8-K 1 d8k.htm CURRENT REPORT Current Report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report: April 28, 2004

 


 

OGLEBAY NORTON COMPANY

 


 

Ohio   000-32665   34-1888342
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

North Point Tower

1001 Lakeside Avenue, 15th Floor

Cleveland, OH

  44114-1151
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (216) 861-3300

 

N/A

(Former name or former address, if changed since last report)

 



Item 5. Other Events

 

On April 28, 2004, the Company issued a press release announcing that the United States Bankruptcy Court for the District of Delaware in Wilmington approved a $305 million second debtor-in-possession (DIP) credit facility that will provide the Company post-petition and exit financing. U.S. Bankruptcy Judge Joel B. Rosenthal said he would sign the order approving the second DIP facility and authorizing the Company to pay commitment fees for the loans. [The order was signed and entered on April 30, 2004.] The Company secured the second DIP facility from a syndicate of lenders led by Silver Point Finance LLC immediately prior to filing chapter 11. The second DIP will be used to repay the $70 million first DIP facility and the existing pre-petition bank credit facility, and to provide ongoing working capital requirements while the Company is in chapter 11.

 

The Company also said it filed a joint plan of reorganization with the court on April 27, 2004. The plan is subject to review and approval by certain creditors of the Company and by the Court. The Company said that it intends to file the related disclosure statement with the Court in the coming weeks.

 

A copy of the press release is attached as Exhibit 99.1.


Item 7. Financial Statements and Exhibits.

 

(c) Exhibits.

 

Exhibit No.

 

Description


99.1   Press Release dated April 28, 2004


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 hereunto duly authorized.

 

OGLEBAY NORTON COMPANY
By:  

/s/ JULIE A. BOLAND


    Julie A. Boland
    Vice President, Chief Financial Officer and Treasurer

 

Date: May 4, 2004


EXHIBIT INDEX

 

Exhibit
Number


 

Exhibit Description


99.1   Press Release dated April 28, 2004.