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) December 19, 2000 (December 18, 2000)
-------------------------------------
ATLANTIC EXPRESS TRANSPORTATION CORP.
--------------------------------------------------------------------------------
(Exact name of Registrant as specified in charter)
New York 0-24247 13-3923467
------------------------- ------------ ------------------
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
7 North Street, Staten Island, New York 10302
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (718) 442-7000
--------------
<PAGE>
Item 5. Other Events
On December 18, 2000, Atlantic Express Transportation Corp. (the
"Company), announced the successful completion of the solicitation of the
consent of the holders of the majority of the principal amount of the its
outstanding 10 3/4% Senior Secured Notes due 2004 ("Notes") in connection with
proposed amendments to the Indenture governing the Notes. The solicitation of
consents was made pursuant to the Company's offer to purchase and consent
solicitation statement, dated November 23, 2000 and related consent and letter
of transmittal.
Under the terms of the consent solicitation: (i) the solicitation consents
have terminated as of 5 p.m. New York City time on December 18, 2000, (ii) the
consents may no longer be revoked; and (iii) the holders who have not fully
delivered their consents will not be entitled to receive the consent payment as
defined in the offer to purchase and consent solicitation statement.
The Company's offer to purchase up to $30,000,000 aggregate principal
amount of its outstanding Notes for $1,000 in cash per $1,000 face amount of the
Notes, plus interest at per annum rate of 10 3/4% from and including August 21,
2000, remains open under its original terms. The offer to purchase and
withdrawal rights will expire at 5 p.m. New York City time on December 21, 2000,
unless extended by the Company.
The terms of the offer by the Company to purchase the Notes and the
related consent solicitations is briefly summarized in this Form 8-K - for a
more detailed description of the offer by the Company to purchase the Notes see
the form of our press release attached hereto as Exhibit 99.1, dated December
18, 2000, and our Form 8-K, dated November 27, 2000, which is incorporated by
reference to this Form 8-K.
2
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press release of Atlantic Express Transportation Corp. dated
December 18, 2000
3
<PAGE>
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.
ATLANTIC EXPRESS TRANSPORTATION CORP.
December 19, 2000 By: \s\ Nathan Schlenker
---------------------------------
Nathan Schlenker, CFO
4
