Can someone tell me if this is good or bad and what you think it will do for stock price in the short-term and the company in the long-term.....
Wednesday December 3, 4:37 pm Eastern Time
Company Press Release
Rainforest Cafe, Inc. Files for a Public Offering of $100 Million
Convertible Subordinated Notes
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 3, 1997--Rainforest Cafe, Inc. (National Market: RAIN) announced
that it filed a registration statement today with the Securities and Exchange Commission for a proposed public
offering of $100,000,000 aggregate principal amount of Convertible Subordinated Notes due 2003. Rainforest
Cafe, Inc. expects to use the net proceeds of the offering for development of additional Rainforest Cafe units
and other general corporate purposes. The underwriters for the offering are NationsBanc Montgomery
Securities, Inc., PaineWebber Incorporated, and Wessels, Arnold & Henderson, L.L.C.
Rainforest Cafe, Inc. develops, owns, and operates combination restaurant/retail facilities offering a stimulating
and entertaining rainforest theme providing visitors with a ''Wild Place to Shop and Eat(R)''. Rainforest Cafe,
Inc. common shares are traded on the NASDAQ National Market under the symbol RAIN.
While a registration statement relating to these securities has been filed with the Securities and Exchange
Commission, it has not yet become effective. These securities may not be sold, nor may offers to buy be
accepted prior to the time the registration statement becomes effective. This communication shall not constitute
an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any State in
which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the
securities laws of any such State.
Certain statements contained herein are forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known
and unknown risks and uncertainties which may cause the company's actual results in future periods to differ
materially from what is currently anticipated. Those risks include, among others, risks associated with the timing
and cost associated with new unit development, general competitive factors and a change in consumer
acceptance of the company's products and services.
Contact:
Rainforest Cafe, Minneapolis
Mark Robinow, 612/945-5400
www.rainforestcafe.com |
