<PAGE> 1
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):
December 15, 2000
THE ACKERLEY GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-10321 91-1043807
---------------------- -----------------------
(Commission File Number) IRS Employer Identification No.
1301 Fifth Avenue, Suite 4000
Seattle, Washington 98101
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (206) 624-2888
<PAGE> 2
ITEM 9. REGULATION FD DISCLOSURE.
As of December 15, 2000, we entered into a Sixth Amendment to our Credit
Agreement dated January 22, 1999 with our senior bank lenders. In general, the
Amendment waives, for the period December 15, 2000 to March 15, 2001, our
compliance with the leverage ratio, senior leverage ratio, and interest coverage
ratios contained in the Credit Agreement. During the waiver period, the
applicable margin percentage for our base rate loans increases from 2.225% to
2.500% and the applicable margin percentage for our LIBOR loans increases from
3.250% to 3.500%.
2
<PAGE> 3
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.
Dated: December 21, 2000
THE ACKERLEY GROUP, INC.
By: /s/ Kevin E. Hylton
----------------------------------
Kevin E. Hylton
Senior Vice President, CFO,
Controller and Assistant Secretary
3
