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 10, 1997
LILLY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 0-6953 35-0471010
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(State or other jurisdiction) (Commission File Number) (IRS Employer
Identification No.)
733 South West Street 46225
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 687-6700
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Item 5. Other Events.
Pursuant to General Instruction F to Form 8-K, the press release issued
November 10, 1997, concerning the pricing and closing of the Rule 144A $100
million Senior Notes offering and the closing of the $175 million unsecured bank
revolving debt facility 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 November 10, 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
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John C. Elbin,
Vice President, Chief Financial Officer
and Secretary
[LILLY LOGO]
Lilly Industries, Inc.
[letterhead]
Subject: Lilly Industries, Inc. Completes Sale of November 10, 1997
$100 Million Senior Unsecured Notes and
Closing of New $175 Million Unsecured
Bank Revolving Credit Facility
Press Contact: John C. Elbin, Vice President and CFO
(3317) 687-6703
FOR IMMEDIATE RELEASE
LILLY INDUSTRIES, INC. COMPLETES OFFERING OF
$100 MILLION SENIOR UNSECURED NOTES AND CLOSES
NEW $175 MILLION UNSECURED BANK
REVOLVING CREDIT FACILITY
Indianapolis, Indiana--Lilly Industries, Inc. ("Lilly" - NYSE: LI) announced
today that it has completed the sale of $100 million 7 3/4% ten-year Senior
Unsecured Notes due December 1, 2007. The Notes were sold at 99.2% of their
principal amount to yield 7.87%.
Lilly also announced the closing of a new five year $175 million unsecured bank
revolving credit facility. Net proceeds from the Senior Notes offering, together
with borrowings under the new bank revolving credit facility, were used to repay
all outstanding debt, which was incurred under Lilly's prior $300 million
secured bank revolving and term credit agreement.
The Senior Note offering was 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.
Lilly ranks among the largest North American manufacturers of industrial
coatings and speciality chemical products. Founded in 1865 in Indianapolis,
Lilly supplies customers worldwide from plants and sales offices in the United
States, Canada, Taiwan, the United Kingdom, Germany, Malaysia, China, Ireland
and Singapore.
Released at 11:00 AM Eastern Standard Time.
