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UNITED STATES
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: November 21, 2000
THE DIAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
<TABLE>
<S> <C>
DELAWARE 51-0374887
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
15501 NORTH DIAL BOULEVARD
SCOTTSDALE, ARIZONA 85260-1619
(Address of Principal Executive Offices) (Zip Code)
</TABLE>
Registrant's Telephone Number, Including Area Code (480) 754-3425.
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ITEM 5. OTHER EVENTS.
On November 21, 2000, the lenders under Dial's $450 million credit facility
agreed to amend the covenant requiring a maximum ratio of 3 to 1 for funded debt
to EBITDA. The following table reflects the maximum ratio of funded debt to
EBITDA now permitted under Dial's credit facility.
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<CAPTION>
Date Maximum Ratio
---- -------------
<S> <C>
September 30, 2000 and prior 3.00 to 1.00
December 31, 2000 3.50 to 1.00
March 31, 2001 3.50 to 1.00
June 30, 2001 3.25 to 1.00
Thereafter 3.00 to 1.00
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As a result, Dial now believes that it will be in compliance with all covenants
under the credit facility at December 31, 2000.
SIGNATURE
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 thereunto duly authorized.
THE DIAL CORPORATION
November 21, 2000
/s/ Conrad A. Conrad
Conrad A. Conrad
Senior Vice President and Chief Financial Officer
