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): October 31, 2003
KRISPY KREME DOUGHNUTS, INC.
(Exact name of Registrant as Specified in its Charter)
| | | | | |
| North Carolina | | 001-16485 | | 56-2169715 |
| (State or other Jurisdiction of | | (Commission File | | (IRS Employer |
| Incorporation or Organization) | | Number) | | Identification No.) |
| | | |
| 370 Knollwood Street | | |
| Suite 500 | | |
| Winston-Salem, North Carolina | | 27103 |
| (Address of principal executive offices) | | (Zip code) |
Registrant’s telephone number, including area code: 336-725-2981
Not Applicable
(Former name or former address, if changed since last report)
TABLE OF CONTENTS
ITEM 5. OTHER ITEMS
On October 31, 2003, Krispy Kreme Doughnut Corporation (“KKDC”), a wholly owned subsidiary of Krispy Kreme Doughnuts, Inc., entered into a $150 million Syndicated Senior Unsecured Credit Facility comprised of a $119.3 million revolving credit facility and a $30.7 million term loan. The facility was arranged by Wachovia Bank, National Association and Branch Banking & Trust Company acting as Administrative Agent and Syndication Agent, respectively. The facility has a maturity date of October 31, 2007.
Proceeds from the initial borrowings totaling $109.7 million under both the revolver and term facilities were used to refinance existing obligations of KKDC and two of its consolidated joint venture partners, including a short-term loan executed in connection with the recent acquisition of the Dallas, TX and Shreveport, LA markets. Future borrowings will be used for general corporate purposes and to fund acquisitions.
A copy of the Credit Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
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 hereunto duly authorized.
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| | | KRISPY KREME DOUGHNUTS, INC. |
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| | | By: /s/ Randy S. Casstevens | |
| | | |
|
| | | Name: | Randy S. Casstevens |
| | | Title: | Senior Vice President and |
| | | | | | Chief Financial Officer |
Date: October 31, 2003
