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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):
NOVEMBER 21, 1995
AMRESCO, INC.
STATE OF DELAWARE 0-8630 59-1781257
(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
1845 WOODALL RODGERS FREEWAY
DALLAS, TEXAS 75201
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (214) 953-7700
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Location of Exhibit Index - Page 4
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ITEM 5. OTHER EVENTS.
AMRESCO, INC. issued the following press release on November 21, 1995,
filed hereunder in accordance with Rule 135(c) promulgated under the
Securities Act of 1933:
"DALLAS, TEXAS -- November 21, 1995 -- AMRESCO, INC. (Nasdaq: AMMB)
announced today that it has priced a private placement in Europe of
$45 million aggregate principal amount of its 8% Convertible Subordinated
Debentures due 2005. The Debentures will be redeemable, in whole only,
by AMRESCO after December 15, 1996, subject to certain conditions. The
Debentures will be convertible at the option of holders into shares of
AMRESCO's Common Stock at a conversion price of $12.50 per share, subject
to adjustment in certain events. The Debentures will be unsecured,
subordinated obligations of AMRESCO. The net proceeds from the offering,
aggregating approximately $43 million, will be used to reduce borrowings
under AMRESCO's Revolving Loan Agreement. It is anticipated that this
placement will close not later than November 28, 1995.
The Debentures (and the underlying common stock) will not be registered
under the Securities Act of 1933, as amended, at the time of closing and
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following documents are attached hereto as exhibits:
(a) Financial statements of businesses acquired -- not applicable.
(b) Pro forma financial information -- not applicable.
(c) Exhibits:
99.1 AMRESCO, INC. Press Release dated November 21, 1995
entitled "Amresco Announces Pricing of Convertible Debt
Placement."
2
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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.
Date: November 21, 1995 AMRESCO, INC.
By: /s/ L. Keith Blackwell
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Name: L. Keith Blackwell
Title: Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT SEQUENTIAL PAGE NO.
- ----------- ---------------------- -------------------
99.1 AMRESCO ANNOUNCES 5
PRICING OF CONVERTIBLE
DEBT PLACEMENT
4
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EXHIBIT 99.1
NEWS RELEASE
IMMEDIATE RELEASE CONTACTS: Tom Andrus
AMRESCO, INC.
(214) 953-7700
AMRESCO ANNOUNCES PRICING OF
CONVERTIBLE DEBT PLACEMENT
DALLAS, TEXAS -- November 21, 1995 -- AMRESCO, INC. (Nasdaq: AMMB)
announced today that it has priced a private placement in Europe of
$45 million aggregate principal amount of its 8% Convertible
Subordinated Debentures due 2005. The Debentures will be
redeemable, in whole only, by AMRESCO after December 15, 1996,
subject to certain conditions. The Debentures will be convertible
at the option of holders into shares of AMRESCO's Common Stock at a
conversion price of $12.50 per share, subject to adjustment in
certain events. The Debentures will be unsecured, subordinated
obligations of AMRESCO. The net proceeds from the offering,
aggregating approximately $43 million, will be used to reduce
borrowings under AMRESCO's Revolving Loan Agreement. It is
anticipated that this placement will close not later than November
28, 1995.
The Debentures (and the underlying common stock) will not be
registered under the Securities Act of 1933, as amended, at the time
of closing and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements.
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