e8vk
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): November 30, 2010
VECTOR GROUP LTD.
(Exact name of Registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
1-5759
|
|
65-0949535 |
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification No.) |
|
|
|
100 S.E. Second Street, Miami, Florida
|
|
33131 |
(Address of principal executive offices)
|
|
(Zip Code) |
(305) 579-8000
(Registrants telephone number, including area code)
Not Applicable.
(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 (see General Instruction
A.2. below):
|
|
|
o
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
o
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On November 30, 2010, Vector Group Ltd. announced that it is offering $75 million aggregate
principal amount of 11% Senior Secured Notes due 2015 to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and
to persons outside of the United States in compliance with Regulation S under the Securities Act.
The full text of the press release issued in connection with the announcement is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
|
|
|
Item 9.01. |
|
Financial Statements and Exhibits |
(d) Exhibits.
|
|
|
Exhibit No. |
|
Description |
|
99.1
|
|
Press Release issued November 30, 2010 |
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.
|
|
|
|
|
|
VECTOR GROUP LTD.
|
|
|
By: |
/s/ J. Bryant Kirkland III
|
|
Date: November 30, 2010 |
|
J. Bryant Kirkland III |
|
|
|
Vice President and Chief Financial Officer |
|
|
exv99w1
Exhibit 99.1
VECTOR GROUP LTD. ANNOUNCES PRIVATE OFFERING OF
$75 MILLION AGGREGATE PRINCIPAL AMOUNT
OF 11% SENIOR SECURED NOTES
MIAMI, FL, November 30, 2010 Vector Group Ltd. (NYSE: VGR) (the Company) announced today
that it is offering $75 million aggregate principal amount of 11% Senior Secured Notes due 2015
(the Notes) to qualified institutional buyers in accordance with Rule 144A under the Securities
Act of 1933, as amended (the Securities Act), and to persons outside of the United States in
compliance with Regulation S under the Securities Act. The Notes will be fully and unconditionally
guaranteed on a joint and several basis by all of the wholly owned domestic subsidiaries of the
Company that are engaged in the conduct of the Companys cigarette businesses.
The Company intends to use the net proceeds of the issuance for general corporate purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy
the Notes. The Notes have not been registered under the Securities Act, or the securities laws of
any other jurisdiction. Unless so registered, the Notes may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the Securities Act and
the applicable securities laws of any other jurisdiction.
This press release contains certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to
identify these forward-looking statements using words such as anticipates, believes,
estimates, expects, plans, intends and similar expressions. These statements reflect the
Companys current beliefs and are based upon information currently available to it. Accordingly,
such forward-looking statements involve known and unknown risks, uncertainties and other factors
which could cause the Companys actual results, performance or achievements to differ materially
from those expressed in, or implied by, such statements.
Vector Group is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco
Inc. and directly owns New Valley LLC.
# # #
Contact:
Paul Caminiti/Carrie Bloom/Jonathan Doorley
Sard Verbinnen & Co
212/687-8080