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): July 13, 2001
Best
Buy Co., Inc.
(Exact name of registrant as specified
in its charter)
| Minnesota | ||
| (State or other jurisdiction of incorporation) | ||
| 1-9595 | 41-0907483 | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| 7075 Flying Cloud
Drive Eden Prairie, Minnesota |
55344 | |
| (Address of principal executive offices) | (Zip Code) | |
Registrant's telephone number, including area code: (952) 947-2000
N/A
(Former name
or former address, if changed since last report.)
ITEM 5. OTHER EVENTS.
Best Buy Co., Inc. issued the attached press release in connection with the commencement of The Musicland Group, Inc.’s (a wholly-owned indirect subsidiary) tender offer to repurchase its 9.875% Senior Subordinated Notes due in 2008 (2008 Notes). The 2008 Notes have a face value of $147 million and a carrying value of approximately $157 million. The tender offer is contingent upon the consent of the holders of a majority in the principal amount of the 2008 Notes to the removal of certain restrictive covenants and events of default that were included in the original indenture. The tender offer will remain open until Aug. 10, 2001, unless extended.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
The following is filed as an Exhibit to this Report.
| Exhibit No.
|
Description of Exhibit
|
| 99.1 | Press Release issued July 13, 2001 |
SIGNATURE
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.
| BEST BUY CO., INC. | ||
| (Registrant) | ||
| Date: July 18, 2001 | By: | /s/ Darren R. Jackson
|
| Name: | Darren R. Jackson | |
| Title: | Senior Vice President – Finance, Treasurer and Chief Financial Officer | |