PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JUNE 5, 1998)
TRIARC COMPANIES, INC.
$360,000,000 PRINCIPAL AMOUNT AT MATURITY OF
ZERO COUPON CONVERTIBLE SUBORDINATED DEBENTURES DUE 2018 AND
SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION THEREOF
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This Prospectus Supplement, together with the Prospectus, is to be used by
certain holders of the above-referenced securities or by their transferees,
pledgees, donees or their successors in connection with the offer and sale of
the above-referenced securities. The last reported sale price of the Common
Stock on the New York Stock Exchange on August 31, 1998 was $14 15/16 per share.
The Prospectus dated June 5, 1998 relating to the offer for resale of up to
$360,000,000 aggregate principal amount at maturity of Triarc Companies, Inc.'s
Zero Coupon Convertible Subordinated Debentures due 2018 and the shares of
Common Stock issuable upon conversion thereof is hereby supplemented to include
the following information in the table under the heading 'Selling
Securityholders' on page 52:
SELLING SECURITYHOLDERS
PRINCIPAL AMOUNT NUMBER OF SHARES
AT MATURITY OF PERCENTAGE OF COMMON STOCK
DEBENTURES OF BENEFICIALLY OWNED
BENEFICIALLY OWNED DEBENTURES AND OFFERED
SELLING SECURITYHOLDER AND OFFERED HEREBY OUTSTANDING HEREBY(1)(2)
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Century National Insurance Company................................ $2,700,000 * 25,555
Chrysler Insurance Company-Total Return........................ 150,000 * 1,419
Fort Dearborn Life Insurance Company.............................. 600,000 * 5,679
JMG Convertible Investments, L.P. ................................ 2,500,000 * 23,662
Triton Capital Investments, Ltd. ................................. 2,500,000 * 23,662
United National Insurance Company................................. 4,400,000 1.2 41,646
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* Less than 1.0%.
(1) Represents shares of Common Stock issuable upon conversion of the
Debentures.
(2) Assumes a conversion rate of 9.465 shares per $1,000 principal amount at
maturity and a cash payment in lieu of any fractional share interest, which
conversion rate is subject to adjustment as described under 'Description of
Debentures -- Conversion of Debentures.' Accordingly, the number of shares
of Common Stock issuable upon conversion of the Debentures may increase or
decrease from time to time. Under the terms of the Indenture, the Company is
not required to issue fractional shares of Common Stock upon conversion of
the Debentures and, in lieu thereof, will pay cash.
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SEE 'RISK FACTORS' BEGINNING ON PAGE 14 OF THE ACCOMPANYING PROSPECTUS FOR
A DISCUSSION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY PROSPECTIVE
PURCHASERS OF THE SECURITIES OFFERED HEREBY.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
THIS PROSPECTUS SUPPLEMENT IS DATED SEPTEMBER 1, 1998.