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UNITED STATES
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
November 21, 2000
(Date of earliest event reported)
THE RESORT AT SUMMERLIN, LIMITED PARTNERSHIP
THE RESORT AT SUMMERLIN, INC.
(Exact Name of Registrants as Specified in Their Charters)
NEVADA 333-49691 86-0857506
NEVADA 333-49691 86-0857505
(State of Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
1160 TOWN CENTER DRIVE, SUITE 200, LAS VEGAS, NV 89144
(Address of Principal Executive Offices)
(702) 869-7000
(Registrants' Telephone Number)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On November 21, 2000, The Resort at Summerlin, Limited
Partnership (the "Partnership") and The Resort at Summerlin, Inc. (the
"Company," together with the Partnership, the "Registrants") filed a voluntary
petition under the provisions of chapter 11 of the United States Bankruptcy Code
with the United States Bankruptcy Court (the "Court") for the District of Nevada
(Case No. BK-S-00-18878RCJ, jointly administered with Case No.
BK-S-00-18879RCJ). An interim order (the "Interim Order") authorizing (i)
post-petition financing (ii) use of cash collateral, and (iii) grant of adequate
protection of the Registrants, and scheduling a final hearing pursuant to the
United States Bankruptcy Rules was entered by the Bankruptcy Court on November
24, 2000. A final hearing to consider the entry of a final order was held on
December 5, 2000 at which the Court entered a final order with respect to the
use of cash collateral and grant of adequate protection of the Registrants. A
hearing to consider the entry of a final order with respect to post-petition
financing has been scheduled for December 18, 2000.
ITEM 7. EXHIBITS.
EXHIBIT NO.
4 December 31, 1997 Indenture*
10 December 30, 1997 Credit Agreement*
99 Interim Order dated November 24, 2000
* Filed on April 8, 1998 with the Registrants' Form S-4 Registration Statement
Under the Securities Act of 1933
FORWARD-LOOKING STATEMENTS
This Form 8-K contains certain "forward-looking statements" which
represent the Partnership's and the Company's expectations or beliefs,
including, but not limited to, statements concerning industry performance and
the Partnership's and the Company's operations, performance, financial
condition, plans, growth and strategies. Any statements contained in this Form
8-K which are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the foregoing,
words such as "may," "will," "expect," "anticipate," "intend," "could,"
"estimate" or "continue" or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking statements.
These statements by their nature involve substantial risks and uncertainties,
certain of which are beyond the Partnership's and the Company's control, and
actual results may differ materially depending on a variety of important factors
many of which are beyond the control of the Partnership and the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: December 8, 2000
THE RESORT AT SUMMERLIN, LIMITED PARTNERSHIP, a Nevada limited
partnership (Registrant)
By: THE RESORT AT SUMMERLIN, INC., its General Partner
By: /s/ Darrell Luery
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Darrell Luery
President and Chief Executive Officer (Principal
Executive Officer)
THE RESORT AT SUMMERLIN, INC., a Nevada corporation
(Registrant)
By: /s/ Darrell Luery
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Darrell Luery
President and Chief Executive Officer (Principal
Executive Officer)