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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): NOVEMBER 15, 2000
ETOYS INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-25709 95-4633006
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
12200 W. Olympic Blvd., Los Angeles, California 90064
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (310) 998-6000
3100 Ocean Park Blvd., Suite 300, Santa Monica, California 90405
(Former Name or Former Address, if Changed since Last Report)
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Item 5. Other Events.
On November 15, 2000, the Company entered into a
$40,000,000 secured revolving credit facility by and among the Company, eToys
Distribution, LLC, as Borrower, the lenders that are signatories therein, and
Foothill Capital Corporation, as Arranger and Administrative Agent. A copy
of the revolving credit facility is attached hereto as Exhibit 10.1 and is
incorporated herein by reference in its entirety. A copy of the press release
announcing the revolving credit facility is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
On November 15, 2000, the Company entered into an agreement
with the holders of its Series D Convertible Preferred Stock relating to,
among other things, the conversion of such preferred shares. A copy of the
agreement is attached hereto as Exhibit 10.2 and is incorporated herein by
reference in its entirety.
Item 7. Financial Statements, PRO FORMA Financial Information and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
EXHIBIT DESCRIPTION
10.1 Loan and Security Agreement, dated as of November 15, 2000, by and
among eToys Inc., eToys Distribution, LLC, as Borrower, the
lenders that are signatories therein, and Foothill Capital
Corporation, as Arranger and Administrative Agent.
10.2 Waiver and Agreement, dated as of November 15, 2000, by and among
eToys Inc. and the holders of the Series D Convertible Preferred
Stock.
99.1 Press Release.
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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.
eToys Inc.
(Registrant)
By:/s/ DAVID HADDAD
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Name: DAVID HADDAD
Title: Senior Vice President
of New Channels
Date: November 15, 2000
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EXHIBIT INDEX
Exhibit Description
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10.1 Loan and Security Agreement, dated as of November 15, 2000, by and
among eToys Inc., eToys Distribution, LLC, as Borrower, the
lenders that are signatories therein, and Foothill Capital
Corporation, as Arranger and Administrative Agent.
10.2 Waiver and Agreement, dated as of November 15, 2000, by and among
eToys Inc. and the holders of the Series D Convertible Preferred
Stock.
99.1 Press Release.
