-----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, Wq968oJhnyoz1YXgiEctZWVXtUUaXCDoIRy1utk8OR5ouc6SPC7/RakgjvWs2NjK z5ibbGN1XDH+BW/s1Hj9hg== 0000950152-97-001809.txt : 19970313 0000950152-97-001809.hdr.sgml : 19970313 ACCESSION NUMBER: 0000950152-97-001809 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970311 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970312 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEXINGTON PRECISION CORP CENTRAL INDEX KEY: 0000012570 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 221830121 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-03252 FILM NUMBER: 97555507 BUSINESS ADDRESS: STREET 1: 767 THIRD AVE 29TH FL CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123194657 MAIL ADDRESS: STREET 1: 30195 CHAGRIN BLVD STREET 2: SUITE 208W CITY: CLEVELAND STATE: OH ZIP: 44124-5755 FORMER COMPANY: FORMER CONFORMED NAME: BLASIUS INDUSTRIES INC DATE OF NAME CHANGE: 19890116 8-K 1 LEXINGTON PRECISSION CORPORATION / 8-K 1 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 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 AND EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 11, 1997 LEXINGTON PRECISION CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE (STATE OR OTHER JURISDICTION OF INCORPORATION) 0-3252 22-1830121 (COMMISSION FILE NO.) (I.R.S. EMPLOYER IDENTIFICATION NO.) 767 THIRD AVENUE, NEW YORK, NEW YORK 10017 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (212) 319-4657 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) - -------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 2 Item 5. Other Events. ------------- On March 11, 1997, Lexington Precision Corporation (the "Company") issued the press release attached hereto as Exhibit 99-1, which is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ------------------------------------------------------------------- (c) Exhibits. The following Exhibit is filed herewith: Exhibit ------- Number Exhibit ------- ------- 99-1 Press Release of the Company dated March 11, 1997 Page 2 of 5 Pages 3 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. LEXINGTON PRECISION CORPORATION DATED: March 11, 1997 By: /s/ Dennis J. Welhouse ------------------------ Dennis J. Welhouse Chief Financial Officer Page 3 of 5 Pages 4 EXHIBIT INDEX EXHIBIT NUMBER EXHIBIT LOCATION - --------- ------- -------- 99-1 Press Release of the Company dated March 11, 1997 Page 5 Page 4 of 5 Pages EX-99.1 2 EXHIBIT 99.1 1 Exhibit 99-1 LEXINGTON PRECISION CORPORATION 767 Third Avenue New York, New York 10017 FOR IMMEDIATE RELEASE - --------------------- LEXINGTON PRECISION AMENDS CREDIT FACILITY NEW YORK, March 11, 1997 -- Lexington Precision Corporation announced that, effective today, it had amended its credit facility with Congress Financial Corporation to increase the aggregate facility from $40,000,000 to $50,000,000 and to reduce the interest rates payable under the facility from prime plus 1% or LIBOR plus 3.25% to prime plus 0.25% or LIBOR plus 2.75%. The credit facility consists of term loans, a revolving line of credit and an equipment line of credit. Loans and letters of credit outstanding under the credit facility currently total $36,627,000. Today's amendment of the credit facility extended the maturity date of the revolving line of credit from January 2, 1998, to April 1, 2000. Proceeds from new term loans, in the aggregate amount of $25,289,000, refinanced $4,840,000 of borrowings under the revolving line of credit, $15,921,000 of term loans outstanding with Congress Financial and $4,528,000 of term loans outstanding with other lenders. The new term loans are payable in equal monthly installments through March 1, 2004, although the maturity date of the term loans can be accelerated by Congress Financial if the Company's revolving line of credit is not renewed by April 1, 2000. The amended equipment line of credit provides for up to $3,500,000 of additional term loans for future purchases of equipment. Advances under the revolving line of credit and the equipment line of credit are subject to availability formulas set by Congress Financial. Lexington Precision Corporation manufactures high-quality rubber and metal component parts. Contact: Warren Delano (212) 319-4657 Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----