-----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, NGBXf9wOHOC7d8Efz69C1P7vlVOoJ6n3ToQtQNeS6kk8Nji6dVAfapkUOx6utclj vV9xIkBFOaG8+rRVUG8NhQ== 0000909518-98-000520.txt : 19980806 0000909518-98-000520.hdr.sgml : 19980806 ACCESSION NUMBER: 0000909518-98-000520 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980805 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980805 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRAND UNION CO /DE/ CENTRAL INDEX KEY: 0000316236 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 221518276 STATE OF INCORPORATION: DE FISCAL YEAR END: 0328 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07824 FILM NUMBER: 98677663 BUSINESS ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470-0966 BUSINESS PHONE: 2018906000 MAIL ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470 FORMER COMPANY: FORMER CONFORMED NAME: SUCCESSOR TO GRAND UNION CO/VA/ DATE OF NAME CHANGE: 19600201 8-K 1 GRAND UNION COMPANY ================================================================================ 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): August 5, 1998 THE GRAND UNION COMPANY - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-26602 22-1518276 (Commission File Number) (I.R.S. Employer 201 Willowbrook Boulevard Identification No.) Wayne, New Jersey 07470 (Address of Principal Executive Offices) (Zip Code) (973) 890-6000 (Registrant's Telephone Number, Including Area Code) Not applicable (Former Name or Former Address, if Changed Since Last Report) ================================================================================ NYFS03...:\18\50318\0003\1708\FRM8048L.210 Item 5. OTHER EVENTS. On August 5, 1998, the United States Bankruptcy Court for the District of New Jersey entered an order (the "Confirmation Order") confirming the Plan of Reorganization (the "Plan") of The Grand Union Company (the "Company"). The Plan is attached as Exhibit 1 to the Disclosure Statement, dated May 22, 1998, as previously filed. Filed herewith is a copy of the Company's Press Release, dated August 5, 1998, announcing the entering of the Confirmation Order. Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 2.1 Disclosure Statement, dated May 22, 1998 (including Plan of Reorganization attached as Exhibit 1 thereto), incorporated by reference to the Company's Current Report on Form 8-K dated May 27, 1998. 99.1 Press Release, dated August 5, 1998. 2 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 hereunto duly authorized. THE GRAND UNION COMPANY Dated: August 5, 1998 By: /s/ Jeffrey P. Freimark ------------------------ Name: Jeffrey P. Freimark Title: Executive Vice President and Chief Financial Officer 3 EXHIBIT INDEX Exhibit ------- 2.1 Disclosure Statement, dated May 22, 1998 (including Plan of Reorganization attached as Exhibit 1 thereto), incorporated by reference to the Company's Current Report on Form 8-K dated May 27, 1998. 99.1 Press Release, dated August 5, 1998 4 EX-99 2 EXHIBIT 99.1 FOR IMMEDIATE RELEASE - --------------------- GRAND UNION RESTRUCTURING PLAN CONFIRMED BY COURT CLEARS WAY TO PURSUE PROFITABLE GROWTH STRATEGY WAYNE, NJ. AUGUST 5, 1998 -- The Grand Union Company announced today that the U.S. Bankruptcy Court in Newark, New Jersey, has confirmed its voluntary, prepackaged plan of reorganization. As a result, the Company anticipates that it will complete its restructuring and emerge from Chapter 11 on or about August 17. J. Wayne Harris, Chairman of the Board and Chief Executive Officer, said, "As a result of the restructuring, we will now have an appropriate capital structure and the necessary financial resources to support Grand Union's profitable growth through an aggressive business strategy. Our management team is eager to move ahead with its business plan which seeks to capitalize on our Company's valuable consumer recognition, excellent store locations and other assets to enhance the value of the Company over the long term." Grand Union's restructuring plan received overwhelming approval from the Company's senior noteholders and preferred stockholders in a solicitation completed on June 22, 1998. In connection with the restructuring, Grand Union has entered into an agreement with UBS AG, Stamford Branch and Lehman Commercial Paper Inc., for a $300 million credit facility. Grand Union currently operates 222 retail food stores in six Northeastern states. Some of the matters discussed herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. For additional information about the Company and its various risk factors, please see the Company's most recent Form 10-K dated March 28, 1998, as filed with the Securities and Exchange Commission on June 26, 1998, and other documents as filed with the Securities and Exchange Commission. NYFS03...:\18\50318\0003\1708\REL8048P.210 -----END PRIVACY-ENHANCED MESSAGE-----