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) February 6, 2002
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U.S. AGGREGATES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-15217 57-0990958
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
147 WEST ELECTION ROAD, SUITE 110, DRAPER, UT 84020
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(Address of Principal Executive Offices) (Zip Code)
(801) 984-2600
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
AMENDMENT OF CREDIT AGREEMENT.
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On February 6, 2002, the Company entered into a Tenth Amendment to Credit
Agreement and Forbearance Agreement with its senior secured lenders pursuant to
which the senior secured lenders and the Company agreed on the distribution of
net proceeds received from the recently completed sale of the Company's Idaho
assets. In addition, subject to certain conditions, the senior secured lenders
agreed not to (i) declare the Company's senior secured debt due and payable,
(ii) foreclose or take any actions to enforce payment of the Company's senior
secured debt or (iii) collect against the Company's collateral securing such
debt. The Tenth Amendment to Credit Agreement and Forbearance Agreement is,
subject to certain conditions, effective during the period beginning January 31,
2002 until March 16, 2002. A copy of the Tenth Amendment to Credit Agreement and
Forbearance Agreement is attached hereto as Exhibit 4.1.
ITEM 7. EXHIBITS
Exhibit 4.1 Tenth Amendment to Credit Agreement and Forbearance Agreement
dated as of January 31, 2002 by and among the Company, various
financial institutions and Bank of America, N.A., as agent.
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 THEREUNTO DULY AUTHORIZED.
U.S. AGGREGATES, INC.
Date: February 14, 2002 By: /s/ Stanford Springel
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Stanford Springel
Chief Executive Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
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4.1 Tenth Amendment to Credit Agreement and Forbearance
Agreement dated as of January 31, 2002 by and among the
Company, various financial institutions and Bank of America,
N.A., as agent.