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) October 17, 1997
LILLY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 0-6953 35-0471010
- --------------------------------------------------------------------------------
(State or other jurisdiction) (Commission File Number) (IRS Employer
Identification No.)
733 South West Street 46225
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 687-6700
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events.
Pursuant to General Instruction F to Form 8-K, the press release issued
October 17, 1997, concerning the propose Rule 144-A $100 million Senior Notes
offering of Lilly Industries, Inc. is incorporated herein by reference and is
attached hereto as Exhibit 99.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 - Press Release dated October 17, 1997
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.
LILLY INDUSTRIES, INC.
By: /s/ John C. Elbin
---------------------------------------
John C. Elbin,
Vice President, Chief Financial Officer
and Secretary
-4-
[LILLY LOGO]
Lilly Industries, Inc.
[letterhead]
FOR IMMEDIATE RELEASE
LILLY INDUSTRIES, INC. ANNOUNCES OFFERING OF SENIOR NOTES
AND NEW BANK CREDIT FACILITY
Indianapolis, Indiana -- Oct. 17, 1997--Lilly Industries, Inc. ("Lilly" -
NYSE:LI) today announced that it intends to offer $100 million in ten year
Senior Unsecured Notes maturing 2007. In addition, the company is finalizing a
new five year $175 million unsecured bank revolving credit facility. The new
Senior Notes and bank facility will replace Lilly's existing $300 million
secured bank revolving and term credit agreement.
The Senior Notes offering will be made as a private placement with
registration rights pursuant to Rule 144A and Regulation S under the Securities
Act of 1933. The Senior Notes will not be registered under the Securities Act
upon initial issuance and may not be sold in the United States absent
registration or an exemption from registration. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy the Notes.
Net proceeds from the offering, together with borrowings under the new bank
credit facility, will be used to repay all outstanding debt under the company's
existing bank revolving and term credit agreement. These transactions will not
add incremental debt to Lilly's balance sheet.
Lilly ranks among the largest North American manufactures of industrial
coatings and specialty chemical products. Founded in 1865 in Indianapolis, Lilly
supplies customers worldwide from plants and sales offices in the United States,
Canada, Taiwan, China, Malaysia, the United Kingdom, Germany and Singapore.
CONTACT: Lilly Industries, Inc., Indianapolis
John E. Elbin, 317/687-6703
Page 1 of 1
