-----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, BdEhochQy9gkzanIWPdhdO32wUeKQ3fFl5F+DQBPIWefoxlZbyjKMTg24t7NBhL7 PoakLJb890vYJN61VMimyg== 0000950123-10-102907.txt : 20101109 0000950123-10-102907.hdr.sgml : 20101109 20101109081527 ACCESSION NUMBER: 0000950123-10-102907 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20101109 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101109 DATE AS OF CHANGE: 20101109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SPEEDWAY CORP CENTRAL INDEX KEY: 0000051548 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] IRS NUMBER: 590709342 STATE OF INCORPORATION: FL FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-02384 FILM NUMBER: 101174434 BUSINESS ADDRESS: STREET 1: 1801 W INTL SPEEDWAY BLVD CITY: DAYTONA BEACH STATE: FL ZIP: 32114-1243 BUSINESS PHONE: (386) 254-2700 MAIL ADDRESS: STREET 1: 1801 W INTL SPEEDWAY BLVD CITY: DAYTONA BEACH STATE: FL ZIP: 32114-1243 FORMER COMPANY: FORMER CONFORMED NAME: DAYTONA INTERNATIONAL SPEEDWAY CORP DATE OF NAME CHANGE: 19691130 FORMER COMPANY: FORMER CONFORMED NAME: FRANCE BILL RACING INC DATE OF NAME CHANGE: 19670227 8-K 1 g25189e8vk.htm FORM 8-K e8vk
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): November 9, 2010
 
INTERNATIONAL SPEEDWAY CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
 
         
Florida   0-2384   59-0709342
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
One Daytona Boulevard, Daytona Beach, Florida   32114
(Address of Principal Executive Offices)   (Zip Code)
(386) 254-2700
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 8.01 Other Items
Item 9.01 Financial Statements and Exhibits
SIGNATURES
EX-99.1


Table of Contents

Section 8 — Other Items
     Item 8.01 Other Items
On November 8, 2010, International Speedway Corporation issued a press release announcing the final results of its offer to purchase up to $100 million principal amount of its outstanding 5.40% senior notes due 2014 (CUSIP No. 460335AF9 and ISIN US335AF96). A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Section 9 — Financial Statements and Exhibits
     Item 9.01 Financial Statements and Exhibits
                 
            Description of    
    Exhibit Number   Exhibit   Filing Status
1
    (99.1 )   Press Release   Attached herewith

 


Table of Contents

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.
         
  INTERNATIONAL SPEEDWAY CORPORATION
(Registrant)
 
 
Date: November 9, 2010  By:   /s/ Brett M. Scharback    
    Brett M. Scharback   
    Vice President - Deputy General Counsel   

 

EX-99.1 2 g25189exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(ISC LOGO)
         
 
  FOR:   International Speedway Corporation
 
 
  CONTACT:   Charles N. Talbert
Director, Investor and Corporate
Communications
(386) 681-4281
INTERNATIONAL SPEEDWAY CORPORATION ANNOUNCES
CLOSING OF TENDER OFFER
     DAYTONA BEACH, Fla. — November 8, 2010 — International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) announced today the final results of its previously announced cash tender offer to purchase up to $100,000,000 aggregate principal amount of its outstanding 5.40% senior notes due 2014 (the “Notes”) (CUSIP No. 460335AF9 and ISIN No. US335AF96).
     The tender offer expired at 8:00 a.m. (EST), on Monday, November 8, 2010 (the “Expiration Time”). As of the Expiration Time, Notes with an aggregate principal amount of $62,960,000 were tendered and not validly withdrawn.
     Commenting on the announcement, Daniel Houser, ISC’s Senior Vice President, Chief Financial Officer, stated, “We are pleased with the results of the tender offer, which is another step in our ongoing efforts to further strengthen our financial position. We will benefit from the current favorable interest rate environment to refinance the tendered notes with lower cost alternatives while extending a significant portion of our near-term debt maturities.”
     ISC previously announced early settlement of a portion of the Notes tendered prior to 5:00 p.m. (EDT) on Friday, October 22, 2010 (the “Early Tender Deadline”). ISC today accepted for purchase and effected settlement of all of the Notes that were tendered, not withdrawn and not previously accepted for purchase. Holders who validly tendered their Notes prior to the Early Tender Deadline received $1,095 per $1,000 principal amount of Notes
-More-

 


 

ISC ANNOUNCES CLOSING OF TENDER OFFER   PAGE 2
tendered and accepted for payment, and holders who validly tendered their Notes thereafter received $1,065 per $1,000 principal amount of Notes tendered and accepted for payment.
     In addition to the consideration described above, holders of Notes validly tendered and accepted for purchase received accrued and unpaid interest on the Notes from the last payment date for the Notes up to, but not including, the applicable settlement date.
     Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding, and the terms and conditions governing the Notes, including the covenants and other provisions contained in the indenture governing the Notes, will remain unchanged.
     ISC promotes major motorsports events in every month of the racing season — more than any other motorsports promoter. Collectively, ISC’s 13 facilities promote well over 100 motorsports events during the racing season, which includes 46 premier NASCAR (National Association for Stock Car Auto Racing) national series events.
  Daytona International Speedway® in Florida
 
  Talladega Superspeedway® in Alabama
 
  Michigan International Speedway® located outside Detroit
 
  Richmond International Raceway® in Virginia
 
  Auto Club Speedway of Southern CaliforniaSM near Los Angeles
 
  Kansas Speedway® in Kansas City, Kansas
 
  Phoenix International Raceway® in Arizona
 
  Chicagoland Speedway® near Chicago, Illinois
 
  Route 66 RacewaySM near Chicago, Illinois
 
  Homestead-Miami SpeedwaySM in Florida
 
  Martinsville Speedway® in Virginia
 
  Darlington Raceway® in South Carolina
 
  Watkins Glen International® in New York
     ISC also promotes major motorsports activities in Montreal, Quebec, through its wholly owned subsidiary, Stock-Car Montreal.
     In addition to motorsports facilities, ISC owns and operates MRN Radio, the nation’s largest independent sports radio network; Daytona 500 Experience, the “Ultimate Motorsports Attraction” in Daytona Beach, Florida and the official attraction of NASCAR; and, Americrown Service Corporation, a provider of catering services, food and beverage concessions, and merchandise sales.

 


 

ISC ANNOUNCES CLOSING OF TENDER OFFER   PAGE 3
     NASCAR is the most prominent sanctioning body in stock car racing, based on such factors as geographic presence, number of members and sanctioned events. ISC derives almost 90 percent of its revenues from NASCAR-sanctioned racing events.
     Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements.” For those statements, ISC claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. ISC previously disclosed in response to Item 1A to Part I of its report on Form 10-K for the fiscal year ended November 30, 2009 certain important factors that could cause its actual results to differ from expectations. These forward-looking statements are made only as of the date thereof, and ISC undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
###

 

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