pbh8kmarch102010.htm
UNITED
STATES
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): March 10, 2010
PRESTIGE
BRANDS HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
(State
or Other Jurisdiction
of
Incorporation)
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001-32433
(Commission
File Number)
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20-1297589
(IRS
Employer Identification No.)
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90 North
Broadway, Irvington, New York 10533
(Address
of Principal Executive Offices)
(914)
524-6810
(Registrant’s
telephone number, including area code)
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:
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£
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Written
communications pursuant to Rule 425 under the Securities
Act.
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£
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Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act.
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£
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Pre-commencement
communications pursuant to Rule 14d-2b under the Exchange
Act.
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£
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act.
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Item
1.01 Entry into a Material Definitive
Agreement.
On March 10, 2010, Prestige Brands
Holdings, Inc. (the “Company”), its wholly-owned subsidiary Prestige Brands,
Inc. (the “Issuer”), and certain subsidiaries of the Company entered into a
purchase agreement (the “Purchase Agreement”) for an offering of $150 million in
aggregate principal amount of new Senior Notes due 2018 (the “New Notes”) in a
private offering to qualified institutional buyers pursuant to Rule 144A and
Regulation S under the Securities Act of 1933, as amended (the “Securities
Act”). The New Notes, which priced on March 10, 2010, will yield
gross proceeds to the Company of approximately $147,846,000 and accrue interest
at a rate of 8.25% per annum from the date of issuance. Interest on
the New Notes will be payable semi-annually commencing October 1, 2010 and the
New Notes will mature on March 10, 2018. Delivery of, and payment
for, the New Notes is anticipated to be made on or about March 24, 2010, or such
later date as the purchasers may designate.
On March 10, 2010, the Company
announced via press release that the Issuer (i) had commenced a cash tender
offer and consent solicitation for any and all of its 9 1/4% Senior Subordinated
Notes due 2012 having an outstanding aggregate principal amount of $126 million;
and (ii) was making a private placement offering of the New Notes. A
copy of the press releases making the announcements in clauses (i) and (ii)
above are attached hereto as Exhibits 99.1 and 99.2, respectively, and are
incorporated herein by reference.
The New Notes have not been and will
not be registered under the Securities Act and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. The obligations of the purchasers to purchase the New
Notes are subject to customary terms and conditions, including accuracy of
representations and warranties and receipt of legal opinions and certificates,
in each case as set forth in the Purchase Agreement.
Item
9.01. Financial Statements and Exhibits.
See Exhibit Index immediately following
the Signature Page hereto.
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.
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PRESTIGE BRANDS HOLDINGS,
INC. |
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(Registrant) |
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| Date: March
11, 2010 |
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By:
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/s/ Eric
S. Klee |
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Name:
Eric S. Klee |
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Title:
Associate General Counsel |
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Exhibit Number
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Description
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99.1
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Press
Release dated March 10, 2010, announcing a cash tender offer and consent
solicitation by Prestige Brands, Inc.
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99.2
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Press
Release dated March 10, 2010, announcing a private placement offering by
Prestige Brands, Inc.
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