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 28, 2002
DELCO REMY INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13683 35-1909253
(State or other jurisdiction of (Commission file number) (IRS employer identification
incorporation) number)
2902 Enterprise Drive
Anderson, Indiana 46013
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (765) 778-6499
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events
On June 28, 2002, Delco Remy International, Inc. and certain of its subsidiaries
entered into a Loan and Security Agreement (the "Loan Agreement") with Congress
Financial Corporation (Central) ("Congress"), as Administrative Agent and US
Collateral Agent, Wachovia Bank, National Association ("Wachovia"), as
Documentation Agent and the other financial institutions named in the Loan
Agreement. The Loan Agreement provides for a $250 million secured, asset based,
revolving credit facility with a syndicate of banks, led by Wachovia and
Congress. This facility replaces the Company's existing secured revolving credit
facility of $200 million, which was due to expire on March 31, 2003. The Loan
Agreement is filed as an exhibit to this report and is incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
99.1 Press release issued by Delco Remy International, Inc. on
June 28, 2002
99.2 Loan and Security Agreement by and among Delco Remy
International, Inc. and certain Subsidiaries of Delco Remy
International, Inc. named therein as Borrowers, Congress
Financial Corporation (Central), as Administrative Agent and
US Collateral Agent, Wachovia Bank, National Association as
Documentation Agent and the Financial Institutions named
therein dated June 28, 2002
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.
DELCO REMY INTERNATIONAL, INC.
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(Registrant)
Date: July 3, 2002 By: /s/ Rajesh K. Shah
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Rajesh K. Shah
Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
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Exhibit Number Description
- ------------- -----------
99.1 Press release issued by Delco Remy International, Inc.
on June 28, 2002
99.2 Loan and Security Agreement by and among Delco Remy
International, Inc. and certain Subsidiaries of Delco
Remy International, Inc. named therein as Borrowers,
Congress Financial Corporation (Central), as
Administrative Agent and US Collateral Agent, Wachovia
Bank, National Association as Documentation Agent and
the Financial Institutions named therein dated June 28,
2002