SECURITIES AND EXCHANGE COMMISSIONLMI AEROSPACE, INC. |
0-24293 | 43-1309065 |
(Commission File Number) | (I.R.S. Employer Identification No.) |
3600 Mueller Road, St. Charles, Missouri | 63302-0900 |
(Address of Principal Executive Offices) | (Zip Code) |
Item 5. Other Events.LMI Aerospace, Inc. (the “Company”) and Union Planters Bank, N.A., have entered into a Fourth Amendment to Loan Agreement, effective as of October 30, 2000, amending that certain Loan Agreement dated as of August 15, 1996 (the” Loan Agreement”) between Leonard’s Metal, Inc., the predecessor in interest to the Company, and Magna Bank, National Association, the predecessor in interest to Union Planters, N.A. The Fourth Amendment to Loan Agreement amended the Loan Agreement essentially to provide for (i) the reduction of the Company’s available line of credit from a maximum of $15,000,000 to $7,000,000, (ii) the granting to Union Planters, N.A. of a continuing security interest in all of the Company’s accounts receivable and inventories, (iii) the increase of the applicable interest rate payable for borrowings under the line of credit to 2.25% over the LIBOR rate, and (iv) an increase in the amount of net worth and EBITDA the Company is required to maintain in order to remain in compliance with certain financial covenants contained in the Loan Agreement. The Company does not currently have any outstanding borrowings under the line of credit. Item 7. Financial Statements and Exhibits(a) Not applicable (b) Not applicable (c) Exhibits Exhibit Number Description 10.37 Fourth Amendment to Loan Agreement SIGNATUREPursuant 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. Date: December 26, 2000 |
LMI AEROSPACE, INC. |
By: /s/ Lawrence E. Dickinson | |
Lawrence E. Dickinson | |
Chief Financial Officer and Secretary |
EXHIBIT INDEXExhibit Description10.37 Fourth Amendment to Loan Agreement |