-----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, IlfHsR5/xgWK2Vr9GSlqRlNgO4PqcrabvGvuFViqkK4sj9UmenhOW/2cnkgJHYfh uGnEiAa9UL8zkBVpZZbewg== 0000950172-99-001137.txt : 19990830 0000950172-99-001137.hdr.sgml : 19990830 ACCESSION NUMBER: 0000950172-99-001137 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990827 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHOCK FULL O NUTS CORP CENTRAL INDEX KEY: 0000020041 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 130697025 STATE OF INCORPORATION: NY FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-03132 FILM NUMBER: 99701128 BUSINESS ADDRESS: STREET 1: 370 LEXINGTON AVE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125320300 MAIL ADDRESS: STREET 1: 370 LEXINGTON AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEE SARA CORP CENTRAL INDEX KEY: 0000023666 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 362089049 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: THREE FIRST NATIONAL PLZ STREET 2: STE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 3127262600 MAIL ADDRESS: STREET 1: THREE FIRST NATL PLZ STREET 2: SUITE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED FOODS CORP DATE OF NAME CHANGE: 19850402 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED GROCERD CORP DATE OF NAME CHANGE: 19731220 SC 13D/A 1 SCHEDULE 13D - AMENDMENT NO. 9 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 9) ---------------- CHOCK FULL O'NUTS CORPORATION (NAME OF ISSUER) ---------------- COMMON STOCK, $.25 PAR VALUE PER SHARE (TITLE OF CLASS OF SECURITIES) ---------------- 170268 (CUSIP NUMBER OF CLASS OF SECURITIES) ---------------- RODERICK A. PALMORE, ESQ. SENIOR VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY SARA LEE CORPORATION THREE FIRST NATIONAL PLAZA CHICAGO, ILLINOIS 60602 (312)726-2600 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS) COPY TO: CHARLES W. MULANEY, JR., ESQ. SKADDEN, ARPS, SLATE, MEAGHER & FLOM (ILLINOIS) 333 WEST WACKER DRIVE CHICAGO, ILLINOIS 60606 (312) 407-0700 AUGUST 27, 1999 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) - ------------- If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [ ] The information required in the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 170268 13D NAMES OF REPORTING PERSONS: SARA LEE CORPORATION 1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS: 36-208-9049 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP. (a) |_| (b) |_| 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| 6 CITIZENSHIP OR PLACE OF ORGANIZATION: STATE OF MARYLAND NUMBER OF 7 SOLE VOTING POWER SHARES 598,328 SEE ITEM 5* BENEFICIALLY OWNED BY 8 SHARED VOTING POWER EACH NONE REPORTING PERSON 9 SOLE DISPOSITIVE POWER WITH 598,328 SEE ITEM 5* 10 SHARED DISPOSITIVE POWER NONE 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 598,328 SEE ITEM 5 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES |_| 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.29% * 14 TYPE OF REPORTING PERSON CO * Between November 12, 1998 and May 4, 1999, Sara Lee Corporation purchased 111,200 shares of common stock, par value $.25 per share (the "Common Stock"), of Chock Full o'Nuts Corporation (the "Company"), $2,639,226 principal amount of 7% Convertible Senior Subordinated Debentures, due April 1, 2012 (the "7% Debentures") and $1,340,764 principal amount of 8% Convertible Subordinated Debentures, due September 15, 2006 (the "8% Debentures" and, together with the 7% Debentures, the "Convertible Debentures"), less $68,000 principal amount redeemed, for a total of $1,272,764 principal amount in the open market. The Convertible Debentures are non-voting securities; however, the Convertible Debentures are convertible into 487,128 shares of Common Stock. Sara Lee Corporation is entitled to convert the Convertible Debentures into Common Stock at any time. The aggregate number of shares of Common Stock which Sara Lee Corporation has a right to obtain by conversion of the Convertible Debentures is 487,128 shares. Together with the 111,200 shares of Common Stock owned by Sara Lee Corporation, Sara Lee Corporation holds or has the right to acquire an aggregate of 598,328 shares of Common Stock representing 5.29% of the 11,318,050 shares of Common Stock of the Company which would (taking into account such conversion) then be outstanding (based on the Quarterly Report on Form 10-Q of Chock Full O'Nuts Corporation for the quarter ended January 31, 1999). This Amendment No. 9 (the "Amendment") amends and supplements the Statement on Schedule 13D, dated April 12, 1999, as previously amended (the "Original Schedule 13D"), relating to the Common Stock. Item 6 Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. In light of prevailing market conditions, the Company recently determined that it was in its best interests to call the entire outstanding principal amounts of the 7% Debentures and the 8% Debentures for redemption. Sara Lee has entered into a Credit Agreement (the "Credit Agreement") with the Company in order to fund such redemptions. Pursuant to the Credit Agreement, Sara Lee has committed to loan up to an aggregate principal amount of $80,320,000, $50,693,000 to fund the redemption of the 7% Debentures (the "Line A Term Loan") and $29,627,000 to fund the redemption of the 8% Debentures (the "Line B Term Loan" and together with the Line A Term Loan, the "Term Loans"). The Line A Term Loan will mature on April 1, 2012 and amounts outstanding thereunder will bear interest, payable semi-annually, at the annual rate of 7.00%. The Line B Term Loan will mature on September 15, 2006 and amounts outstanding thereunder will bear interest, payable semi-annually, at the annual rate of 8.00%. The Term Loans are unsecured obligations of the Company and are junior and subordinated to all senior indebtedness of the Company. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: August 27, 1999 SARA LEE CORPORATION By: /s/ R. Henry Kleeman ------------------------- Name: R. Henry Kleeman Title: Vice President, Deputy General Counsel and Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----