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): July 2, 2001
Scovill Fasteners Inc.
Scovill Holdings Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 333-43195 95-3959561
Delaware 333-43195-01 58-2365743
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
1802 Scovill Dr.
Clarkesville, GA 30523
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: 706-754-4181
Item 5. Other Events.
Scovill Fasteners Incorporated plans to restructure its Series B, $100 million,
11-1/4% Senior Notes due November 30, 2007. GSC Partners of Florham Park, NJ,
has an agreement in principle with respect to the exchange of over $90 million
of the Scovill Senior Notes it holds for a combination of common stock and
subordinated debt with no cash dividends or interest payable until 2013, thereby
permitting it to gain majority control of the 200 year old privately-held
company.
GSC Partners is a private investment firm which manages $4.4 billion of assets
on behalf of pension funds, financial institutions, foundations, university
endowments and individuals. Founded in 1994, the company is headquartered in
Florham Park, NJ with offices in New York and London.
THE SECURITIES TO BE ISSUED BY SCOVILL WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES OF 1933, AS AMENDED AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS THEREOF.
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.
Date: July 12, 2001 SCOVILL FASTENERS INC.
SCOVILL HOLDINGS INC.
By: /s/ Vincent H. Catrini
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Vincent H. Catrini,
Executive Vice President