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
_________________
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| Date of Report | |
| (Date of earliest | |
| event reported): | May 15, 2006 |
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LADISH CO., INC.
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| (Exact name of registrant as specified in its charter) |
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Wisconsin
| 0-23539
| 31-1145953
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| (State or other | (Commission File | (IRS Employer |
| jurisdiction of | Number) | Identification No.) |
| incorporation) | | |
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5481 S. Packard Avenue
Cudahy, Wisconsin 53110
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| (Address of principal executive offices, including zip code) |
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(414) 747-2611
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| (Registrant's telephone number, including area code) |
_________________
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:
| [_] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [_] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [_] | 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)) |
Page 1 of 2 pages
| ITEM 2.03. | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. |
On May 16, 2006 the Registrant sold $40,000,000 of Series B Senior Notes to a number of qualified, institutional buyers in a private placement. The Series B Senior Notes have a ten-year life, maturing on May 16, 2016. Interest on the Series B Senior Notes is payable semi-annually at a rate of 6.14%. The Registrant used the proceeds from the Series B Senior Notes to repay existing indebtedness and for general corporate purposes. In conjunction with the placement of the Series B Senior Notes, the Registrant and the holders of the Registrant’s Series A Senior Notes amended the note agreement for the Series A Senior Note.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
| | 10(a) | May 16, 2006 Series B Terms Agreement to Note Purchase Agreements |
| | 10(b) | First Amendment Dated May 15, 2006 to Note Purchase Agreement Dated as of July 20, 2001 |
| | 99 | May 17, 2006 Press Release |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
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| LADISH CO., INC. |
Date: May 17, 2006 | By:/s/ Wayne E. Larsen |
| Wayne E. Larsen |
| Vice President Law/Finance & Secretary |
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