SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) July 6, 2000
Bell Microproducts Inc.
(Exact Name of Registrant as Specified in Its Charter)
California
(State of Other Jurisdiction of Incorporation)
0-21528 94-3057566
(Commission File Number) (I.R.S. Employer Identification No.)
1941 Ringwood Avenue
San Jose, California 95131
(Address of Principal Executive Offices) (Zip Code)
(408) 451-1685
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5 Other Events.
On July 6, 2000, Bell Microproducts Inc. entered into a Securities
Purchase Agreement with The Retirement Systems of Alabama and certain of its
affiliates regarding debt financing of $180 million. A copy of the agreement is
filed as Exhibit 10.1 to this Form 8-K. Copies of the Notes issued pursuant to
that agreement are filed as Exhibit 10.2 to this Form 8-K. Also in connection
with that agreement, Bell Microproducts Inc. issued a ten-year Warrant to
purchase 500,000 shares at $18.00 per share. A copy of the Warrant is filed as
Exhibit 10.3 to this Form 8-K. Bell Microproducts used a portion of the proceeds
from this debt financing to pay all amounts owed on its senior credit
facilities. Bell Microproducts is currently in the process of amending its
existing senior credit facility to provide for a line of credit of $50 million
from one of the lenders. Bell Microproducts is also contemplating establishing a
larger senior credit facility with its existing bank as well as other senior
lenders. We cannot be assured that such arrangements can be made.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired:
Not Applicable.
(b) Pro Forma Financial Information:
Not Applicable.
(c) Exhibits:
See Exhibit Index on page following Signatures.
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.
BELL MICROPRODUCTS INC.
Date: July 21, 2000 By /s/ Remo E. Canessa
Remo E. Canessa
Chief Financial Officer
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
EXHIBIT INDEX
to
FORM 8-K
BELL MICROPRODUCTS INC.
Exhibit Number Exhibit Description
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10.1 Securities Purchase Agreement
10.2 Subordinated Notes
10.3 Warrant