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)
February 6, 2004
CHAMPION PARTS, INC.
(Exact name of Registrant as specified in its Charter)
Illinois
1-7807
36-2088911
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of Incorporation)
2005 West Avenue B, Hope, Arkansas
71801
(address of principal executive offices)
(Zip Code)
(870) 777-8821
Registrant's telephone number, including area code
ITEM 5.
Other Events and Regulation FD Disclosure
On February 6, 2004, Champion Parts, Inc., an Illinois corporation, entered into an amendment to the Loan and Security Agreement with Congress Financial Corporation extending the maturity date of its revolving line of credit and its term loan from February 8, 2004 to May 8, 2004. Under the terms of the amendment, the total line of credit will decrease from $14,000,000 to $10,500,000 and Revolving Loan Interest Rate and Term Loan Interest Rate will increase to 2.75% and 3% in excess of the Prime Rate, respectively. For a more complete statement on the terms of the First Amendment to Loan and Security Agreement, reference is made to a copy thereof filed as an Exhibit 99 to this report. The Company is continuing discussions with other lenders to replace the existing line of credit.
ITEM 7.
Financial Statements and Exhibits
(c)
The following exhibit is furnished with this document:
Number
Exhibit
99
First Amendment to Loan Security Agreement
Congress Financial Corporation (Southwest)
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 hereunto duly authorized.
CHAMPION PARTS, INC.
/s/ Richard W. Simmons
Richard W. Simmons
Vice President Finance, CFO and Secretary
Dated: February 6, 2004
