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
February 7, 1996
----------------
Date of Report
(Date of earliest event reported)
CHAMPION INTERNATIONAL CORPORATION
----------------------------------
(Exact name of registrant as specified in its charter)
NEW YORK
--------
(State or other jurisdiction of incorporation)
1-3053 13-1427390
------------------ ------------------
(Commission File Number) (IRS Employer Identification No.)
One Champion Plaza, Stamford, Connecticut 06921
--------------------------------------------------
(Address of principal executive offices) (Zip Code)
(203) 358-7000
--------------
(Registrant's telephone number, including area code)
Page 1 of 3 pages
ITEM 5. Other Events
(a) Recent Financing
On February 20, 1996, the Registrant completed the sale of $200,000,000
aggregate principal amount of its 6.40% Debentures due February 15, 2026 (the
"Debentures"). Net proceeds of approximately $198,580,000 will be applied to
the payment at maturity of a portion of the Company's commercial paper and notes
payable to banks and to the prepayment of a portion of the Company's bank term
loans.
The Debentures were issued under an Indenture dated as of May 1, 1992
between the Registrant and Chemical Bank, as trustee.
(b) Recent Events
On February 7, 1996, the Registrant issued a press release reporting that
weather-related outages at several facilities, related equipment repair costs
and continuing price declines for a number of the Registrant's pulp and paper
grades will result in lower earnings for the first quarter of 1996 than for the
fourth quarter of 1995.
EXHIBITS
1.1 Underwriting Agreement, dated February 14, 1996, between the
Registrant and Goldman, Sachs & Co., relating to the offer and sale
of the Registrant's debt securities
1.2 Pricing Agreement, dated February 14, 1996, among the Registrant and
Goldman, Sachs & Co. and Salomon Brothers Inc, as representatives of
the Underwriters named in Schedule I thereto, relating to the offer
and sale of the Registrant's 6.40% Debentures due February 15, 2026
4.1 Form of Debenture for the Registrant's 6.40% Debentures due February
15, 2026
12 Statement re computation of ratios of earnings to fixed charges
99 The Registrant's press release dated February 7, 1996
Page 2 of 3 Pages
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.
Champion International Corporation
By: /s/ Lawrence A. Fox
-----------------------------------
Lawrence A. Fox
Vice President and Secretary
Dated: February 20, 1996
Page 3 of 3 pages