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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
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Date of Report (Date of earliest event reported): February 8, 2001
BLOUNT INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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Delaware 63-0780521
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification Number)
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4520 Executive Park Drive
Montgomery, Alabama 36116
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (334) 244-4000
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On February 8, 2001, Blount International, Inc., a Delaware
corporation ("Blount"), issued a press release reporting results for the
fourth quarter and for the year ended December 31, 2000. The press release
also announces that Blount has entered into an amendment to the
$500,000,000 Credit Agreement (the "Credit Agreement") dated as of August
19, 1999, among Blount, Blount, Inc., as Borrower, the lenders party
thereto, Lehman Brothers Inc., as Arranger, Lehman Commercial Paper Inc.,
as Syndication Agent, and Bank of America, N.A., as Administrative Agent,
to, in part, ease certain financial covenants of the Credit Agreement
through March 31, 2002. The amendment was entered into, in part, to avoid a
possible default under the leverage and interest coverage ratios covenants
of the Credit Agreement when financial statements were prepared for the
year ending December 31, 2000.
The press release issued by Blount on February 8, 2001, is attached
hereto as Exhibit 99.1 and is hereby incorporated by reference herein. The
amendment to the Credit Agreement is attached hereto as Exhibit 99.2 and is
hereby incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.1 Press Release dated February 8, 2001, of Blount
International, Inc.
99.2 Amendment No. 1 to the $500,000,000 Credit Agreement dated
as of August 19, 1999, among Blount International, Inc.,
Blount, Inc., as Borrower, the lenders party thereto,
Lehman Brothers Inc., as Arranger, Lehman Commercial Paper
Inc., as Syndication Agent, and Bank of America, N.A., as
Administrative Agent
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 hereunto duly authorized.
BLOUNT INTERNATIONAL, INC.
(Registrant)
Date: February 8, 2001 By: /s/ Richard H. Irving, III
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Richard H. Irving, III
Senior Vice President,
General Counsel and Secretary
EXHIBIT INDEX
Exhibit No. Description of the Exhibit
99.1 Press Release dated February 8, 2001, of Blount International,
Inc.
99.2 Amendment No. 1 to the $500,000,000 Credit Agreement dated as
of August 19, 1999, among Blount International, Inc., Blount,
Inc., as Borrower, the lenders party thereto, Lehman Brothers
Inc., as Arranger, Lehman Commercial Paper Inc., as
Syndication Agent, and Bank of America, N.A., as
Administrative Agent