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 AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 2, 2004
FRIENDLY ICE CREAM CORPORATION
(Exact name of registrant as specified in its charter)
Massachusetts 0-3930 04-2053130
(I.R.S. Employer
(State of Incorporation) (Commission File Number) Identification No.)
1855 Boston Road
Wilbraham, Massachusetts 01095
(Address, including zip code of registrant's principal executive offices)
Registrant's telephone number, including area code: (413) 543-2400
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 9. REGULATION FD DISCLOSURE.
Friendly Ice Cream Corporation reported that for the two months ended February
22, 2004, comparable systemwide restaurant sales increased 6.5% (5.6% increase
for company operated and 8.3% increase for franchise restaurants) as compared to
the prior year.
The Company has obtained an amendment to its revolving credit facility that will
increase the maximum amount that may be borrowed from $30 million to $35 million
and extends the maturity from December 2005 to June 2007. The effectiveness of
the amendment is subject to the closing of an offering of $175 million of senior
notes and other customary conditions. Friendly's intends to retire all of its
outstanding 10 1/2% senior notes due December 1, 2007 with the issuance of the
new senior notes, together with available cash and borrowings of approximately
$4 million under its revolving credit facility.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
FRIENDLY ICE CREAM CORPORATION
By: /s/ PAUL V. HOAGLAND
-----------------------
Name: Paul V. Hoagland
Title: Executive Vice President of
Administration and Chief Financial
Officer
Date: March 2, 2004