SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) December 23, 1998
Borden Chemicals and Plastics Limited Partnership
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(Exact name of registrant as specific in its charter)
Delaware 1-9699 31-1269627
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(State of incorporation) (Commission File Number) (I.R.S. Employer
(Identification No.)
Highway 73
Geismar, Louisana 70734
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (614) 225-4482
Item 5. Other Events.
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On December 23, 1998, Borden Chemicals and Plastics Operating Limited
Partnership ("BCPOP") announced that it had reached agreement with
its lending banks on certain waivers and amendments relating to its
revolving credit facility. A press release announcing the agreement is
attached hereto as Exhibit 99.1. The Amended and Restated Credit Agreement
for the facility is attached hereto as Exhibit 99.2.
Item 7. Exhibits
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99.1. Press Release dated December 23, 1998
99.2 Amended and Restated Credit Agreement, dated as of December 23, 1998,
among Borden Chemicals and Plastics Operating Limited Partnership, the
several Lenders from time to time parties thereto, and The Chase
Manhattan Bank, as Administrative Agent.
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.
BORDEN CHEMICALS AND PLASTICS
LIMITED PARTNERSHIP
By: BCP Management, Inc., its general partner
By: /s/ Ronald B. Wiles
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Name: Ronald B. Wiles
Title: Chief Financial Officer and Treasurer
DATED: December 29, 1998
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EXHIBIT INDEX
Exhibit No.
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99.1 Press Release dated December 23, 1998.
99.2 Amended and Restated Credit Agreement, dated as of December 23, 1998,
among Borden Chemicals and Plastics Operating Limited Partnership, the
several Lenders from time to time parties thereto, and The Chase
Manhattan Bank, as Administrative Agent.
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