-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, KjQdkUbrpigCk3p4fWfPek7ZaG1VqlUI7o2FwowHS3s162M7pjBi/M9LfyiAKrRN uswG4yJbvXFujOuhXGP+jw== 0000950152-95-000087.txt : 19950516 0000950152-95-000087.hdr.sgml : 19950516 ACCESSION NUMBER: 0000950152-95-000087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950131 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950202 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEXINGTON PRECISION CORP CENTRAL INDEX KEY: 0000012570 STANDARD INDUSTRIAL CLASSIFICATION: 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: 95504829 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 PRECISION CORPORATION 8-K 1 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): January 31, 1995 ----------------- Lexington Precision Corporation - - - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-3252 22-1830121 - - - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 767 Third Avenue, New York, New York 10017 - - - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 319-4657 --------------- N/A - - - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Page 1 of 5 Pages 2 Item 5. Other Events. ------------ On January 31, 1995, Lexington Precision Corporation (the "Company") issued the press release attached hereto as Exhibit 28-1, 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 ------ ------- 28-1 Press Release of the Company dated January 31, 1995
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: January 31, 1995 By: /s/ Warren Delano --------------------------- Warren Delano President Page 3 of 5 Pages 4
EXHIBIT INDEX EXHIBIT NUMBER EXHIBIT LOCATION - - - ------- ------- -------- 28-1 Press Release of the Company dated January 31, 1995 Page 5
Page 4 of 5 Pages EX-28.1 2 EXHIBIT 28.1 1 Exhibit 28-1 LEXINGTON PRECISION CORPORATION 767 Third Avenue New York, NY 10017-2023 FOR IMMEDIATE RELEASE LEXINGTON PRECISION CORPORATION ANNOUNCES AGREEMENT ON $40 MILLION CREDIT FACILITY NEW YORK, January 31, 1995 -- Lexington Precision Corporation (LEXP -- OTC) announced today that it has entered into an amendment to its credit facility with Congress Financial Corporation to increase the maximum borrowing permitted under the facility to $40,000,000, subject to availability formulas set by Congress. Pursuant to the amendment, $5,767,000 of borrowings outstanding under the Company's revolving line of credit and $7,873,000 of term loans have been refinanced with new term loans totaling $13,640,000. The credit facility provides for additional term loans of up to $11,300,000, subject to availability formulas set by Congress, for future purchases of equipment. All of the term loans will be payable in equal monthly installments through February 1, 2002. The maturity date of the term loans can be accelerated by Congress in the event the Company's revolving line of credit is not renewed on January 2, 1998 or any anniversary thereof. As of January 31, 1995, the Company has outstanding borrowings of $20,346,000 under the credit facility and has $4,903,000 of unused availability after making the semi-annual interest payment due tomorrow on its 12-3/4% Senior Subordinated Notes. As a result of the amendments, the rate of interest on borrowings has been reduced to prime plus 1%, or LIBOR plus 3-1/4%. Prior to the amendment, borrowings were at a rate of prime plus 1-1/2%. Lexington Precision Corporation manufactures precision metal and rubber components which are used by some of America's leading manufacturers of automobiles, office equipment, computers, medical devices and industrial equipment. Contact: Warren Delano (212) 319-4650 # # # Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----