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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): November 17, 1995
UNION TEXAS PETROLEUM HOLDINGS, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-9019 76-0040040
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
1330 Post Oak Boulevard, Houston, Texas 77056
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 623-6544
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Item 5. OTHER EVENTS.
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The information set forth in the press releases of the registrant
dated October 24, 1995, and November 16, 1995, each of which is filed as an
exhibit hereto, is incorporated herein by reference.
The following subsidiaries of Union Texas Petroleum Holdings, Inc.
(the "Company") have been discharged and released from their guarantee
obligations under the Company's three unsecured credit facilities: Union Texas
East Kalimantan Limited, Union Texas Petroleum Energy Corporation, Union Texas
International Corporation, Union Texas Products Corporation, and Unistar, Inc.
(the "Guarantors"). Accordingly, such Guarantors have also been discharged and
released from their guarantee obligations with respect to the Company's
obligations under its outstanding 8.25% Senior Notes due 1999, 8 3/8% Senior
Notes due 2005 and 8 1/2% Notes due 2007.
The Company has filed with the Securities and Exchange Commission a
shelf registration statement covering up to $100 million aggregate principal
amount of debt securities. The Company intends to use the net proceeds from
sales of such securities for general corporate purposes, which may include
repayment of outstanding indebtedness. In connection with the shelf
registration, the Company has commenced an ongoing $100 million medium-term
notes ("MTNs") program to which the Company may from time to time issue notes
with maturities from nine months to thirty years or more from the date of issue
and on terms to be determined at the time of sale. On November 17, 1995, the
Company issued $30 million aggregate principal amount of seven-year senior MTNs
bearing interest at 6.7% per annum under the shelf registration statement.
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Item 7. Financial Statements and Exhibits.
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(c) Exhibits:
Number Description
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4.1 Supplement dated November 7, 1995 to Indenture dated as of
November 15, 1992, for 8.25% Senior Notes due 1999, between
Union Texas Petroleum Holdings, Inc., the Subsidiaries named
therein and State Street Bank and Trust Company.
4.2 Supplement dated November 7, 1995 to Indenture dated as of
March 15, 1995, for Senior Debt Securities between Union Texas
Petroleum Holdings, Inc., the Subsidiaries named therein and
The First National Bank of Chicago.
10.1 Fifth Amendment Agreement dated as of November 3, 1995, to
the Amended and Restated Credit Agreement dated as of May 13,
1994, as amended, among Union Texas Petroleum Holdings, Inc.,
the Banks and Co- Agents listed therein, and NationsBank of
Texas, N.A., as Agent.
10.2 Second Amendment Agreement dated as of November 3, 1995, to
the Credit Agreement dated as of April 24, 1995, as amended,
among Union Texas Petroleum Holdings, Inc., the Banks and
Co-Agents listed therein, and NationsBank of Texas, N.A., as
Agent.
10.3 First Amendment Agreement dated as of November 3, 1995, to the
Credit Agreement dated as of June 30, 1995, among Union Texas
Petroleum Holdings, Inc., the Co-Agents listed therein and
NationsBank of Texas, N.A., as Agent.
99.1 Press Release dated October 24, 1995.
99.2 Press Release dated November 16, 1995.
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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.
UNION TEXAS PETROLEUM
HOLDINGS, INC.
By: /s/ Newton W. Wilson, III
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Newton W. Wilson, III
General Counsel,
Vice President-Administration
and Secretary
Date: November 17, 1995
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INDEX TO EXHIBITS
Number Description
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4.1 Supplement dated November 7, 1995 to Indenture dated as of
November 15, 1992, for 8.25% Senior Notes due 1999,
between Union Texas Petroleum Holdings, Inc., the
Subsidiaries named therein and State Street Bank and Trust
Company.
4.2 Supplement dated November 7, 1995 to Indenture dated as of
March 15, 1995, for Senior Debt Securities between Union
Texas Petroleum Holdings, Inc., the Subsidiaries named
therein and The First National Bank of Chicago.
10.1 Fifth Amendment Agreement dated as of November 3, 1995, to
the Amended and Restated Credit Agreement dated as of May
13, 1994, as amended, among Union Texas Petroleum
Holdings, Inc., the Banks and Co-Agents listed therein,
and NationsBank of Texas, N.A., as Agent.
10.2 Second Amendment Agreement dated as of November 3, 1995,
to the Credit Agreement dated as of April 24, 1995, as
amended, among Union Texas Petroleum Holdings, Inc., the
Banks and Co-Agents listed therein, and NationsBank of
Texas, N.A., as Agent.
10.3 First Amendment Agreement dated as of November 3, 1995, to
the Credit Agreement dated as of June 30, 1995 among Union
Texas Petroleum Holdings, Inc., the Co-Agents listed
therein and NationsBank of Texas, N.A., as Agent.
99.1 Press Release dated October 24, 1995.
99.2 Press Release dated November 16, 1995.