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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
Date of Report - February 16, 1999
AmeriKing, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation or organization)
2215 Enterprise Drive, Suite 1502
Westchester, Illinois
(Address of principal executive offices)
36-3970707
(I.R.S. employer
identification no.)
60154
(Zip code)
Registrant's telephone number, including area code 708-947-2150
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition or Disposition of Assets
On February 16, 1999, Ameriking, Inc. (the "Company") successfully
completed the acquisition of 30 restaurants in Wisconsin and the Upper Peninsula
of Michigan from Silver Bullet Management Corporation for an aggregate purchase
price of approximately $24.3 million including transaction fees and acquisition
related expenditures. The acquisition was accounted for under the purchase
method of accounting and funding was provided under the Company's $45.0 million
Acquisition Credit Agreement (the "Credit Agreement"). The Credit Agreement was
entered into on December 24, 1998 with BankBoston and other lenders and matures
on June 30, 2002.
The acquisition was the twenty-first acquisition since the Company's
incorporation in September, 1994. As a result of the acquisition, the Company
currently operates 332 Burger King restaurants in Illinois, North Carolina,
Wisconsin, Ohio, Virginia, Indiana, Tennessee, Colorado, Kentucky, Texas,
Michigan and Georgia.
For the year ended December 31, 1998, the combined revenues of the 30
stores purchased totaled $30.5 million.
Item 3. Bankruptcy or Receivership
Not applicable
Item 4. Change in Registrant's Certifying Accountant
Not applicable
Item 5. Other Events
Not applicable
Item 6. Resignations of Registrant's Directors
Not applicable
Item 7. Financial Statements and Exhibits
Not applicable
Item 8. Change in Fiscal Year
Not applicable
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SIGNATURES
Pursuant to the requirements of the Securities Exchange of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Westchester, State of
Illinois.
Ameriking, Inc.
March 3, 1999 Lawrence E. Jaro
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Date Lawrence E. Jaro
Managing Owner, Chairman and
Chief Executive Office
March 3, 1999 Joel Asaeby
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Date Joel Asaeby
Chief Financial Officer and Corporate
Secretary (Principal Financial and
Accounting Officer)
