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
May 24, 2007
Date of Report (Date of the earliest event reported)
Keystone Consolidated Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 1-3919 | 37-0364250 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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| | | |
5430 LBJ Freeway, Suite 1740, Dallas, Texas | 75240-2697 |
| (Address of principal executive offices) | (Zip Code) |
| | |
Registrant’s telephone number, including area code
(972) 458-0028
| | | |
| | (Former name or former address, if changed since last report.) | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 260.425) |
| | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | Entry into a Material Definitive Agreement. |
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On May 22, 2007, the registrant entered into the Second Amendment (“Second Amendment”) to the Loan Agreement by and between the registrant and the County of Peoria, Illinois (“Loan Agreement”). Under the Second Amendment, the principal payment of $10 million under the Loan Agreement that would otherwise have been due on June 1, 2007 was reduced to $1 million. The remaining $9 million principal amount under the Loan Agreement will bear interest at a rate of 7.5% per annum, and principal and interest will be paid in semi-annual installments of $838,000 through June 1, 2014. All other significant terms and conditions of the Loan Agreement remain unchanged.
This summary of the terms of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, a copy of which has been filed as Exhibit 4.1 to this report.
Item 9.01 | Financial Statements and Exhibits. |
| 4.1 | Second Amendment to Loan Agreement by and between Registrant and the County of Peoria, Illinois dated May 22, 2007. |
SIGNATURE
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.
KEYSTONE CONSOLIDATED INDUSTRIES, INC.
(Registrant)
By: /s/ Bert E. Downing, Jr.
Bert E. Downing, Jr.
Vice President, Chief Financial Officer, Corporate Controller and Treasurer
Date: May 24, 2007
INDEX TO EXHIBITS
| 4.1 | Second Amendment to Loan Agreement by and between Registrant and the County of Peoria, Illinois dated May 22, 2007. |
