SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Date of report (Date of earliest event reported): | | November 22, 2002 |
OAKWOOD HOMES CORPORATION
(Exact name of registrant as specified in charter)
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| North Carolina | | 1-7444 | | 56-0985879 |
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(State or other jurisdiction
of incorporation) | | (Commission
file number) | | (IRS Employer
Identification Number) |
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| 7800 McCloud Road, Greensboro, North Carolina | | 27409-9634 |
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| (Address of principal executive offices) | | (Zip Code) |
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| Registrant’s telephone number, including area code: | | (336) 664-2400 |
Item 5. Other Events.
On November 23, 2002, Oakwood Homes Corporation (the “Company”) announced that it had reached agreements in principle relating to proposed debtor-in possession (“DIP”) financing facilities totaling up to $415 million. The press release issued by the Company announcing these proposed financing facilities is attached hereto as Exhibit 99.1. The Term Sheet for DIP Financing Facility with Berkshire Hathaway Inc., Greenwich Capital Financial Products, Inc. and Ranch Capital LLC, as co-lenders, to provide up to $215 million in DIP financing is attached hereto as Exhibit 10.1. The Credit Suisse First Boston Summary Indicative Terms and Conditions for continued access to the Company’s loan purchase facility of up to $200 million is attached hereto as Exhibit 10.2.
Item 7. Financial Statements,Pro FormaFinancial Information and Exhibits.
| | (a) | | Financial Statements. Not applicable. |
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| | (b) | | Pro Forma Financial Information. Not applicable. |
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| | (c) | | Exhibits.The following exhibit is filed herewith: |
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| 10.1 | | Term Sheet for DIP Financing Facility |
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| 10.2 | | Credit Suisse First Boston Summary Indicative Terms and Conditions |
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| 99.1 | | Press release issued on November 23, 2002. |
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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| | | OAKWOOD HOMES CORPORATION |
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| Date: November 26, 2002 | | By: | | /s/ Suzanne H. Wood |
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| | | | | Name: | | Suzanne H. Wood |
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| | | | | Title: | | Executive Vice President and Chief Financial Officer |
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
EXHIBITS
CURRENT REPORT
ON
FORM 8-K
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Date of Event Reported:
November 23, 2002 | | Commission File No:
1-7444 |
OAKWOOD HOMES CORPORATION
EXHIBIT INDEX
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| Exhibit No. | | Exhibit Description |
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| 10.1 | | Term Sheet for DIP Financing Facility |
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| 10.2 | | Credit Suisse First Boston Summary Indicative Terms and Conditions |
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| 99.1 | | Press release issued on November 23, 2002. |
