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): June 9, 1999
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Gristede's Sloan's, Inc.
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(Exact name of Registrant as specified in charter)
Delaware
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(State or other jurisdiction of incorporation)
1-7013 13-1829183
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(Commission File Number) (IRS Employer Identification No.)
823 Eleventh Avenue, New York, New York 10019-3535
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 212/956-5803
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Effective as of May 29, 1999 the Company amended its credit
facility with a group of banks pursuant to which, among other things, (a) the
revolving credit line portion of the facility was increased from $5,000,000 to
$14,000,000 subject to certain conditions, (b) the maturity dates of the
revolving credit line and term loan portions of the facility were each extended
to November 30, 2003, (c) the amortization schedule of the term loans under the
facility were modified, resulting in a reduction in the amount of principal
amortization over the next twelve months of approximately $2,100,000, (d)
certain financial covenants were modified and (e) the calculation of the
applicable margin for determining interest payable on outstanding loans was
modified.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibits.
99. Fifth Amendment to Loan Agreement dated as of May 29, 1999
between the Company and certain banks (filed herewith).
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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 hereunto duly authorized.
GRISTEDE'S SLOAN'S, INC.
Dated: June 15, 1999 By: /s/ John Catsimatidis
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John Catsimatidis
Chairman of the Board
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