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): February 29, 2000
EAGLE FOOD CENTERS, INC.
(Exact name of registrant as specified in the charter)
Commission File Number 0-17871
DELAWARE 36-3548019
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
RT. 67 & KNOXVILLE RD., MILAN, ILLINOIS 61264
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (309) 787-7700
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
(a) On February 29, 2000, the Registrant, Eagle Food Centers, Inc.
filed a Voluntary Petition under Chapter 11 of the Bankruptcy Code (the
"Petition") with the United States Bankruptcy Court for the District of Delaware
- -IN RE EAGLE FOOD CENTERS, INC., DEBTOR, Chapter 11, Case No. 00-01311. The
directors and officers of Eagle Food Centers, Inc. are expected to remain in
possession during the proceedings, subject to the supervision of the Bankruptcy
Court. As of the date of this report, no plan of reorganization has been filed
by the Registrant and no trustee has been appointed.
On February 29, 2000 Eagle Food Centers, Inc. issued a press release in
which it announced: (i) the filing of the Petition, (ii) the negotiation of a
$50 million debtor in possession ("DIP") credit facility with its current
largest secured lender, Congress Financial Corporation (Central), (a copy of
which is attached hereto as Exhibit 99.1 and incorporated herein by reference);
and (iii) that the largest identifiable unsecured institutional holders of its 8
5/8% Senior Notes due April 15, 2000, representing $29 million of the $100
million issue, had entered into agreements (in the form of Exhibit 99.2 attached
hereto and incorporated herein by
reference) to vote in favor of a proposed plan of reorganization. A copy of the
press release issued on February 29, 2000 is annexed as Exhibit 99.3 hereto and
incorporated herein by reference.
On March 2, 2000 Eagle Food Centers issued a press release in the form
of Exhibit 99.4 attached hereto and incorporated herein by reference, announcing
that it had obtained the Bankruptcy Court's approval of interim debtor in
possession financing, payment of certain prepetition claims and certain other
requests, scheduling a hearing on March 21, 2000 to consider its request for
final approval of the $50 million DIP and to pay prepetition claims of its
remaining trade creditors, and scheduling a confirmation hearing on a plan of
reorganization on May 17, 2000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
99.1 Congress Financial Debtor-in-Possession
Credit Facility dated March 1, 2000.
99.2 Form of Noteholder agreements to vote for
Plan of Reorganization.
99.3 Press release dated February 29, 2000.
99.4 Press release dated March 2, 2000.
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.
EAGLE FOOD CENTERS, INC.
(Registrant)
By: /s/ S. Patric Plumley
---------------------------------
S. Patric Plumley
Senior Vice President-
Chief Financial Officer and Secretary
Dated: March 15, 2000
INDEX TO EXHIBITS
Exhibit No. Description:
99.1 Congress Financial Debtor-in-Possession Credit Facility dated
March 1, 2000.
99.2 Form of Noteholder agreements to vote for Plan of
Reorganization.
99.3 Press Release dated February 29, 2000.
99.4 Press Release dated March 2, 2000.