-----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, LFRRXXNKjaQCdmBxzdXP4aNENrNkRqJZP8cLA4ZknZYtsF6mtEQKHeiUXTbifZL6 HCO6ZSry9jQWWZjsluAWBA== 0000910484-98-000146.txt : 19981221 0000910484-98-000146.hdr.sgml : 19981221 ACCESSION NUMBER: 0000910484-98-000146 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981208 ITEM INFORMATION: FILED AS OF DATE: 19981218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN PACIFIC PARTNERS L P CENTRAL INDEX KEY: 0000930735 STANDARD INDUSTRIAL CLASSIFICATION: SAWMILLS, PLANNING MILLS, GENERAL [2421] IRS NUMBER: 931161833 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24976 FILM NUMBER: 98771548 BUSINESS ADDRESS: STREET 1: 121 S W MORRISON ST STE 1500 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032742300 MAIL ADDRESS: STREET 1: 121 SW MORRISON ST STREET 2: STE 1500 CITY: PORTLAND STATE: OR ZIP: 97204 8-K 1 CROWN PACIFIC PARTNERS, L.P. FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934 ---------------------------- Date of Earliest Event Reported: December 8, 1998 CROWN PACIFIC PARTNERS, L.P. (Exact name of Registrant as specified in its charter) Delaware 0-24976 93-1161833 (State or other jurisdiction (Commission File No.) (I.R.S. Employer of incorporation) Identification No.)
121 SW Morrison Street, Suite 1500 97204 Portland, Oregon (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (503) 274-2300 ================================================================================ Item 5. Other Events On December 8, 1998 Crown Pacific Partners, L.P. announced the completion of an equity offering of 2,562,443 common units at $21.25 per unit, as more fully described in the press release filed as Exhibit 99.1 to this Current Report on Form 8-K. (c) Exhibits 99.1 Press Release, dated December 8, 1998. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CROWN PACIFIC PARTNERS, L.P. By: Crown Pacific Management Limited Partnership, as General Partner By: /s/ Richard D. Snyder -------------------------- Richard D. Snyder Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial and Accounting Officer) Date: December 17, 1998 -3- EX-99.1 2 CROWN PACIFIC PARTNERS, L.P. PRESS RELEASE Exhibit 99.1 Contacts: Financial Inquiries: Media Inquiries: Mark B. Conan Robert S. (Bob) Hess Crown Pacific Crown Pacific (503) 274-2300 (503) 274-2300 CROWN PACIFIC COMPLETES PUBLIC OFFERING OF 2.56 MILLION COMMON UNITS Portland, Ore. Dec. 8, 1998 Crown Pacific Partners, L.P. (NYSE: CRO) today announced it has completed an equity offering of 2,562,443 common units at $21.25 per unit. Included in the offering were 312,443 common units purchased by general partners Fremont Investors, Inc. and Peter W. Stott, President and CEO of Crown Pacific The net proceeds of the offering will be used to repay the company's revolving acquisition line of credit. Excess proceeds will be used for general business purposes, including repayment of other indebtedness, future acquisitions, capital expenditures or working capital. PaineWebber Incorporated and Salomon Smith Barney Inc. were the joint book-running managers of this equity offering. According to Mr. Stott, "This public offering positions Crown Pacific for continued growth through acquisitions by freeing up our $150 million acquisition line of credit." Stott added, "Over the past decade, we have completed more than $1.2 billion of acquisitions that have facilitated our strong growth and profitability. We look forward to maximizing the value of the investment made by these new and current unitholders." Crown Pacific now has 24,103,632 common units outstanding, compared to 21,541,189 common units before the transaction. Crown Pacific also has 5,773,088 subordinated units outstanding. -more- Crown Pacific p. 2 A copy of the prospectus may be obtained from PaineWebber Incorporated or from Salomon Smith Barney Inc. Forward-Looking Statements Information contained in this release includes forward-looking statements including statements regarding the company's intentions or strategies regarding the future that are not purely historical. Crown Pacific Partners, L.P.'s business and prospects are subject to a number of risks, including the volatility of timber and lumber prices, factors limiting harvesting of timber including contractual obligations, governmental restrictions, weather and access limitations, as well as the substantial capital expenditures required to supply its operations. Additional factors that could affect future performance include environmental risks, operating risks normally associated with the timber industry, competition, government regulation, economic changes in the regions where the company's products or substitute products are sold, including Southeast Asia and Japan. Other risk factors include the increase in the value of the U.S. dollar against foreign currencies, and the ability of the Partnership to implement its business strategy. These and other risks are described in the Partnership's registration statements and reports filed from time to time on forms 10-K, 8-K, and 10-Q and reports to unitholders, which are available from the company or the United States Securities and Exchange Commission. Crown Pacific Partners, L.P. is a leading integrated forest products company with extensive timber holdings and conversion facilities located in Oregon, Washington, Idaho and Montana, and marketing and sales offices located in Oregon, Arizona, Utah and California. Additional information and news releases may be obtained from Crown Pacific's Internet page at HYPERLINK http://www.crownpacificpartners.com www.crownpacificpartners.com or by calling the partnership directly at (888) NYSE CRO (697-3276). # # # -----END PRIVACY-ENHANCED MESSAGE-----