-----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, JxlYMJN9NDPe70bdT3gqTMqFdTKAm8GANL7+Zfdrtx3L55Z0aYuZRd9rWU0m8SzK QG2euzoj7u9DweDVW3cmGw== 0000814585-97-000006.txt : 19970711 0000814585-97-000006.hdr.sgml : 19970711 ACCESSION NUMBER: 0000814585-97-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970710 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 19970710 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MBIA INC CENTRAL INDEX KEY: 0000814585 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 061185706 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09583 FILM NUMBER: 97638874 BUSINESS ADDRESS: STREET 1: 113 KING ST CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9142734545 MAIL ADDRESS: STREET 1: 113 KING ST CITY: ARMONK STATE: NY ZIP: 10504 8-K 1 PRESS RELEASE OF 7/10/97 SECURITIES AND EXCHANGE COMMISSION Washington, D.. 20549 --------------- Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: July 10, 1997 Date of Earliest Event Reported: July 10, 1997 MBIA Inc. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Connecticut 1-9583 06-1185706 -------------- ------------------------ ------------ (State of (Commission File Number) (IRS Employer Incorporation) Identification No.) 113 King Street, Armonk, New York 10504 - -------------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (914) 273-4545 --------------------------------------------------- (Registrant's telephone number, including area code) Page 1 of 4 ITEM 5. OTHER EVENTS ------------ On July 10, 1997, the Company announced its plans for primary offerings of one million common shares and $100 million of debentures. The press release making such announcement is filed herewith. Page 2 of 4 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 hereunto duly authorized. MBIA Inc. ------------------------ (Registrant) Date: July 10, 1997 By /s/ Richard L. Weill ------------- ------------------------ Name: Richard L. Weill Title: President Page 3 of 4 MBIA MBIA INC. NEWS RELEASE 113 King Street Armonk, NY 10504 914 273 4545 Contact: Michael C. Ballinger FOR IMMEDIATE RELEASE (914) 765-3893 --------------------- MBIA PLANS EQUITY AND DEBT OFFERINGS - ------------------------------------ ARMONK, New York -- July 10, 1997 -- MBIA Inc. (NYSE: MBI), the holding company for MBIA Insurance Corporation, announced today that it plans primary offerings of one million common shares and $100 million of debentures. The underwriters have been granted an option to purchase up to 150,000 additional common shares to cover over-allotments. Proceeds of the offerings will be used to support future needs of the company and for general corporate purposes. The offerings will be made pursuant to a shelf registration statement which MBIA previously filed with the Securities and Exchange Commission. David H. Elliott, chairman and chief executive officer of MBIA, said, "These offerings will provide the company with additional capital for future growth." In addition, Mr. Elliott said, "MBIA's second quarter results are scheduled to be released on August 5 and operating earnings are expected to be in line with the First Call consensus estimate. We anticipate second quarter gross premiums written to be up approximately 20 percent over the second quarter of last year." MBIA Inc., through its wholly owned subsidiary, MBIA Insurance Corporation, is the leading insurer of municipal bonds and structured finance transactions. MBIA is also a leading provider of investment management and municipal services to the public sector. MBIA Insurance Corporation has a claims-paying rating of Triple-A from Moody's Investors Service, Inc., Standard & Poor's Ratings Services and Fitch Investors Service. Page 4 of 4 -----END PRIVACY-ENHANCED MESSAGE-----