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
Date of Report (Date of earliest event reported) March 31, 2003
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Atchison Casting Corporation
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(Exact name of registrant as specified in its charter)
KANSAS 1-12541 48-1156578
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
400 South Fourth Street, Atchison, Kansas 66002
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (913) 367-2121
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Not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On March 11, 2003, the Company entered into the Reinstatement and
Modification of the Fourteenth Amendment and Forbearance Agreement to
the Credit Agreement and the Reinstatement and Modification of the
Eleventh Amendment to the Note Purchase Agreement. These amendments,
among other things, (i) established new financial covenants relating
to capital expenditures, minimum cumulative earnings before interest,
taxes, depreciation and amortization and certain legal and
restructuring expenses; (ii) imposed an obligation on the Company to
retain an investment banker or other acceptable third party and
develop a timeline for the marketing and sale of the assets of Empire
Steel Castings, Inc.; and (iii) extended the deadline for the Company
to make a $7.0 million prepayment of these loans from February 28,
2003, to March 17, 2003.
Item 7. Financial Statements and Exhibits.
(c) EXHIBITS. The following exhibit is filed herewith:
4.1 Reinstatement and Modification of the Fourteenth Amendment and
Forebearance Agreement to the Credit Agreement dated as of March 11, 2003.
4.2 Amendment to Cash Collateral Use Agreement
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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.
Date: March 31, 2003
Atchison Casting Corporation
By: /s/ Kevin T. McDermed
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Kevin T. McDermed
Chief Financial Officer
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