UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25 Commission File Number 0-8630
NOTIFICATION OF LATE FILING
(CHECK ONE): [X] Form 10-K [] Form 20-F [] Form 11-K [] Form
10-Q
[] Form N-SAR
For Period Ended: December 31, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
[ ] For the Transition Period Ended:
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE
COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing
checked above, identify the Item(s) to which the
notification relates:
PART I - REGISTRANT INFORMATION
AMRESCO, INC.
Full Name of Registrant
Former Name if Applicable
700 N. Pearl Street, Suite 1900, LB 342
Address of Principal Executive Office (Street and Number)
Dallas, TX 75201-7424
City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks
relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III
of this form could not
be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K or Form N-
SAR, or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date; or
the subject quarterly report of transition report on Form 10-
Q, or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K,
20-F, 11-K, 10-Q, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time
period. (ATTACH EXTRA SHEETS IF NEEDED)
The Company was in the process of renegotiating its Credit
Agreement (the "Credit Agreement") with a syndicate of
lenders led by Bank of America, N.A. The Company received
official approval by Bank of America on March 30, 2000 at
approximately 4:15 Central Standard Time that the Credit
Agreement was amended and restated. The amended and
restated Credit Agreement provides the Company with a
revolving commitment of $75.0 million through May 31, 2000
and $55.0 million thereafter to maturity on August 15, 2000.
The Company immediately attempted to transmit its filing
with the Commission in a timely manner; however, the Company
was not able to receive confirmation on March 30, 2000 that
the Company's transmission was successfully filed.
The Company received confirmation on March 31, 2000 that its
filing of Form 10-K was received at approximately 8:29 a.m.
Eastern Standard Time.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification.
Ron B. Kirkland (214) 953-7838
(2) Have all other periodic reports required under Section
13 or 15(d) of the Securities
Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such
report(s) has been filed? If the answer is no, identify
report(s).
[X] Yes [] No
(3) Is it anticipated that any significant change in
results of operations from the
corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the
subject report or portion thereof?
[] Yes [X] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.
AMRESCO, INC.
Name of Registrant as Specified in Charter
AMRESCO, INC.
has caused this notification to be signed on its behalf by
the undersigned hereunto duly authorized:
Date: March 31, 2000 By: /s/ Ron Kirkland
Senior Vice President and
Chief Accounting Officer
