UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): September 15, 2004
PERFORMANCE FOOD GROUP COMPANY
Tennessee | 0-22192 | 54-0402940 | ||
(State or Other Jurisdiction of | (Commission | (I.R.S. Employer | ||
Incorporation) | File Number) | Identification No.) |
12500 West Creek Parkway | ||
Richmond, Virginia | 23238 | |
(Address of Principal Executive Offices) | (Zip Code) |
(804) 484-7700
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On September 15, 2004, Performance Food Group Company, a Tennessee corporation (the Company) entered into an amendment (the First Amendment to Credit Agreement) to the Companys Amended and Restated Credit Agreement dated April 28, 2003 (the Credit Agreement) by and among the Company, as borrower, the lenders party thereto, Wachovia Bank, National Association, as administrative agent for the lenders thereunder and Bank of America, N.A. and SunTrust Bank as documentation agents (the Credit Agreement).
The First Amendment to Credit Agreement amends the Credit Agreement, among other things, to (i) permit the Companys redemption of its $201,250,000 principal amount 5 1/2% Convertible Subordinated Notes due October 16, 2008 (the Notes) during the period from September 15, 2004 until December 31, 2004; and (ii) modify the financial covenants related to the ratio required to be maintained by the Company of the Companys Senior Debt (as defined in the Credit Agreement) to EBITDAR (as defined in the Credit Agreement).
Item 7.01. Regulation FD Disclosure.
On September 16, 2004, the Company issued the press release attached hereto as Exhibit 99.1 announcing the Companys intention to explore its strategic alternatives with respect to its fresh-cut produce business.
On September 17, 2004, the Company issued the press release attached hereto as Exhibit 99.2 announcing that it had provided notice to the registered holders of the Notes that it would redeem the Notes in full on October 18, 2004 (the Redemption Date) by paying to the registered holders of the Notes the redemption price of 103.1429% of the $201,250,000 principal amount of the Notes plus accrued but unpaid interest to the Redemption Date. The Company expects to fund the redemption of the Notes with borrowings under the Credit Agreement, as amended.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
10.1
|
First Amendment to Amended and Restated Credit Agreement, dated as of September 15, 2004, by and among Performance Food Group Company, the Lenders a party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. | |
99.1
|
Press Release of Performance Food Group Company dated September 16, 2004. | |
99.2
|
Press Release of Performance Food Group Company dated September 17, 2004. |
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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.
PERFORMANCE FOOD GROUP COMPANY |
||||
By: | /s/ John D. Austin | |||
John D. Austin | ||||
Date: September 17, 2004 | Senior Vice President and Chief Financial Officer |
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EXHIBIT INDEX
10.1
|
First Amendment to Amended and Restated Credit Agreement, dated as of September 15, 2004, by and among Performance Food Group Company, the Lenders a party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. | |
99.1
|
Press Release of Performance Food Group Company dated September 16, 2004. | |
99.2
|
Press Release of Performance Food Group Company dated September 17, 2004. |
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