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: January 5, 2001
(Date of earliest event reported)
1-10711
---------
(Commission File No.)
Sizzler International, Inc.
-------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 95-4307254
---------- ------------
(State or other jurisdiction of incorporation) (IRS Employer Identification
Number)
6101 West Centinela Avenue, Suite 200, Culver City, CA 90230
-----------------------------------------------------------------------------
(Address of principal executive offices, including zip code)
(310) 568-0135
-------------------
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On January 5, 2001 Sizzler International, Inc. (the "Registrant") issued
a press release relating to a new 7 year, $10 million term loan. The principal
loan documents and press release are filed with this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Number Description
------ -----------
10.1 Loan and Security Agreement dated December 20, 2000 by and
between Heller Financial Leasing, Inc., and Sizzler USA,
Inc., Sizzler USA Restaurants, Inc., Sizzler USA Real
Property, Inc.
10.2 Promissory Note in the amount of $5,000,000, dated December
20, 2000, by Sizzler USA, Inc., Sizzler USA Restaurants,
Inc., Sizzler USA Real Property, Inc. (Borrower) to Heller
Financial Leasing, Inc. (Lender).
10.3 Future Advance Promissory Note in the amount of $5,000,000,
dated December 20, 2000, by Sizzler USA, Inc., Sizzler USA
Restaurants, Inc., Sizzler USA Real Property, Inc.
(Borrower) to Heller Financial Leasing, Inc. (Lender).
10.4 Guaranty dated December 20, 2000, of Sizzler International,
Inc. (Guarantor) for the benefit of Heller Financial
Leasing, Inc. (Lender).
10.5 Environmental Indemnity Agreement dated December 20, 2000,
by and between Sizzler USA, Inc., Sizzler USA Restaurants,
Inc., Sizzler USA Real Property, Inc., Sizzler
International, Inc. (Indemnitor) for the benefit of Heller
Financial Leasing, Inc. (Lender).
10.6 Certificate Regarding Management dated December 20, 2000,
of Sizzler USA, Inc., Sizzler USA Restaurants, Inc.,
Sizzler USA Real Property, Inc.
10.7 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at six (6) Sizzler
locations.
10.8 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #110,
located at 2516 Colorado Boulevard, Eagle Rock, California,
reference to Exhibit 10.7.
10.9 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #213,
located at 1323 North Highland Avenue, Hollywood,
California, reference to Exhibit 10.7.
10.10 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #214,
located at 710 South Western Avenue, Los Angeles,
California, reference to Exhibit 10.7.
10.11 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #287,
located at 665 San Pablo Avenue, Albany, California,
reference to Exhibit 10.7.
10.12 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #402,
located at 1353 West Willow Pass Road, Concord, California,
reference to Exhibit 10.7.
10.13 UCC-1 Financing Statement of Sizzler USA Restaurants, Inc.,
Sizzler USA, Inc. and Sizzler USA Real Property, Inc.
(Debtor) for the benefit of Heller Financial Leasing, Inc.
(Secured Party) for property identified at Sizzler #852,
located at 7131 Van Nuys Boulevard, Van Nuys, California,
reference to Exhibit 10.7.
10.14 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified
as Sizzler #110, located at 2516 Colorado Boulevard, Eagle
Rock, California.
10.15 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified as Sizzler #213, located at 1323 North
Highland Avenue, Hollywood, California.
10.16 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified as Sizzler #214, located at 710 South
Western Avenue, Los Angeles, California.
10.17 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified as Sizzler #287, located at 665 San
Pablo Avenue, Albany, California.
10.18 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified as Sizzler #402, located at 1353 West
Willow Pass Road, Concord, California.
10.19 Deed of Trust and Assignment of Rents, Security Agreement
and Financing Statement (Fixture Filing) dated December 20,
2000, by and between Sizzler USA Real Property, Inc.
(Trustor) and Chicago Title Insurance Company (Trustee) for
property identified as Sizzler #852, located at 7131 Van
Nuys Boulevard, Van Nuys, California.
99.1 Press Release dated January 5, 2001.
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 hereunder duly authorized.
Sizzler International, Inc.
By: /s/ Mary E. Arnold
------------------------------
Name: Mary E. Arnold
Title: Vice President and
Controller
(Principal Accounting Officer)
Dated: January 11, 2001