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UNITED STATES 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
JUNE 28, 2001
Date of Report (Date of earliest event reported)
GREYHOUND LINES, INC.
and its Subsidiaries identified in Footnote (1) below
(Exact name of registrant as specified in its charter)
1-10841
(Commission file number)
DELAWARE 86-0572343
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
15110 N. DALLAS PARKWAY, SUITE 600
DALLAS, TEXAS 75248
(Address of principal executive offices) (Zip code)
(972) 789-7000
(Registrant's telephone number, including area code)
NONE
(Former name, former address and former fiscal year,
if changed since last report)
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CO-REGISTRANTS
This Form 8-K is also being filed by the following entities. Except as set forth
below, each entity has the same principal executive offices, zip code and
telephone number as that set forth for Greyhound Lines, Inc. on the cover of
this report:
I.R.S. EMPLOYER JURISDICTION
COMMISSION IDENTIFICATION OF
NAME FILE NO. NO. INCORP.
- ---- ---------- --------------- ------------
Atlantic Greyhound Lines of Virginia, Inc. 333-27267-01 58-0869571 Virginia
GLI Holding Company 333-27267-04 75-2146309 Delaware
Greyhound de Mexico, S.A. de C.V. 333-27267-05 None Republic of
Mexico
Sistema Internacional de Transporte de Autobuses, Inc. 333-27267-08 75-2548617 Delaware
Texas, New Mexico & Oklahoma Coaches, Inc. 333-27267-10 75-0605295 Delaware
1313 13th Street
Lubbock, Texas 79408
(806) 763-5389
T.N.M. & O. Tours, Inc. 333-27267-11 75-1188694 Texas
(Same as Texas, New Mexico & Oklahoma Coaches, Inc.)
Vermont Transit Co., Inc. 333-27267-12 03-0164980 Vermont
345 Pine Street
Burlington, Vermont 05401
(802) 862-9671
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GREYHOUND LINES, INC. AND SUBSIDIARIES
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On June 28, 2001, as part of a financial restructuring, Laidlaw USA,
Inc., Laidlaw Inc., Laidlaw International Finance Corporation, Laidlaw
Investments Ltd., Laidlaw One, Inc. and Laidlaw Transportation, Inc. filed
voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy
Code in the United States Bankruptcy Court for the Western District of New York,
under a jointly administered case captioned, In re: Laidlaw USA, Inc., et al,
Case No. 01-14099. On that date, Laidlaw Inc. and Laidlaw Investments Ltd. also
filed cases under the Canada Companies' Creditors Arrangement Act in the Ontario
Superior Court of Justice in Toronto, Canada, court file no. 01-CL-4178.
Additional information regarding the filings can be obtained on the Internet at
www.Laidlaw.com.
Laidlaw Inc. ("Laidlaw") is the ultimate parent company of Greyhound
Lines, Inc. Neither Greyhound Lines, Inc., nor any of its subsidiaries (the
"Company" or "Greyhound") were included in, or made a party to, these
reorganization filings and proceedings.
In August 2000, Laidlaw requested and authorized Greyhound to seek
funding from outside sources to satisfy the Company's seasonal cash requirements
and capital expenditure programs. On October 24, 2000, the Company entered into
a two-year, $125 million revolving credit facility to fund its working capital
and near-term capital expenditure needs. With the closure of this agreement
Greyhound became independent of Laidlaw for financing purposes.
The reorganization filings and proceedings do not cause a cross default
with any of the Company's debt which would place the Company's debt in default
with its financial institutions and, as of the date of this report, the Company
is in compliance with all covenants in its various debt agreements. Although the
outcome of the foregoing matters is uncertain, management believes that the
likely outcome will have no material impact on the Company's financial position,
cash flows or results of operations.
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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 thereunto duly authorized.
Date: June 28, 2001
GREYHOUND LINES, INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President and
Chief Financial Officer
ATLANTIC GREYHOUND LINES OF
VIRGINIA, INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
GLI HOLDING COMPANY
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
GREYHOUND de MEXICO, S.A. de C.V.
By: /s/ Cheryl W. Farmer
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Cheryl W. Farmer
Examiner
SISTEMA INTERNACIONAL de TRANSPORTE
de AUTOBUSES, INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
TEXAS, NEW MEXICO & OKLAHOMA
COACHES, INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
T.N.M. & O. TOURS, INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
VERMONT TRANSIT CO., INC.
By: /s/ Jeffrey W. Sanders
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Jeffrey W. Sanders
Senior Vice President
and Chief Financial Officer
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