-----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, Gt+zVh0Fd2eQGo8T4GiJQph8R1WMkysik8zoT8Oloi6woC2o/GW9dPWlzWm6PX50 xHVn0dMHJP3p38Yr2ef3aA== 0000950152-02-004876.txt : 20020617 0000950152-02-004876.hdr.sgml : 20020617 20020617164650 ACCESSION NUMBER: 0000950152-02-004876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020617 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLG INDUSTRIES INC CENTRAL INDEX KEY: 0000216275 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 251199382 STATE OF INCORPORATION: PA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12123 FILM NUMBER: 02680793 BUSINESS ADDRESS: STREET 1: 1 JLG DR CITY: MCCONNELLSBURG STATE: PA ZIP: 17233 BUSINESS PHONE: 7174855161 8-K 1 j9488201e8vk.txt FORM 8-K 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 (Date of earliest event reported) June 17, 2002 JLG INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Commission file number: 0-8454 PENNSYLVANIA 25-1199382 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 JLG DRIVE, MCCONNELLSBURG, PA 17233-9533 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (7l7) 485-5161 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events. A copy of the press release of JLG Industries, Inc. with respect to the sell of $175 million of Senior Subordinated Notes and the revision of its $275 million of Senior Credit Facilities is filed as Exhibit 99.1 hereto and is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Text of the Company's press release dated June 17, 2002 with respect to the sell of $175 million of Senior Subordinated Notes and the revision of its $275 million of Senior Credit Facilities. 2 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. JLG INDUSTRIES, INC. (Registrant) Date: June 17, 2002 /s/ James H. Woodward, Jr. -------------------------------- James H. Woodward, Jr. Executive Vice President and Chief Financial Officer 3 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Text of the Company's press release dated June 17, 2002 with respect to the sell of $175 million of Senior Subordinated Notes and the revision of its $275 million of Senior Credit Facilities. 4 EX-99.1 3 j9488201exv99w1.txt PRESS RELEASE Exhibit 99.1 [JLG Logo] JLG INDUSTRIES, INC. PRESS RELEASE 1 JLG Drive FOR IMMEDIATE RELEASE McConnellsburg, PA 17233-9533 Telephone (717) 485-5161 CONTACT: JUNA ROWLAND Fax (717) 485-6417 DIRECTOR - CORPORATE & INVESTOR RELATIONS www.jlg.com (240) 313-1816, IR@JLG.COM JLG SELLS $175 MILLION OF SENIOR SUBORDINATED NOTES AND REVISES $275 MILLION OF SENIOR CREDIT FACILITIES MCCONNELLSBURG, PA, JUNE 17, 2002 - JLG Industries, Inc. (NYSE: JLG) announced today that it sold $175 million principal amount of its 8 3/8% senior subordinated notes due 2012 and amended its $275 million in senior credit facilities to provide greater flexibility for the Company's operations. The net proceeds of the offering were used to repay outstanding debt under the Company's existing $250 million revolving credit facility and to terminate the Company's $83 million working capital facility. The Company also maintains a separate $25 million bank overdraft facility. "As a global leader in product innovation and technology for the access industry, this positive change to our capital structure provides a stronger foundation for future growth," stated Bill Lasky, Chairman of the Board, President and Chief Executive Officer. "We remain steadfast in our commitments to reduce costs by managing our business effectively, to expand our existing product lines, and to explore new product opportunities through product development and opportunistic acquisitions." According to Jim Woodward, Executive Vice President and Chief Financial Officer, "We are extremely pleased with the positive response to the note offering by investors and the continued support of our senior lenders. The $275 million in amended and restated senior credit facilities improves our flexibility to fund ongoing operations including continued funding of our customer finance offerings through our Access Financial Solutions subsidiary. Both the 10-year notes and our senior credit facilities are important parts in our capital structure tailored to support our long-term strategic financial plan." The senior notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States in compliance with Regulation S under the Securities Act of 1933. The senior notes were not registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. JLG Industries, Inc. is the world's leading producer of mobile aerial work platforms and a leading (more) JLG Industries, Inc. - page 2 producer of telehandlers and telescopic hydraulic excavators marketed under the JLG(R) and Gradall(R) trademarks. Sales are made principally to rental companies and distributors that rent and sell the Company's products to a diverse customer base, which include users in the industrial, commercial, institutional and construction markets. JLG's manufacturing facilities are located in the United States and Belgium, with sales and service locations on six continents. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including but not limited to those relating to financial projections and future financial performance, cost-cutting and manufacturing improvement efforts, future market conditions and trends, the growth of the Company's businesses, product demand, the introduction of new products, and the opening of new facilities. The forward-looking statements in this announcement may involve certain risks and uncertainties, which could cause actual results to differ materially, including cyclical demand, a consolidating customer base, competition, continued innovation, product liability, availability of product components, and other risks, as detailed in the Company's SEC reports, including the report on Form 10-Q for the quarter ended April 30, 2002. For more information, visit www.jlg.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----