-----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, WNI7IExHal8hZJa3cZ92PxWauyJlbrv71zgU++N/BH47rrMWBcNNT6JY/yT+HPhH IJjQ7IqNyvg4cu6R0V8w1A== 0000950135-95-000954.txt : 19950417 0000950135-95-000954.hdr.sgml : 19950417 ACCESSION NUMBER: 0000950135-95-000954 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950413 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950414 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EKCO GROUP INC /DE/ CENTRAL INDEX KEY: 0000018827 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 112167167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07484 FILM NUMBER: 95529026 BUSINESS ADDRESS: STREET 1: 98 SPIT BROOK RD CITY: NASHUA STATE: NH ZIP: 03062 BUSINESS PHONE: 6038881212 MAIL ADDRESS: STREET 1: 98 SPIT BROOK RD CITY: NASHUA STATE: NH ZIP: 03062 FORMER COMPANY: FORMER CONFORMED NAME: CENTRONICS CORP DATE OF NAME CHANGE: 19880504 FORMER COMPANY: FORMER CONFORMED NAME: CENTRONICS DATA COMPUTER CORP DATE OF NAME CHANGE: 19870304 8-K 1 EKCO GROUP FORM 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): April 13, 1995 -------------- EKCO GROUP, INC. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-7484 11-2167167 - --------------- ----------- ---------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification incorporation) No.) 98 Spit Brook Road, Nashua, New Hampshire 03062 ---------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (603) 888-1212 -------------- 2 Item 5. Other Events. - ------- ------------- On April 13, 1995, the registrant issued a press release in which it announced that it had entered into a bank credit agreement with a group of lenders. The credit facility provides an aggregate of $75 million in credit lines to the registrant and its subsidiaries, of which $38 million will be used to retire existing bank debt with shorter maturities and the remaining $37 million will be available for general corporate purposes, including working capital, letters of credit and acquisitions. For further information regarding the bank credit facility, reference is made to the press release, attached hereto as an exhibit. Item 7. Financial Statements and Exhibits. - ------- ---------------------------------- (c) Exhibit ------- 28 Press Release dated April 13, 1995. 2 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 hereunto duly authorized. EKCO GROUP, INC. ------------------------- (Registrant) Date: April 14, 1995 /S/ LINDA R. MILLMAN ------------------------- Linda R. Millman Associate General Counsel 3 4 EXHIBIT INDEX TO THE EXHIBIT FILED HEREWITH Exhibit Number Exhibit Description - ------ ------------------- 28 Press Release dated April 13, 1995. EX-28 2 PRESS RELEASE DATED APRIL 13, 1995 1 EXHIBIT 28 ---------- [EKCO GROUP, INC. LETTERHEAD] FOR IMMEDIATE RELEASE CONTACT: Neil R. Gordon or Maureen Wolff-Reid Treasurer Vice President Ekco Group, Inc. Sharon Merrill Associates, Inc. (603) 888-1212 (617) 262-1800 EKCO GROUP ANNOUNCES $75 MILLION BANK CREDIT FACILITY NASHUA, NH, April 13, 1995 - Ekco Group, Inc. (NYSE:EKO) today announced that it had entered into a credit agreement with a group of lenders led by Fleet Bank of Massachusetts, N.A. The facility provides an aggregate of $75 million in credit lines to the company and its subsidiaries. Of the $75 million, $38 million will be used to retire existing bank debt with shorter maturities. The remaining $37 million is available for general corporate purposes, including working capital, letters of credit and acquisitions. Loans under the facility will bear interest ranging from the bank's prime rate to the prime rate plus 0.25 percent or the LIBOR rate plus 1.25 percent to 1.75 percent, depending on the company's borrowing strategy and its ratio of total debt to cash flow as defined in the credit agreement. "Establishing this credit facility is an important element in executing Ekco Group's long-range plan to increase shareholder value," said Robert Stein, Ekco Group president and chief executive officer. "By entering into this agreement, we have reduced our cost of capital and added borrowing capacity to support both our internal and external growth." (more) 2 EKCO GROUP/2 Ekco Group, Inc. is a leading manufacturer and marketer of branded housewares that are broadly marketed through major mass merchant, supermarket, home/office and hardware stores. The company's products include household items such as bakeware, kitchenware, storage products, brooms, brushes and mops, as well as non-poisonous and low-toxic household pest control products. ### -----END PRIVACY-ENHANCED MESSAGE-----