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:
January 19, 2005
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(Date of earliest event reported)
RAYOVAC CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Wisconsin 001-13615 22-2423556
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(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
Six Concourse Parkway, Suite 3300, Atlanta, Georgia 30328
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(Address of principal executive offices, including zip code)
(770) 829-6200
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(Registrant's telephone number, including area code)
Not Applicable
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(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:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On January 21, 2005, Rayovac Corporation (the "Company"), ROV Holding, Inc.
and Rovcal, Inc. entered into a Purchase Agreement (the "Purchase Agreement")
with Banc of America Securities LLC, Citigroup Global Markets Inc., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and ABN AMRO Incorporated (the
"Initial Purchasers") pursuant to which the Initial Purchasers have agreed to
purchase an aggregate principal amount of $700,000,000 of the Company's 7 3/8%
Senior Subordinated Notes due 2015 at a purchase price of 98.375% of the
principal amount thereof.
Each of Bank of America, N.A., an affiliate of Banc of America Securities LLC,
Citicorp North America, Inc., an affiliate of Citigroup Global Markets Inc.,
Merrill Lynch Capital Corporation, an affiliate of Merrill Lynch, Pierce,
Fenner & Smith Incorporated and LaSalle Bank, N.A., an affiliate of ABN AMRO
Incorporated, is a lender to Rayovac under its existing senior credit
facilities and is expected to serve as a lender under its anticipated new
senior credit facilities currently being negotiated.
This description of the Purchase Agreement does not purport to be a complete
statement of the parties' rights thereunder and is qualified in its entirety
by reference to the Purchase Agreement, a copy of which is attached hereto as
Exhibit 1.1.
Item 8.01. OTHER EVENTS.
On January 20, 2005, the Company issued a press release, a copy of which is
attached hereto as Exhibit 99.1, which press release is incorporated herein by
reference.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit
Number Description of Exhibit
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1.1 Purchase Agreement dated as of January 21, 2005
by and among Rayovac Corporation, ROV Holding,
Inc., Rovcal, Inc., Banc of America Securities
LLC, Citigroup Global Markets Inc., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and
ABN AMRO Incorporated.
99.1 Press Release dated January 20, 2005 issued by
Rayovac Corporation.
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.
Date: January 24, 2005 RAYOVAC CORPORATION
By: /s/ Randall J. Steward
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Name: Randall J. Steward
Title: Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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1.1 Purchase Agreement dated as of January 21, 2005
by and among Rayovac Corporation, ROV Holding,
Inc., Rovcal, Inc., Banc of America Securities
LLC, Citigroup Global Markets Inc., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and
ABN AMRO Incorporated.
99.1 Press Release dated January 20, 2005 issued by
Rayovac Corporation.