-----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, F7lyHCoW7CkJT0VUtmNJZ5y+H0MCnq8M9nHy4WZjq90AYbwozaqp0ZdWg6cTf5nc 6zhFVqYgkD+D1ewGtGUX/Q== 0000034616-00-000018.txt : 20000512 0000034616-00-000018.hdr.sgml : 20000512 ACCESSION NUMBER: 0000034616-00-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000511 ITEM INFORMATION: FILED AS OF DATE: 20000511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARMLAND INDUSTRIES INC CENTRAL INDEX KEY: 0000034616 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 440209330 STATE OF INCORPORATION: KS FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11629 FILM NUMBER: 625524 BUSINESS ADDRESS: STREET 1: 3315 N FARMLAND TRAFFICWAY STREET 2: DEPT 140 CITY: KANSAS CITY STATE: MO ZIP: 64116-0005 BUSINESS PHONE: 8164596000 FORMER COMPANY: FORMER CONFORMED NAME: CONSUMERS COOPERATIVE ASSOCIATION DATE OF NAME CHANGE: 19681201 8-K 1 OTHER EVENTS Form 8-K

UNITED STATES

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 report) May 11, 2000

FARMLAND INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

      Kansas                         2-60372                             44-0209330
  (State of Incorporation)        (Commission File Number)       (I.R.S. Employer Identification No.)

3315 North Oak Trafficway

Kansas City, Missouri 64116-0005

(Address of principal executive offices) (Zip Code)

816-459-6000

(Registrant's telephone number, including area code)

Not Changed

(Former name or former address, if changed since last report)

ITEM 5 OTHER EVENTS

Farmland has established an $800 million revolving credit facility (the “New Credit Facility”) with a syndicate of banks. This New Credit Facility, which replaces our existing $1.1 billion credit facility, expires May 2001.

Borrowings under the New Credit Facility are secured by a substantial portion of our accounts receivable, inventories and fixed assets. Interest rates under the credit facility are based on a spread over the base rate (as defined in the agreement) or a spread over LIBOR. The credit facility contains covenants related to Farmland’s ratio of earnings before interest, taxes, depreciation and amortization to net interest expense, our ratio of senior debt to total capitalization, and our ratio of total debt to total capitalization, all as defined in the agreement.

At the agreement’s inception, we borrowed approximately $575 million to repay in full our outstanding obligation under our existing credit 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.

May 11, 2000
(Date)

FARMLAND INDUSTRIES, INC.

(Registrant)

By: /s/ TERRY M. CAMPBELL

-------------------------------------------

Terry M. Campbell

Executive Vice President

and Chief Financial Officer

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