<PAGE>
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (date of earliest event reported) August 13, 1997
-------------------------------
ValuJet, Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Nevada 0-26914 58-2189551
- --------------------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1800 Phoenix Boulevard, Suite 126, Atlanta, Georgia 30349
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 907-2580
-----------------------------
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
- --------------------------------------------------------------------------------
<PAGE>
ITEM 5. OTHER EVENTS
On August 13, 1997, the Company closed a private offering of $80,000,000
principal amount of 10-1/2% Senior Secured Notes due 2001. The proceeds of
the offering will be used to repay certain secured debt of ValuJet
Airlines, Inc., to finance the purchase of hush kits for the Company's
aircraft and to pay certain fees and expenses in connection with the
financing.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed as a part of this report.
20 - Press Release dated August 15, 1997.
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.
VALUJET, INC.
August 15, 1997 By: /s/ Stephen C. Nevin
--------------------------------------
Stephen C. Nevin,
Senior Vice President - Finance
August 15, 1997 By: /s/ Michael D. Acks
--------------------------------------
Michael D. Acks,
Vice President and Controller
<PAGE>
(LOGO OF VALUJET, INC. APPEARS HERE)
ValuJet Airlines, Inc. Announces Completion of $80 Million Debt Offering
ATLANTA, Aug. 15 /PRNewswire/ -- ValuJet Airlines, Inc. announced today its
completion of a private placement to institutional investors of $80 million in
aggregate principal amount of 10-1/2 percent Senior Secured Notes due 2001 (the
"Notes"). The net proceeds of the offering will be used to refinance certain
secured debt of the company and to finance the purchase of hushkits.
"This new financing provides ValuJet with considerable financial
flexibility," said ValuJet Airlines Chief Financial Officer Steve Nevin. "The
company will no longer be subject to any financial maintenance covenant tests
and approximately $50 million of principal payments that would have been due
between now and April 2001 under our previous bank financing has now been
deferred."
The Notes were placed in a private offering pursuant to Section 4 (2) and
Rule 144A under the Securities Act of 1933. As such, the notes have not been
registered under the Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements. The company is obligated
to make a registered offer to the holders of the privately placed Notes to
exchange those Notes for substantially identical, registered notes.
Atlanta-based ValuJet Airlines, Inc., a wholly owned subsidiary of ValuJet,
Inc. (Nasdaq: VJET), makes air travel more affordable for more people by
offering the traveling public everyday low fares. The airline operates 200
system-wide peak daily departures to 24 cities.
SOURCE ValuJet Airlines, Inc.
August 15, 1997
