-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G47x0S5D9O/veaqaRZGLNO8VAjfaXFwraU0KYxv0kx6XC6qQ6b07rE8vuh2CjCc3 RixqJwKDh+8SkDM+49JJEA== 0000950172-01-500425.txt : 20010626 0000950172-01-500425.hdr.sgml : 20010626 ACCESSION NUMBER: 0000950172-01-500425 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010625 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAYOVAC CORP CENTRAL INDEX KEY: 0001028985 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 222423556 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13615 FILM NUMBER: 1666973 BUSINESS ADDRESS: STREET 1: 601 RAYOVAC DR CITY: MADISON STATE: WI ZIP: 53711-2497 BUSINESS PHONE: 6082753340 MAIL ADDRESS: STREET 1: 601 RAYOVAC DRIVE CITY: MADISON STATE: WI ZIP: 53711-2497 8-K 1 s210297.txt 8-K 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): June 25, 2001 Rayovac Corporation - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Wisconsin 001-13615 22-2423556 - ------------------------------------------------------------------------------- (State or other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 601 Rayovac Drive Madison, WI 53711 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (608) 275-3340 - ------------------------------------------------------------------------------- Registrant's telephone number including area code Not Applicable - ------------------------------------------------------------------------------- Former Name or Former Address, if Changed Since Last Report Item 5. Other Events. On June 25, 2001, Rayovac Corporation (the "Company") issued a press release announcing the pricing terms for the tender offer for all of its outstanding $65 million principal amount of 10 1/4% Series B Senior Subordinated Notes due 2006. A copy of the press release issued by the Company dated June 25, 2001 is attached as Exhibit 99.1 hereto and incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. 99.1 Press Release dated June 25, 2001 issued by the Company. 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 thereto duly authorized. RAYOVAC CORPORATION Date: June 25, 2001 By: /s/ Randall J. Steward ---------------------------------- Name: Randall J. Steward Title: Executive Vice President of Administration and Chief Financial Officer EXHIBIT INDEX Exhibit Description 99.1 Press Release dated June 25, 2001 issued by the Company. EX-99 2 s209375.txt EXHIBIT 99.1 - PRESS RELEASE RAYOVAC CORPORATION ANNOUNCES PRICING OF THE TENDER OFFER FOR ITS OUTSTANDING SENIOR SUBORDINATED NOTES Madison, WI, June 25, 2001 /PRNewswire/ -- Rayovac Corporation ("Rayovac") announced today the pricing terms for the tender offer for all of its outstanding $65 million principal amount of 10 1/4% Series B Senior Subordinated Notes due 2006 (the "Notes"). The reference U.S. Treasury Bond is the U.S. Treasury 6-1/4% Bond due October 31, 2001; the yield on the reference U.S. Treasury Bond and the tender offer yield are 3.557% and 4.057%, respectively; and the total consideration per $1,000 principal amount for holders who tendered prior to the consent payment deadline of 5:00 p.m. New York time on June 13, 2001 is $1,071.20, of which $30.00 is a consent payment and $1,041.20 is a tender payment. Holders tendering after the consent payment deadline but prior to the expiration date will receive the tender payment. In addition, tendering holders of the Notes will receive accrued interest through the settlement date. The tender offer will expire at 11:59 p.m., New York City time, on June 27, 2001 (the "Expiration Date"). Rayovac anticipates depositing sufficient funds with the depositary for payment of the Notes on or about June 28, 2001. In connection with the offer, Rayovac sought and received consents to eliminate or modify substantially all of the covenants and certain events of default in the indenture relating to the Notes. The supplemental indenture incorporating the amendments has been executed and the amendments will become operative when the tendered notes are accepted for payment. Information regarding the pricing, tender and delivery procedures and conditions of the tender offer and consent solicitation is contained in the Offer to Purchase and Consent Solicitation Statement dated May 31, 2001 and related documents. Copies of these documents can be obtained by contacting D.F. King & Co., Inc., the information agent for the tender offer and consent solicitation, at (800) 848-3409 (toll free) or (212) 269-5550 (collect). Banc of America Securities LLC is the exclusive dealer manager for the tender offer and consent solicitation. Additional information concerning the terms and conditions of the tender offer and consent solicitation may be obtained by contacting Banc of America Securities LLC at 888-292-0070 (toll free) or 704-388-1457 (collect). Rayovac is one of the world's leading battery and lighting device companies and the fastest growing manufacturers of general batteries in the United States. The Company also markets the number one rechargeable brand of battery and is the world leader in hearing aid batteries. Rayovac is traded on the New York Stock Exchange under the ROV symbol. This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to the Notes. The offer and consent solicitation are made solely by the Offer to Purchase and Consent Solicitation Statement, as the same may be amended from time to time. Certain matters discussed in this news release, with the exception of historical matters, are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. These statements are subject to a number of risks, uncertainties and other factors that could cause results to differ materially from those anticipated as of the date of this release. Actual results may differ materially from these statements as a result of (1) changes in external competitive market factors, such as introduction of new product features or technological developments, development of new competitors or competitive brands or competitive promotional activity or spending, (2) unanticipated changes in consumer demand for the various types of consumer batteries, (3) unanticipated changes in the general economic conditions where we do business, such as stock market prices, interest rates, inflation and raw material costs, and (4) various other factors, including those discussed herein and those set forth in the Company's most recent Annual Report on Form 10-K and Registration Statement on Form S-3. -----END PRIVACY-ENHANCED MESSAGE-----