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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): January 10, 1994
MAXUS ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-8567-2 75-1891531
(Commission File Number) (I.R.S. Employer
Identification No.)
717 North Harwood Street, Dallas, Texas 75201-6594
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (214) 953-2000
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ITEM 5. OTHER INFORMATION
The Registrant has entered into a Terms Agreement dated January 10, 1994
with CS First Boston Corporation (the "Underwriter") with respect to the issue
and sale by the Registrant of $60,000,000 aggregate principal amount of the
Registrant's 9 3/8% Notes Due 2003, Series B (the "Notes") providing for the
purchase of the Notes by the Underwriter. The Notes are to be issued pursuant
to an Indenture dated as of November 1, 1990 between the Registrant and Chemical
Bank, as Trustee.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS
Inapplicable.
(b) EXHIBITS
1 - Terms Agreement dated January 10, 1994 between the
Registrant and CS First Boston Corporation.
4 - Officers' Certificate dated January 18, 1994 establishing a
series of debt securities ($60,000,000 9 3/8% Notes Due
2003, Series B) to be issued under an Indenture dated as of
November 1, 1990 between the Registrant and Chemical Bank,
as Trustee.
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SIGNATURE
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 thereunto duly authorized.
MAXUS ENERGY CORPORATION
By: G. R. Brown
-----------------------------------
G. R. Brown
Vice President and Controller
Dated: January 21, 1994
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EXHIBIT INDEX
Exhibit
Number Exhibit
------- -------
1 Terms Agreement dated January 10, 1994 between the
Registrant and CS First Boston Corporation.
4 Officers' Certificate dated January 18, 1994 establishing a
series of debt securities ($60,000,000 9 3/8% Notes Due
2003, Series B) to be issued under an Indenture dated as of
November 1, 1990 between the Registrant and Chemical Bank,
as Trustee.
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EX-1
TERMS AGREEMENT
January 10, 1994
MAXUS ENERGY CORPORATION
717 North Harwood Street
Dallas, Texas 75201-6594
Attention: David A. Wadsworth
Dear Sirs:
We offer to purchase, on and subject to the terms and conditions of
the Underwriting Agreement Basic Provisions filed as an exhibit to the Company's
registration statement on Form S-3 (No. 33-61350) (the "Underwriting Agreement
Basic Provisions"), the following securities (the "Securities") on the following
terms:
TITLE: 9 3/8% Notes Due 2003, Series B
PRINCIPAL AMOUNT: $60,000,000
INTEREST: 9 3/8% per annum, from January 18, 1994, payable
semiannually on November 1 and May 1, commencing May 1, 1994, to holders of
record on the preceding October 15 or April 15, as the case may be
MATURITY: November 1, 2003
OPTIONAL REDEMPTION: None
SINKING FUND: None
DELAYED DELIVERY CONTRACTS: None
PURCHASE PRICE: 98.25% of principal amount, plus accrued interest, if
any, from January 18, 1994
EXPECTED REOFFERING PRICE: 100% of principal amount, subject to
change by the undersigned
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CLOSING: 10 A.M. on January 18, 1994 at the office of Simpson Thacher
& Bartlett, 425 Lexington Avenue, New York, New York, in New York Clearing House
(next day) funds
FORM OF SECURITIES: Notes to be issued in the form of one or more
global securities registered in the name of The Depository Trust Company or its
nominee (the "Depositary"); delivery of the Securities at closing will be made
through the facilities of the Depositary
ADDRESS FOR NOTICES TO UNDERWRITER: CS First Boston Corporation, Park
Avenue Plaza, 55 East 52nd Street, New York, New York 10055
The provisions of the Underwriting Agreement Basic Provisions are
incorporated herein by reference, except that the letter of Price Waterhouse to
be delivered on or prior to the date hereof pursuant to subsection 5(a) of the
Underwriting Agreement Basic Provisions shall not be required, and the matters
to have been set forth in such letter shall instead be included in the letter of
Price Waterhouse dated the Closing Date (as defined in the Underwriting
Agreement Basic Provisions) and delivered pursuant to subsection 5(h) of the
Underwriting Agreement Basic Provisions, which letter must be satisfactory in
form and substance to the Underwriter. The opinion to be delivered pursuant to
subsection 5(c) of the Underwriting Agreement Basic Provisions shall be
delivered by David A. Wadsworth, Associate General Counsel for the Company and
the opinion to be delivered pursuant to subsection 5(f) of the Underwriting
Agreement Basic Provisions shall be delivered by Simpson Thacher & Bartlett,
counsel for the Underwriters.
