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
June 26, 2003
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(Date of earliest event reported)
Trans World Corporation
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(Exact name of registrant as specified in its charter)
Nevada 0-25244 13-3738518
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(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
545 Fifth Avenue, Suite 940, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
(212) 983-3355
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 3
Exhibit Index appears on Page 2
ITEM 5. Other Events and Required FD Disclosure.
On May 14, 2003, the Registrant commenced its note exchange offer
pursuant to which the Registrant offered to the holders of its 12% Senior
Secured Notes due March 17, 2005 (the "Notes") to exchange the Notes for
22,640 (or more under certain circumstances) shares of its common stock or
$1,000 principal amount Variable Rate Promissory Notes due 2010, and, to
certain tendering Noteholders who have not received certain past interest
payments on the Notes, the 8% Promissory Notes due 2006.
On June 10, 2003, the Registrant announced that it extended the
expiration date of its note exchange offer from 5:00 p.m. New York City time
on Wednesday, June 11, 2003, to 5:00 p.m. New York City time, on Thursday,
June 26, 2003, unless otherwise extended.
On June 26, 2003, the Registrant announced that the note exchange offer
expired at 5:00 p.m. on Thursday, June 26, 2003. The Registrant also
announced that all $20.0 million principal amount of the Notes had been
tendered and that the Registrant had accepted all tendered Notes for exchange.
A copy of the Registrant's press release announcing the expiration of the note
exchange offer is attached as Exhibit 99.1.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibit Number Description
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99.1 Press Release dated June 26, 2003.
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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 thereunto duly authorized.
TRANS WORLD CORPORATION
Date: June 27, 2003 /s/ Rami S. Ramadan
_____________________
Rami S. Ramadan
Chief Executive Officer and
Chief Financial Officer
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