8-K 1 frm8k62802.txt VISKASE COMPANIES, INC. CURRENT REPORT 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) June 28, 2002 VISKASE COMPANIES, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-5485 95-2677354 ------------------------------- -------- ---------- (State or other jurisdiction of (Commission (I.R.S. incorporation or organization) File No.) Employer Identification No.) 625 Willowbrook Centre Parkway, Willowbrook, Illinois 60527 ------------------------------------------------------- --------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (630) 789-4900 -------------- ============================================================================= Page 1 of 3 Item 5. - Other Events ------------ Viskase Corporation (Viskase), a wholly-owned subsidiary of Viskase Companies, Inc. (Company), executed a Forbearance and Consent Agreement (Agreement) between Viskase and General Electric Capital Corporation (GECC), whereby GECC, Viskase's equipment lessor, has agreed to forbear until November 30, 2002, subject to certain conditions, from exercising its rights and remedies because of any default or event of default under any lease documents arising from (i) Viskase's failure to meet the Fixed Charge Coverage Ratio for the fiscal quarters ended March 31, 2002, June 30, 2002 and September 30, 2002 and (ii) the Company being a debtor under Chapter 11 of the Bankruptcy Code. A copy of the Forbearance and Consent Agreement is attached hereto as Exhibit 10. Item 7. - Financial Statements and Exhibits --------------------------------- (c) Exhibits EX-10 Forbearance and Consent Agreement 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 thereunto duly authorized. VISKASE COMPANIES, INC. ----------------------- Registrant By: /s/ Gordon S. Donovan --------------------- Gordon S. Donovan Vice President, Chief Financial Officer and Treasurer June 28, 2002 Exhibit No. Description of Exhibits Page ----------- --------------------------------- ---- EX-10 Forbearance and Consent Agreement 3