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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF OCTOBER, 2003
Commission File Number _____________________
INTRAWEST CORPORATION
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(Registrant's name)
SUITE 800, 200 BURRARD STREET
VANCOUVER, BRITISH COLUMBIA, CANADA V6C 3L6
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101 (b)(7): [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ______
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant, Intrawest Corporation, has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Date: October 6, 2003
Intrawest Corporation
By:
/s/ Ross Meacher
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Ross Meacher
Corporate Secretary
[INTRAWEST LOGO]
www.intrawest.com
Listed: NYSE TSX NEWS RELEASE
Symbols: IDR (NYSE) ITW (TSX) FOR IMMEDIATE RELEASE
INTRAWEST CORPORATION ANNOUNCES PRIVATE OFFERING OF SENIOR
NOTES; INCREASES SIZE OF OFFERING
ALL DOLLAR AMOUNTS ARE IN U.S. CURRENCY
VANCOUVER, OCTOBER 1, 2003 - Intrawest Corporation announced that it has agreed
to sell, on a private placement basis in the United States under Rule 144A of
the Securities Act of 1933, as amended (the Securities Act) and in certain
Canadian provinces, $350 million aggregate principal amount of 7.5 per cent
senior notes due October 15, 2013 (the Notes). The Notes are being sold at par.
The size of the offering was increased from the previously announced $250
million aggregate principal amount. The closing of the offering is expected to
take place on or about October 9, 2003.
The company intends to use the proceeds from the sale of Notes to retire $200
million principal amount of its outstanding 9.75 per cent Senior Notes due
August 15, 2008 which are subject to a tender offer and consent solicitation
which commenced on September 29, 2003. The balance of the net proceeds will be
used to reduce bank and other indebtedness.
The Notes will not be and have not been registered under the Securities Act or
any state securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements under the Securities Act.
This news release shall not constitute an offer to sell or a solicitation of an
offer to buy any Notes or any other securities, nor will there be any sale of
the Notes or any other security in any jurisdiction in which such an offer or
sale would be unlawful.
Intrawest Corporation (IDR:NYSE; ITW:TSX) is the world's leading developer and
operator of village-centered resorts. The company owns or controls 10 mountain
resorts, including Whistler Blackcomb, North America's most popular mountain
resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a
premier vacation ownership business, Club Intrawest. The Company is developing
additional resort villages at six resorts in North America and Europe. The
Company has a 45 per cent interest in Alpine Helicopters Ltd., owner of Canadian
Mountain Holidays, the largest heli-skiing operation in the world. Intrawest is
headquartered in Vancouver, British Columbia and is located on the World Wide
Web at www.intrawest.com.
Statements contained in this release that are not historical facts are
forward-looking statements that involve risks and uncertainties. Intrawest's
actual results could differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, Intrawest's ability to implement
its business strategies, seasonality, weather conditions, competition, general
economic conditions, currency fluctuations and other risks detailed in the
company's filings with the Canadian securities regulatory authorities and the
U.S. Securities and Exchange Commission.
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For additional information, contact Mr. John Currie, senior vice president,
financing and taxation, at (604) 669-9777 or Stephen Forgacs, manager, investor
relations and corporate communications, at (604) 623-6620 or at
sforgacs@intrawest.com.
If you would like to receive future news releases by email, please contact
investor_relations@intrawest.com