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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
Date of Report (Date of earliest event reported) August 20, 2001
Mazel Stores, Inc.
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(Exact name of registrant as specified in its charter)
OHIO 0-21597 34-1830097
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
31000 Aurora Road, Solon, Ohio 44139
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(Address of principal executive offices) (Zip Code)
(440) 248-5200
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Registrant's telephone number, including area code
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Item 5. Other Events
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On August 21, 2001, Mazel Stores, Inc., an Ohio corporation (the "Company"),
closed on a $70 million, three-year, senior revolving credit facility with IBJ
Whitehall Retail Finance. Under the new credit facility, the Company also
borrowed $8 million through a Tranche B loan with Wingate Capital, Ltd. and $1
million through a Tranche C loan with The Provident Bank and National City Bank.
The credit facility is governed by the provisions of a Loan and Security
Agreement for Senior Secured Credit Facility, dated August 20, 2001, by and
among IBJ Whitehall Retail Finance, as a Tranche A Lender and Administrative
Agent and Collateral Agent for the Lenders referenced therein, Wingate Capital
Ltd., The Provident Bank, National City Bank, and Mazel Stores, Inc. and its
subsidiaries, as Borrowers, a copy of which is filed as Exhibit 10.1 hereto and
incorporated herein by this reference.
Item 7. Exhibits
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See Exhibit Index on page 3 of this report.
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 thereto duly authorized.
Mazel Stores, Inc.
(Registrant)
Date: August 30, 2001 By: /s/ Peter J. Hayes
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Name: Peter J. Hayes
Title: Chief Executive Officer
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Exhibit Index
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Exhibit No. Description
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4.1 Loan and Security Agreement for Senior Secured Credit Facility, dated
August 21, 2001, by and among IBJ Whitehall Retail Finance, a Division of
IBJ Whitehall Business Credit Corporation, as a Tranche A Lender and
Administrative Agent and Collateral Agent for the Lenders referenced
therein, Wingate Capital Ltd., as the Tranche B Lender, The Provident Bank
and National City Bank, each a Tranche C Lender, Mazel Stores, Inc., as
Lead Borrower and Odd-Job Acquisition Corp., Odd Job Trading Corp., ZS
Peddler's Mart, Inc., and HIA Trading Associates as Borrowers.
4.2 Tranche C Warrant Agreement, dated August 21, 2001, by and among Mazel
Stores, Inc., The Provident Bank, and National City Bank.
99.1 Press Release, dated August 22, 2001