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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): September 24, 2002
Pillowtex Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-49835 75-2147728
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
One Lake Circle Drive
Kannapolis, North Carolina 28081
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 704-939-2000
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On September 24, 2002, Pillowtex Corporation, a Delaware corporation
(the "Company"), entered into a Waiver, Consent and Second Amendment to Term
Loan Agreement, dated to be effective as of September 27, 2002 (the "Term Loan
Amendment"), amending the Term Loan Agreement, dated as of May 24, 2002, among
the Company, Bank of America, N.A., as Administrative Agent and a Lender, and
the Lenders named therein. A copy of the Term Loan Amendment is filed as Exhibit
10.1 hereto.
On September 25, 2002, the Company filed a press release announcing the
Term Loan Amendment. A copy of the press release announcing the Term Loan
Amendment is filed as Exhibit 99.1 hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired:
Not Applicable.
(b) Pro Forma Financial Information:
Not Applicable.
(c) Exhibits:
Exhibit No. Description
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10.1 Waiver, Consent and Second Amendment to Term
Loan Agreement, dated to be effective as of
September 27, 2002, among Pillowtex Corporation,
Bank of America, N.A., as Administrative Agent
and a Lender, and the Lenders named therein
99.1 Pillowtex Corporation Press Release, dated
September 25, 2002
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report to be signed on its behalf by
the undersigned hereunto duly authorized.
PILLOWTEX CORPORATION
By: /s/ John F. Sterling
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Name: John F. Sterling
Title: Vice President and General Counsel
Date: September 25, 2002
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EXHIBIT INDEX
Exhibit No. Description
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10.1 Waiver, Consent and Second Amendment to Term Loan Agreement,
dated to be effective as of September 27, 2002, among Pillowtex
Corporation, Bank of America, N.A., as Administrative Agent and
a Lender, and the Lenders named therein
99.1 Pillowtex Corporation Press Release, dated September 25, 2002
4