-----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, E+fJvVFZ85OLgNZMRVNlLqaSSG/yS7DwClhZ6PSLAN2rvedims7iYGgk6hGlN6iD nlp/aiJEBAI9LW8Ln871eg== 0000950124-05-004574.txt : 20050801 0000950124-05-004574.hdr.sgml : 20050801 20050801110128 ACCESSION NUMBER: 0000950124-05-004574 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050801 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050801 DATE AS OF CHANGE: 20050801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEAR CORP CENTRAL INDEX KEY: 0000842162 STANDARD INDUSTRIAL CLASSIFICATION: PUBLIC BUILDING AND RELATED FURNITURE [2531] IRS NUMBER: 133386776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11311 FILM NUMBER: 05986935 BUSINESS ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: 2484471500 MAIL ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034 FORMER COMPANY: FORMER CONFORMED NAME: LEAR CORP /DE/ DATE OF NAME CHANGE: 19960620 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SEATING CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SIEGLER SEATING CORP DATE OF NAME CHANGE: 19900723 8-K 1 k97180e8vk.htm CURRENT REPORT, DATED AUGUST 1, 2005 e8vk
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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 reported): August 1, 2005
LEAR CORPORATION
(Exact name of registrant as specified in its charter)
         
Delaware   1-11311   13-3386776
(State or other jurisdiction of
incorporation) 		  (Commission File Number)   (IRS Employer Identification Number)
         
21557 Telegraph Road, Southfield, MI       48034
(Address of principal executive offices)       (Zip Code)
(248) 447-1500
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

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Item 8.01 Other Events.
SIGNATURE

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Section 8 — Other Events
Item 8.01 Other Events.
Lear has obtained commitments from two of its lenders under its $1.7 billion primary credit facility (the “Primary Credit Facility”) to provide an aggregate of $300 million under a proposed 18-month term loan facility (the “Proposed Term Loan Facility”), subject to various conditions. Proceeds from the Proposed Term Loan Facility would be used to create additional excess liquidity in light of the payoff at maturity of Lear’s $600 million 7.96% senior notes in May 2005, Lear’s reduced operating cash flows and cash charges associated with its restructuring actions. The Proposed Term Loan Facility is scheduled to be consummated in the third quarter of 2005, but no assurance may be given that it will be consummated on the terms contemplated or at all.
Lear is also in the process of seeking an amendment (the “Amendment”) to the Primary Credit Facility to obtain the consent of the lenders to permit Lear to enter into the Proposed Term Loan Facility and provide for the pledge of the capital stock of certain of Lear’s material subsidiaries to secure Lear’s obligations under the Primary Credit Facility and the Proposed Term Loan Facility. The proposed Amendment would also provide greater flexibility to the Company by adjusting the leverage ratio covenant for the third quarter of 2005 through the first quarter of 2006. While the Amendment is expected to be effective shortly, no assurance may be given that the Amendment will be consummated on the terms contemplated or at all.

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SIGNATURE
Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
    LEAR CORPORATION,
a Delaware corporation
 		  
Date: August 1, 2005  By:   /s/ David C. Wajsgras    
  Name:   David C. Wajsgras   
    Title: Senior Vice President and Chief Financial Officer   
 

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