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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): January 16, 2004
DAN RIVER INC.
(Exact name of registrant as specified in its charter)
Commission file number 1-13421
GEORGIA 58-1854637
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2291 Memorial Drive 24541
Danville, Virginia (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (434) 799-7000
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Item 5. Other Events and Regulation FD Disclosure.
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On January 20, 2004, we filed a news release concerning a third
amendment agreement with respect to our senior secured credit facility.
The form of the amendment is filed as Exhibit 99 to this Current Report on
Form 8-K. The text of the news release is as follows:
DAN RIVER INC. ANNOUNCES AMENDMENT TO ITS CREDIT FACILITY
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Danville, Va., January 20, 2004. Dan River Inc. (NYSE: DRF) announced
today that it has entered into a third amendment agreement with its lending
group related to its senior secured credit facility. The amendment
modifies the minimum levels of excess availability permitted by the credit
facility in order to accommodate anticipated seasonal borrowing needs.
FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION: This news release
contains forward-looking statements under applicable securities laws. The
Company believes its forward-looking statements are reasonable; however,
undue reliance should not be placed on such statements, which are based on
current expectations. The Company's financial condition and results of
operations could be materially and adversely affected by numerous market
and industry factors outside of its control. In particular, weak demand for
the Company's products has had an adverse effect on its operating results.
Should operating results deteriorate or fail to improve as expected, (i)
the Company's ability to comply with the requirements set forth in its
senior secured credit facility, as amended, and (ii) its negotiations with
its lenders concerning further amendments, could be adversely affected,
with a resultant material adverse effect on the Company's liquidity.
Additional risks associated with the Company's business are detailed in its
annual report on Form 10-K filed with the SEC on February 21, 2003 and in
its quarterly report on Form 10-Q filed with the SEC on November 12, 2003.
Investors should refer to the text of prior amendments to the senior
secured credit facility which have been filed with the SEC. The Company
will file the form of the third amendment with the SEC as an exhibit to a
Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
(See accompanying Exhibit Index)
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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.
DAN RIVER INC. (Registrant)
Date: January 20, 2004 /s/ Harry L. Goodrich
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Harry L. Goodrich
Vice President
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INDEX
Exhibit No. Description of Exhibit
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99 Text of Third Amendment to senior secured credit facility