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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuantto Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) May 28, 2002
Charming Shoppes, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Pennsylvania
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(State or Other Jurisdiction of Incorporation)
000-07258 23-1721355
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(Commission File Number) (I.R.S. Employer Identification No.)
450 Winks Lane
Bensalem, Pennsylvania 19020
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Address of Principal Executive Offices) (Zip Code)
(215) 245-9100
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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)
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Item 5. Other Events and Regulation FD Disclosure
On May 28, 2002, Charming Shoppes, Inc. (the "Company") issued a press
release announcing the completion of the Company's previously announced private
placement of $130 million of 4.75% Senior Convertible Notes due 2012 (the
"Notes"), which were placed with qualified institutional investors. The Company
has granted the initial purchasers a 30-day option to purchase up to an
additional $20 million of the Notes to cover over-allotments. The full text of
the press release is as follows:
Charming Shoppes, Inc. Announces Private Placement of
$130 Million of 4.75% Senior Convertible Notes due 2012
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Bensalem, PA--May 28, 2002--Charming Shoppes, Inc. (Nasdaq: CHRS) today
announced that it has completed its previously announced private placement of
$130 Million of 4.75% Senior Convertible Notes due 2012 (the "Notes"), which
were placed with qualified institutional investors. The Company has granted the
initial purchasers a 30-day option to purchase up to an additional $20 million
of the Notes to cover over-allotments.
The Notes will mature on June 1, 2012 and will bear interest at an annual
rate of 4.75%. In addition, the Notes will be convertible into shares of the
Company's common stock at a conversion price of $9.88, subject to adjustment
upon certain events.
The Notes and the common stock issuable upon conversion have not been
registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and are being offered only to qualified institutional buyers in
reliance on Rule 144A or Regulation S under the Securities Act of 1933, as
amended. Unless so registered, the Notes and common stock issued upon conversion
of 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
applicable state securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be any sale of
the securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state.
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.
CHARMING SHOPPES, INC.
(Registrant)
Dated: May 28, 2002 By: /S/ Eric. M. Specter
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Name: Eric M. Specter
Title: Executive Vice President