
           date "June 30, 1996" appearing in the table thereof and
           inserting the amount "$20,500,000" in lieu thereof.

                     4.   The definition of "Consolidated Net
           Worth" appearing in Section 10 of the Credit Agreement
           is hereby amended by inserting the following proviso at
           the end thereof:

                     "; provided that in calculating
                Consolidated Net Worth at any time, no effect
                shall be given to any reduction in Consolidated
                Net Worth in an amount not to exceed $10,000,000
                as a result of the incurrence of any
                Consolidation Costs."

                     5.   The definition of "Consolidation"
           appearing in Section 10 of the Credit Agreement is
           hereby deleted in its entirety, and the following new
           definition of "Consolidation" is inserted in lieu
           thereof:

                     "Consolidation" shall mean the consolidation
                     of the Borrower's operations currently
                     operated at the Specified Properties
                     including, but not limited to, the sale,
                     lease and/or relocation of either or both of
                     the Specified Properties in accordance with
                     the provisions of this Agreement.

                     6.   In order to induce the Banks to enter
           into this Amendment, each of Holdings and the Borrower
           hereby represents and warrants that (x) no Default or
           Event of Default exists on the Second Amendment
           Effective Date (as hereinafter defined), both before
           and after giving effect to this Amendment and (Y) all
           of the representations and warranties contained in the
           Credit Documents shall be true and correct in all
           material respects on the Second Amendment Effective
           Date, both before and after giving effect to this
           Amendment, with the same effect as though such
           representations and warranties had been made on and as
           of the Second Amendment Effective Date (it being
           understood that any representation or warranty made as
           of a specific date shall be true and correct in all
           material respects as of such specific date).

                     7.   This Amendment is limited as specified
           and shall not constitute a modification, acceptance or
           waiver of any other provision of the Credit Agreement
           or any other Credit Document.

                     8.   This Amendment may be executed in any
           number of counterparts and by the different parties
           hereto on separate counterparts, each of which
           counterparts when executed and delivered shall be an
           original, but all of which shall together constitute
           one and the same instrument.  A complete set of
           counterparts shall be lodged with the Borrower and the
           Agent.

                     9.   This Agreement and the rights and
           obligations of the parties hereunder shall be construed
           in accordance with and governed by the law of the State
           of New York.

                     10.  This Amendment shall become effective on
           the date (the "Second Amendment Effective Date") when
           each of Holdings, the Borrower and the Required Banks
           shall have signed a counterpart hereof (whether the
           same or different counterparts) and shall have
           delivered (including by way of telecopier) the same to
           the Agent at its Notice Office, provided that the
           amendment to the Credit Agreement effected by Section 1
           of this Amendment shall not become effective unless
           each of the RL Banks also shall have signed a
           counterpart hereof and delivered (including by way of
           telecopier) the same to the Agent at its Notice Office.

                     11.  From and after the Second Amendment
           Effective Date, all references in the Credit Agreement
           and each of the other Credit Documents to the Credit
           Agreement shall be deemed to be references to the
           Credit Agreement after giving effect to this Amendment.


                     IN WITNESS WHEREOF, each of the parties
           hereto has caused a counterpart of this Amendment to be
           duly executed and delivered as of the date first above
           written.

                                           FTD CORPORATION

                                           By /s/ Scott D. Levin    
                                             Title: Secretary

                                           FLORISTS' TRANSWORLD
                                           DELIVERY, INC.

                                           By /s/ P. A. Luck 
                                             Title: Vice President and
                                                    Chief Financial Officer

                                           BANKERS TRUST COMPANY,
                                           Individually and as Agent 

                                           By /s/ Christopher Kinslow 
                                             Title: Vice President

                                           MICHIGAN NATIONAL BANK

                                           By /s/ Thomas R. Kuslits   
                                             Title: Vice President

                                           NBD BANK

                                           By                        
                                             Title:

                                           COMERICA BANK

                                           By                        
                                             Title:


                                           HARRIS TRUST AND
                                           SAVINGS BANK

                                           By /s/ Peter J. Dancy     
                                             Title: Vice President

                                           THE FIRST NATIONAL BANK
                                           OF CHICAGO

                                           By                       
                                             Title:

                                           CAISSE NATIONALE DE
                                           CREDIT AGRICOLE

                                           By /s/ A. Butzbach       
                                             Title:




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission