Rule 424(b)(3)
File No. 33-59612
PROSPECTUS SUPPLEMENT NO. 1 DATED JULY 14, 1997
TO PROSPECTUS DATED JUNE 27, 1997
PATHMARK STORES, INC.
9-5/8% SENIOR SUBORDINATED NOTES DUE 2003
11-5/8% SUBORDINATED NOTES DUE 2002
12-5/8% SUBORDINATED DEBENTURES DUE 2002
JUNIOR SUBORDINATED DEFERRED COUPON NOTES DUE 2003
This Prospectus Supplement is intended to be
read in conjunction with the Prospectus
dated June 27, 1997
Attached hereto is the Company's Current Report on Form 8-K, dated July 9, 1997,
which includes, among other things, a copy of a press release of the Company
concerning the completion of a refinancing.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED
BY THE SECURITIES AND EXCHANGE COMMISSION OR
ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON
THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION
TO THE CONTRARY IS A
CRIMINAL OFFENSE.
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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): July 9, 1997
PATHMARK STORES, INC.
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(Exact name of registrant as specified in charter)
Delaware 1-5287 22-2879612
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation Identification No.)
301 Blair Road, P.O. Box 5301, Woodbridge, New Jersey 07095-0915
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (732) 499-3000
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Item 5. Other Events
News release of Pathmark Stores, Inc. (the "Company"), dated July 9,
1997, announcing Pathmark's completion of a $500 million refinancing, filed as
Exhibit 28 to this Report, is incorporated by reference herein.
Additionally, to the extent permitted by its new credit agreement, the
Company may, from time to time, repurchase a portion of its 11.625% Subordinated
Notes due 2002 and 12.625% Subordinated Debentures due 2002, in such amounts and
for such consideration as the Company shall determine, in light of prevailing
market conditions.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
EXHIBITS
Designation Description Method of Filing
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Exhibit 28 News release of Pathmark, Filed with this report.
dated July 9, 1997, announcing
Pathmark's completion of its
$500 million refinancing.
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 hereto duly authorized on the date indicated.
PATHMARK STORES, INC.
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(Registrant)
Date: July 10, 1997 By: /s/Marc A. Strassler
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Marc A. Strassler
Vice President and Secretary
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EXHIBIT INDEX
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Designation Description Page
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Exhibit 28 News release of the Company, 4
dated July 9, 1997 announcing
the completion of its $500
million refinancing.
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EXHIBIT 28
PATHMARK STORES, INC.
301 Blair Road, P.O. Box 5301, Woodbridge, New Jersey 07095-0915
FOR IMMEDIATE RELEASE CONTACT: Ron Marshall
(732) 499-3535
PATHMARK COMPLETES $500 MILLION REFINANCING
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Woodbridge, New Jersey, July 9, 1997. Pathmark Stores, Inc. announced today that
it has closed on a new $500 million bank credit agreement with a group of
lenders led by The Chase Manhattan Bank which will act as Administrative Agent.
The new credit agreement, which includes a new $300 million term loan and a new
$200 million working capital facility, replaces Pathmark's existing credit
agreement which was repaid in full with borrowings under the new agreement. The
initial tenor of the new credit agreement is 4.5 years.
Pathmark Stores, Inc. is a regional supermarket company currently operating 139
supermarkets primarily in the New York-New Jersey and Philadelphia metropolitan
areas.
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