-----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, AdXzwZ9MUZamnc8WaaziA1s/2/8D9ZiGV3J6rN2UQHUI40WsSD5yxP7crtxEPK2p uivKypNyM/XsfU5KHYMBCw== 0000950134-97-003442.txt : 19970506 0000950134-97-003442.hdr.sgml : 19970506 ACCESSION NUMBER: 0000950134-97-003442 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970501 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970505 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEARCH CAPITAL GROUP INC CENTRAL INDEX KEY: 0000318672 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 411356819 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09539 FILM NUMBER: 97595293 BUSINESS ADDRESS: STREET 1: 700 N PEARL ST STE 400 STREET 2: PLZ OF THE AMERICAS NORTH TOWER CITY: DALLAS STATE: TX ZIP: 75201-7490 BUSINESS PHONE: 2149656000 MAIL ADDRESS: STREET 1: 700 N PEARL STE 400,NORH TOWER STREET 2: PLAZA OF THE AMERICAS CITY: DALLAS STATE: TX ZIP: 75201-7490 FORMER COMPANY: FORMER CONFORMED NAME: SEARCH NATURAL RESOURCES INC DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K 1 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) May 1, 1997 -------------------------------- SEARCH CAPITAL GROUP, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) DELAWARE 0-9539 41-1356819 - ---------------------------- ------------------------ ------------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 700 N. PEARL STREET SUITE 400 DALLAS, TEXAS 75201-7490 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (214) 965-6000 ------------------------------ NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS. On May 1, 1997, Registrant announced that it had signed a letter of intent with an affiliate of Lehman Brothers Holdings Inc. pursuant to which Lehman would provide a $100 million, two year revolving warehouse line of credit facility to Search. The letter of intent is subject to certain conditions, including negotiation and execution of mutually acceptable definitive facility documents and completion of due diligence. As part of its compensation for providing the facility, Lehman will receive common stock of Registrant and warrants to purchase additional shares of common stock of Registrant upon the closing of the facility. The press release issued by Registrant with respect to the signing of the letter of intent is filed herewith as Exhibit 99. -2- 3 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) EXHIBITS. Exhibit No. Description 99 Press Release dated May 1, 1997 4 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 hereunto duly authorized. SEARCH CAPITAL GROUP, INC. By: /s/ Ellis A. Regenbogen ------------------------------- Ellis A. Regenbogen Executive Vice President Dated: May 5, 1997 5 EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99 Press Release dated May 1, 1997 EX-99 2 PRESS RELEASE DATED MAY 1, 1997 1 Contact: James F. Leary Vice Chairman, Finance Search Capital Group, Inc. (214) 965-6000 FOR IMMEDIATE RELEASE: May 1, 1997 SEARCH CAPITAL ANNOUNCES $35 MILLION SUBORDINATED DEBT OFFERING SEARCH CAPITAL SIGNS LETTER OF INTENT WITH LEHMAN BROTHERS FOR $100 MILLION WAREHOUSE LINE OF CREDIT DALLAS, Texas -- Search Capital Group, Inc. (NASDAQ: SCGI) announced today that it has signed a letter of intent with an affiliate of Lehman Brothers Holdings Inc. pursuant to which Lehman would provide a $100 million, two year revolving warehouse line of credit facility to Search. The letter of intent is subject to certain conditions including, among other things, negotiation and execution of mutually acceptable definitive facility documents and completion of due diligence. George C. Evans, Chairman and CEO of Search, said "This facility with Lehman will provide diversification in our long-term financing needs to implement our strategic growth plan." As part of its compensation for providing the facility, Lehman will receive common stock and warrants to purchase additional shares of common stock upon the closing of the facility. Search Capital Group, Inc. is a specialized financial services company engaged in the purchasing, financing and servicing of non-prime automobile installment loans. Search also has non-auto consumer finance operations. Search common shares and 9%/7% convertible preferred shares are traded on the NASDAQ National Market under the symbols "SCGI" and "SCGIP", respectively. # # # -----END PRIVACY-ENHANCED MESSAGE-----