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): December 3, 1999
TULTEX CORPORATION
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(Exact name of registrant as specified in its charter)
Virginia 1-8016 54-0367896
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(State or other jurisdiction Commission File IRS Employer
of incorporation) Number Identification No.
101 Commonwealth Boulevard, P. O. Box 5191, Martinsville, Virginia 24115
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 540-632-2961
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ITEM 3 (a). BANKRUPTCY OR RECEIVERSHIP.
On December 3, 1999, the Company filed voluntary petitions to reorganize under
Chapter 11 of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the
Western District of Virginia, Lynchburg Division, Case # 99-03626 under Judge
Anderson and U.S. Trustee, James Cosby.
On December 3, 1999, the Bankruptcy Court approved the Company's request for
interim use of a $150 million debtor-in-possession financing led by Bank of
America. The Court also approved various other "first day orders", including
authorization to retain various professionals to assist in the reorganization;
to pay certain pre-petition employee wages, salaries and related items; to pay
certain pre-petition customer obligations; to pay certain pre-petition claims of
foreign creditors and certain critical vendors; and to close certain stores,
which will result in conducting store closing sales and rejecting certain real
property leases.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit 99.1 - Press release dated December 3, 1999
pertaining to filing of voluntary
reorganization under Chapter 11.
2
Exhibit 99.2 - Press release dated December 7, 1999
pertaining to interim financing and
first day orders.
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.
Date: December 8, 1999
TULTEX CORPORATION
(Registrant)
By: /s/ P.W. Harris
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P. Woolard Harris
Vice President and Chief Financial Officer