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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): SEPTEMBER 22, 1997
MEGO MORTGAGE CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
0-21689 88-0286042
(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
MEGO MORTGAGE CORPORATION
1000 PARKWOOD CIRCLE, SUITE 500
ATLANTA, GEORGIA 30339
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (770) 952-6700
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ITEM 5. OTHER EVENTS
This Form 8-K is being filed pursuant to Rule 135c(d) of the
Securities Act of 1933, as amended, with respect to the press
release issued by Mego Mortgage Corporation on September 22,
1997, a copy of which is being filed as exhibit 99 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits
99.1 Press Release of the Company dated September 22, 1997.
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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.
MEGO MORTGAGE CORPORATION
Date: October 14, 1997 By:/s/JAMES L. BELTER
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James L. Belter
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
99.1 Press release of the Company dated September 22, 1997.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
MEGO MORTGAGE CORPORATION ANNOUNCES PROPOSED PRIVATE
PLACEMENT OF 12-1/2% SENIOR SUBORDINATED NOTES DUE 2001
Atlanta, Georgia...September 22, 1997 - Mego Mortgage Corporation
(Nasdaq: MMGC) today announced that it proposes to make a private placement of
$40.0 million principal amount of its 12-1/2% Senior Subordinated Notes due
2001. The Company expects to commence the offering immediately. The Company
proposes to use the net proceeds of the offering to provide capital to originate
and securitize loans, to repay indebtedness to the Company's former parent
corporation, Mego Financial Corp. (Nasdaq: MEGO), and to pay down amounts
outstanding under the Company's lines of credit. Offers will be made only by
means of an offering memorandum. The offered Notes will not be registered under
the Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from such registration.
Consummation of the offering is contingent upon the receipt of consents from
holders of a majority in principal amount of the Company's outstanding 12-1/2%
Senior Subordinated Notes due 2001 to amendments to the related indenture.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. SUCH FORWARD-LOOKING
STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS WHICH
MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE
MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. FOR MORE COMPLETE
INFORMATION CONCERNING FACTORS WHICH COULD AFFECT THE COMPANY'S RESULTS,
REFERENCE IS MADE TO THE COMPANY'S REGISTRATION STATEMENTS, REPORTS AND OTHER
DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
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