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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):
February 17, 1998
CENTRAL PARKING CORPORATION
(Exact name of registrant as specified in its charter)
Tennessee 001-13950 62-1052916
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation)
2401 21st Avenue South, Suite 200, Nashville, Tennessee 37212
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(Address of principal executive offices)
(615) 297-4255
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(Registrant's telephone number, including area code)
Not applicable
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Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS.
For the purpose of informing the market, the Registrant announces the
private placement of $100 Million aggregate principal amount of Convertible
Preferred Securities. A press release dated February 17, 1998 relating to this
transaction is attached to this Report.
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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 thereunto duly authorized.
CENTRAL PARKING CORPORATION
By: /s/ Steve Tisdell
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Steve Tisdell
Chief Financial Officer
Date: February 20, 1997
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EXHIBIT INDEX
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Exhibit No. Page
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99.1 Press Release dated February 17, 1998 5
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EXHIBIT 99.1
[LOGO CENTRAL PARKING CORPORATION] NEWS
2401 21st Avenue South, Suite 200, Nashville, TN 37212 (615) 297-4255
Fax: (615) 297-6240
FOR IMMEDIATE RELEASE Contact: Steve Tisdell
Chief Financial Officer
(615) 297-4255
CENTRAL PARKING CORPORATION PLANS PRIVATE PLACEMENT
OF $100 MILLION CONVERTIBLE PREFERRED SECURITIES
NASHVILLE, Tenn. (Feb. 17, 1998) - Central Parking Corporation (NYSE:PK) today
announced that it plans to offer up to $100 million aggregate principal amount
of convertible preferred securities in a private placement under Rule 144A of
the Securities Act of 1933 to qualified institutional buyers. The Company may
issue an additional $10 million of such securities to cover any
over-allotments. The Company plans to use the net proceeds from the offering
to repay indebtedness.
The convertible preferred securities will not be registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein.
Central Parking Corporation, headquartered in Nashville, Tennessee, is a
leading provider of parking services in the United States. The Company
operates approximately 2,237 parking facilities containing more than 925,000
spaces at locations in 34 states, the District of Columbia, Canada, Puerto
Rico, the United Kingdom, Mexico, Germany, Malaysia, Chile and Spain. The
Company has a business development office in Amsterdam.
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