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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): February 23, 2000
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Crown Crafts, Inc.
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(Exact name of registrant as specified in its charter)
Georgia 1-7604 58-0678148
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1600 RiverEdge Parkway, Suite 200, Atlanta, Georgia 30328
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 644-6400
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Item 5. Other Events.
Crown Crafts, Inc. (the "Company") announced today that it has entered
into amendments (collectively, the "Amendments") to its credit agreements with
its lenders and has simultaneously obtained an additional $10.0 million
conditional loan commitment from its factor. The Amendments, among other things,
cure all of the Company's previously announced financial covenant defaults.
The description of the Amendments contained herein is qualified in its
entirety by reference to the terms of the Amendments, forms of which are
attached hereto as Exhibits 10.1, 10.2 and 10.3, respectively, and incorporated
herein by this reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits. The following is a list of the Exhibits attached
hereto:
Exhibit No. 10.1 Amendment No. 1 to Bank of America Revolving Credit
Agreement
Exhibit No. 10.2 Amendment No. 1 to Wachovia Bank Revolving Credit
Agreement
Exhibit No. 10.3 Waiver of The Prudential Insurance Company of
America
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CROWN CRAFTS, INC.
By: /s/ David S. Fraser
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Name: David S. Fraser
Title: Vice President, Chief Financial Officer
Dated: February 24, 2000