-----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, T+Mp+bV1J3mYpsyskjGzSqxYkZBlvaqhH+CEBRmFGd7G9sFdp9r73/xVYZLqzr9t 5oSMitlbzUMvRpFLdCDz8A== /in/edgar/work/20000821/0000912057-00-038559/0000912057-00-038559.txt : 20000922 0000912057-00-038559.hdr.sgml : 20000922 ACCESSION NUMBER: 0000912057-00-038559 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000821 ITEM INFORMATION: FILED AS OF DATE: 20000821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICROTEL INTERNATIONAL INC CENTRAL INDEX KEY: 0000854852 STANDARD INDUSTRIAL CLASSIFICATION: [3825 ] IRS NUMBER: 770226211 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10346 FILM NUMBER: 707099 BUSINESS ADDRESS: STREET 1: 9485 HAVEN AVENUE STREET 2: STE 100 CITY: ONTARIO STATE: CA ZIP: 91730 BUSINESS PHONE: 9092972699 MAIL ADDRESS: STREET 1: 9485 HAVEN AVENUE STREET 2: STE 100 CITY: ONTARIO STATE: CA ZIP: 91730 FORMER COMPANY: FORMER CONFORMED NAME: CXR CORP DATE OF NAME CHANGE: 19920703 8-K 1 a8-k.txt FORM 8-K 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 21, 2000 MICROTEL INTERNATIONAL, INC. ---------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) DELAWARE 1-10346 77-0226211 - ------------------------------------------------------------------------------- (State or other jurisdiction of (Commission File (IRS Employer) incorporation or organization) Number) Identification No.) 9485 HAVEN AVENUE, SUITE 100, CALIFORNIA 91730 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (909) 297-2699 ----------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. NEW CREDIT FACILITY On August 16, 2000, the Company entered into a credit agreement with Wells Fargo Business Credit, Inc. ("Wells") to provide the Company with a maximum credit line of $3,000,000 secured by a pledge of the Company's domestic assets. The facility includes a term loan secured by machinery and equipment and a revolving credit line relating to a percentage of the Company's receivables and inventory. The company's foreign subsidiaries currently have credit facilities in England provided by Lloyds Bank and in France provided Banc National du Paris and in Japan by Johan Tokyo Credit Bank. The interest rate on the Wells loan is the prime rate plus two percent but the agreement provides for up to one full percent reduction in the rate as early as December 31, 2000, based upon achieving certain targeted profit levels in the third and fourth quarters. The prior credit facility with Congress Financial Corporation expired and all funds owed to Congress Financial Corporation have been paid off. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MICROTEL INTERNATIONAL, INC. By: /s/ Randolph D. Foote -------------------------------- Randolph D. Foote Chief Financial Officer Date: August 21, 2000 -----END PRIVACY-ENHANCED MESSAGE-----