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 (Date of earliest event reported): August 21, 2000
VOLT INFORMATION SCIENCES, INC
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(Exact Name of Registrant as Specified in Its Charter)
New York 1-9232 13-5658129
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
560 Lexington Avenue, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 704-2400
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
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On August 21, 2000, the Company issued a press release
reporting that it had closed a syndicated $72,500,000, one-year, unsecured,
revolving credit facility. The Chase Manhattan Bank ("Chase"), as Administrative
Agent, and Fleet Bank ("Fleet"), as Co-Agent arranged the credit facility. In
addition to Chase and Fleet, the syndicate includes Bank of America, Wells Fargo
Bank, Mellon Bank, and Lloyds TSB Bank. The new line replaces a $25 million,
one-year facility. As part of the agreement, an existing, three-year facility,
which terminates in January 2002, was reduced to $72.5 million from $75 million.
The new facility increases the Company's existing $100 million revolving lines
of credit to $145 million, and provides additional working capital for the
Company. A copy of the press release is attached to this Report as Exhibit
99.01.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial statements of business acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
99.01 Volt Information Sciences, Inc. Press Release dated
August 21, 2000.
S I G N A T U R E
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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.
VOLT INFORMATION SCIENCES, INC.
Date: August 23, 2000 By:/s/ James J. Groberg
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James J. Groberg, Senior Vice President
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EXHIBIT INDEX
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Exhibit
Number Description
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99.01 Volt Information Sciences, Inc. Press Release dated August 21, 2000.
