SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8K
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 18, 2000
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ASHFORD.COM, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 0-27357 76-0617905
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3800 BUFFALO SPEEDWAY, SUITE 400, HOUSTON, TEXAS 77098
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (713) 369-1300
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(Former name or Former Address, if Changed Since Last Report.)
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ITEM 5. OTHER EVENTS.
On September 18, 2000, Ashford.com, Inc. (the Company) executed a
three-year, $25 million revolving credit facility with Congress Financial
Corporation, a unit of First Union National Bank. The credit facility is to be
used for working capital needs and is secured by the Company's assets.
Availability under the credit facility is determined pursuant to a borrowing
base as defined in the agreement. Amounts outstanding under the credit facility
bear interest at the prime rate or LIBOR plus 250 basis points, as elected by
the Company.
<PAGE>
ITEM 7. EXHIBITS.
(c) Exhibits:
EXHIBIT
NUMBER DESCRIPTION
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10.11+ Loan and Security Agreement by and among Congress
Financial Corporation (Southwest) as Lender and
Ashford.com, Inc., Ashford Buying Company, Ashford
Corporate Gifts, Inc., and Ashford-Jasmin
Fragrance Company
99.1 Text of Press Release dated July 27, 2000
99.2 Text of Press Release dated September 25, 2000
+ Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to this Loan
and Security Agreement have been omitted. Such exhibits will be submitted to the
Securities and Exchange Commission upon request.
<PAGE>
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 hereunto duly authorized.
ASHFORD.COM, INC.
Date: October 3, 2000 By: /s/ DAVID F. GOW
David F. Gow
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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10.11+ Loan and Security Agreement by and among Congress Financial
Corporation (Southwest) as Lender and Ashford.com, Inc., Ashford
Buying Company, Ashford Corporate Gifts, Inc., and
Ashford-Jasmin Fragrance Company
99.1 Text of Press Release dated July 27, 2000
99.2 Text of Press Release dated September 25, 2000
+ Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to this Loan and
Security Agreement have been omitted. Such exhibits will be submitted to the
Securities and Exchange Commission upon request.
