-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FAnO6m2lgCiygrzinnoKASlBTtGpxa5lA8KDSO+z3LXcmRc08pUYAxfXs0F3HPb+ apjPaP0KdjZkldzW52OD6g== 0000950124-99-006529.txt : 19991220 0000950124-99-006529.hdr.sgml : 19991220 ACCESSION NUMBER: 0000950124-99-006529 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991215 ITEM INFORMATION: FILED AS OF DATE: 19991217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEY PLASTICS LLC CENTRAL INDEX KEY: 0001061499 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 351997449 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-26729-03 FILM NUMBER: 99776687 BUSINESS ADDRESS: STREET 1: 21333 HAGGERTY RD STE 200 CITY: NOVI STATE: MI ZIP: 48375 BUSINESS PHONE: 8104496100 MAIL ADDRESS: STREET 1: 21333 HAGGERTY RD STE 200 CITY: NOVI STATE: MI ZIP: 48375 FORMER COMPANY: FORMER CONFORMED NAME: KEY PLASTICS TECHNOLOGY LLC DATE OF NAME CHANGE: 19980519 8-K 1 FORM 8-K 1 CURRENT REPORT ON FORM 8-K 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): December 15, 1999 KEY PLASTICS L.L.C. (Exact name of Registrant as specified in its charter) Michigan 333-26729 35-1997449 (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.) 21333 Haggerty Road Suite 200 Novi, Michigan 48375 (Address of principal executive offices) Registrant's telephone number, including area code: (248) 449-6100 N/A (Former Name or Former Address, if Changed Since Last Report) 2 Item 5. OTHER EVENTS. On November 15, 1999, Key Plastics L.L.C. (the "Registrant") executed an amendment ("the Amendment") to its Senior Credit Facility. In addition to the relaxation of certain financial covenants from September 30, 1999 through September 29, 2000, the Amendment required the Registrant to deliver member commitments to provide the Registrant with additional equity of at least $15 million by December 31, 1999 and, if needed, a maximum of an additional $10 million through September 29, 2000. In order to allow the Agent Bank under the Senior Credit Facility time to establish, with the Registrant, future covenant requirements for the Senior Credit Facility, and further negotiate other potential modifications to the Senior Credit Facility, the Senior Credit Facility was further modified, effective December 15, 1999, by extending the deadline for the member commitments required by the Amendment until January 31, 1999. The extensions were supported with a Maintenance / Support Agreement (the "Agreement") executed by certain shareholders of the Registrant's majority member, Key Plastics Holdings, Inc. These shareholders have agreed to make common or preferred equity contributions, or contributions for debt subordinated only to the Senior Credit Facility, in cash, to the Registrant in the aggregate amount of not less than $4 million on or before December 20, 1999. In addition, these same shareholders have agreed to contribute a maximum of $5 million of additional cash for similar securities if for any reason the Registrant is unable to borrow under its Senior Credit Facility through February 15, 2000. Any contribution under the Agreement is fully creditable towards the Registrant's obligations under the Amendment, due now at January 31, 2000. 3 SIGNATURES 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. KEY PLASTICS L.L.C. /s/ Larry D. Schwentor ---------------------------- Larry D. Schwentor Senior Vice President Finance & Administration/Chief Financial Officer Dated: December 17, 1999 -----END PRIVACY-ENHANCED MESSAGE-----