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): DECEMBER 14, 2001
ADVANCED ACCESSORY SYSTEMS, LLC
(Exact name of registrant as specified in its charter)
DELAWARE 333-49011 13-3848156
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification
incorporation or organization) Number)
12900 HALL ROAD
STERLING HEIGHTS, MICHIGAN 48313
(586) 997-2900
(Address and Telephone Number of Registrant's Principal Executive Office)
ITEM 5. OTHER EVENTS
On December 14, 2001, Advanced Accessory Systems, LLC ("AAS"),
Sportrack, LLC ("Sportrack"), Valley Industries, LLC ("Valley Industries"),
Brink International BV ("Brink International"), and Brink BV ("Brink") entered
into Amendment No. 9 ("Amendment No. 9") to the Second Amended and Restated
Credit Agreement dated as of August 5, 1997 among AAS, Sportrack, Valley
Industries, Brink International, Brink, Bank One, Michigan, as Administrative
Agent and Documentation and Collateral Agent, and JPMorgan Chase Bank, as
Co-Administrative Agent and Syndication Agent.
Amendment No. 9 reset certain financial covenants for fiscal years
2001, 2002 and 2003 in accordance with revised forecasts and, after giving
effect thereto, AAS is in compliance with its existing credit agreement,
Amendment No. 9 also provided AAS with additional liquidity by adding a
conditional supplemental revolving loan facility of up to $10.0 million which is
available until March 31, 2003.
A copy of Amendment No. 9 is attached as Exhibit 10.7(I) and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
Number Description of Exhibits
10.1 Amendment No. 9 dated as of December 14, 2001 by and among
Advanced Accessory Systems, LLC, Sportrack, LLC, Valley
Industries, LLC, Brink International BV, Brink BV, the lenders
listed on the signature page thereto, Bank One, Michigan, as
Administrative Agent and Documentation and Collateral Agent,
and JPMorgan Chase Bank, as Co-Administrative Agent and
Syndication Agent.
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SIGNATURE
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.
ADVANCED ACCESSORY SYSTEMS, LLC
Dated: December 21, 2001 /s/ Barry Steele
---------------------------------------------
By: Barry Steele
Chief Accounting Officer and duly authorized
representative of the registrant
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EXHIBIT INDEX
Exhibit
Number Description of Exhibits
10.7(i) Amendment No. 9 dated as of December 14, 2001 by and among
Advanced Accessory Systems, LLC, Sportrack, LLC, Valley
Industries, LLC, Brink International BV, Brink BV, the lenders
listed on the signature page thereto, Bank One, Michigan, as
Administrative Agent and Documentation and Collateral Agent,
and JPMorgan Chase Bank, as Co-Administrative Agent and
Syndication Agent.