8-K 1 jul2304_8k-air.htm jul2004_8k-air

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

July 23, 2004
Date of Report
(Date of earliest event reported)




DECRANE AIRCRAFT HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 000-22371 34-1645569
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
   of incorporation)   Identification No.)

2361 Rosecrans Avenue, Suite 180, El Segundo, CA 90245
(Address, including zip code, of principal executive offices)

(310) 725-9123
(Registrant's telephone number, including area code)




Not Applicable
(Former address and telephone number of principal executive offices, if changed since last report)









Item 9. Regulation FD Disclosure.

     As disclosed by the Company in a Current Report on Form 8-K filed June 2, 2004, the Company previously entered into non-binding letters of intent with several holders of its 12% Senior Subordinated Notes due September 30, 2008 to exchange a portion of such notes for new notes and with holders of all of its 16% Preferred Redeemable Exchangeable Preferred Stock due 2009 to amend the terms of the preferred stock.

     On June 23, 2004, the exchange transaction was consummated and the Company issued new 17% Senior Discount Notes due 2008 with an initial accreted value of $64.5 million ($127.8 million aggregate principal amount at maturity) in exchange for $64.5 million aggregate principal amount of its 12% Senior Subordinated Notes due 2008.

     The Company also amended its 16% Senior Redeemable Exchangeable Preferred Stock due 2009, effective July 23, 2004, the terms of the amendment are as previously disclosed in the Company’s Current Report on Form 8-K filed June 2, 2004.

     The 17% Senior Discount Notes due 2008 were not registered under the Securities Act of 1933 or applicable state securities laws and, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Cautionary Statement on Forward-Looking Information

     This current report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on these forward-looking statements, including statements about plans and objectives of management, potential acquisitions and financings and market growth and opportunity. These forward-looking statements are neither promises nor guarantees and involve risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements. For example, statements about our expectations in connection with industry trends and possible financings are subject to a variety of uncertainties and are subject to change as a result of changes in circumstances that are beyond our control. You should not expect that these forward-looking statements will be updated or supplemented as a result of changing circumstances or otherwise, and we disavow and disclaim an obligation to do so. Important cautionary statements and risk factors that would affect actual results are discussed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission, including those under the caption entitled “Risk Factors” in the Company’s annual report on Form 10-K for the year ended December 31, 2003, filed with the Securities and Exchange Commission on March 29, 2004.

     The information furnished with this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.






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.

    DECRANE AIRCRAFT HOLDINGS, INC.
    (Registrant)
       
       
       
Date: July 23, 2004 By:  /s/ Richard J. Kaplan
   
    Name: Richard J. Kaplan
    Title: Senior Vice President, Chief Financial Officer,
      Secretary and Treasurer