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): June 2, 1997
Louisiana Casino Cruises, Inc.
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(Exact name of registrant as specified in its charter)
Louisiana 33-73534 72-1196619
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1717 River Road North, Baton Rouge, Louisiana 70802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 381-7777
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N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events.
Louisiana Casino Cruises, Inc., a Louisiana corporation (the "Company"),
announced on June 2, 1997 that three individual shareholders of the Company (Tom
Meehan, Jerry Bayles, and Dan Meadows) (the "Individual Shareholders") and CSMC
Management Services, Inc. ("CSMC"), a wholly-owned subsidiary of CHC
International, Inc. ("CHC"), have mutually terminated their previously
announced stock purchase agreement. The agreement had provided for the purchase
by CSMC of the interests of the Individual Shareholders, consisting of 40% of
the Company's common stock and all of its preferred stock. CSMC owns 59.8% of
the Company's common stock.
As part of its proposed financing of the stock purchase agreement, CHC had
intended to seek additional financing in an amount sufficient to permit the
redemption of the Company's outstanding First Mortgage Notes due 1998. After the
termination of the stock purchase agreement, the Company and CHC will
continue to evaluate whether to redeem the Notes, in whole or in part, although
no assurance can be given that any Notes will be redeemed. A copy of the
Company's press release dated June 2, 1997 is attached hereto as Exhibit 99 and
incorporated herein by reference.
Item 7. Financial Statements and Other Exhibits.
Exhibit No. Description
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Exhibit 99 Louisiana Casino Cruises, Inc. Press
Release dated June 2, 1997
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.
LOUISIANA CASINO CRUISES, INC.
Dated: June 19, 1997 By:/s/ W. Peter Temling
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W. Peter Temling, Acting
Chief Financial Officer