Please signify your acceptance of our offer by signing the enclosed
response to us in the space provided and returning it to us.
Very truly yours,
CS FIRST BOSTON CORPORATION
By: ________________________________
Michael C. Johnson
Managing Director
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To: CS First Boston Corporation
Park Avenue Plaza
55 East 52nd Street
New York, New York 10055
We accept the offer contained in you letter, dated January 10, 1994,
relating to $60,000,000 principal amount of our 9 3/8% Notes Due 2003, Series B.
We also confirm that, to our knowledge after due inquiry, the representations
and warranties of the undersigned in the Underwriting Agreement Basic Provisions
filed as an exhibit to the undersigned's registration statement on Form S-3 (No.
33-61350) (the "Underwriting Agreement Basic Provisions") are true and correct,
no stop order suspending the effectiveness of the Registration Statement (as
defined in the Underwriting Agreement Basic Provisions) has been issued and no
proceedings for that purpose have been instituted or are threatened by the
Securities and Exchange Commission and, subsequent to the respective dates of
the most recent financial statements included or incorporated by reference in
the Prospectus (as defined in the Underwriting Agreement Basic Provisions),
there has been no material adverse change in the financial position or result of
operations of the undersigned and its Subsidiaries (as defined in the
Underwriting Agreement Basic Provisions), taken as a whole, except as set forth
in or contemplated by the Prospectus.
Very truly yours,
MAXUS ENERGY CORPORATION
By: ______________________________
Vice President
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EX-4
MAXUS ENERGY CORPORATION
9 3/8% NOTES DUE 2003
SERIES B
OFFICERS' CERTIFICATE
A. Pursuant to Section 2.01 of the Indenture dated as of November 1, 1990
(the "Indenture") between Maxus Energy Corporation (the "Company") and Chemical
Bank, as Trustee (the "Trustee"), and pursuant to resolutions duly adopted by
the Board of Directors of the Company attached hereto as Annex A (the
"Resolutions"), the undersigned officers do hereby certify that they are the
duly elected Vice President, Treasurer and Chief Financial Officer and the duly
elected Vice President and Controller of the Company, and that there is hereby
established a series (as that term is used in Section 2.01 of the Indenture) of
Securities to be issued under the Indenture, which series of Securities shall
have the terms set forth in the Notes (as defined below) and the Prospectus
which constitutes a part of the Company's Registration Statement on Form S-3
(No. 33-61350) and the Prospectus Supplement dated January 10, 1994
(collectively, the "Prospectus"), which terms include the following:
1. The title of the Securities of the series is 9 3/8% Notes Due 2003,
Series B (the "Notes"). The Notes may be issued by the Company subject to the
limits described herein, and the form of the Notes attached hereto as Annex B is
hereby approved.
2. The limit upon the aggregate principal amount of the Notes which may
be authenticated and delivered under the Indenture (except for Notes
authenticated and delivered upon transfer of, or in exchange for, or in lieu of,
other Notes pursuant to Sections 2.06, 2.07, 2.10, 3.06 or 9.05 of the
Indenture) is $60,000,000.
3. Interest will be payable to the person in whose name a Note is
registered at the close of business on the October 15 or April 15 next preceding
the Interest Payment Date.
4. The date on which the principal of each of the Notes is payable shall
be on the 1st day of November 2003 or such earlier date as any such Note is
called for redemption in whole or in part.
5. The rate at which each of the Notes shall bear interest shall be
9 3/8% per annum. The Interest Payment Dates for the Notes shall be November 1
and May 1 of each year, beginning May 1, 1994.
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6. Interest on certificated Notes will be paid by check, mailed to the
address of the person entitled thereto as it appears in the Security Register;
provided, however, a Holder of $10,000,000 or more in aggregate principal amount
of certificated Notes shall, upon written request delivered to the Paying Agent
at least five business days prior to the applicable Interest Payment Date, be
entitled to receive payments of interest by wire transfer to an account
maintained by such person with a bank located in the United States. The
principal due on the certificated Notes shall be payable at the office or agency
of the Company maintained in the Borough of Manhattan, The City of New York for
that purpose. Payments of principal on each certificated Note will be made in
immediately available funds, provided that such Note is presented to the Paying
Agent in time for the Paying Agent to make such payments in such funds in
accordance with its normal procedures. Beneficial owners of Book-Entry Notes
will be paid in accordance with the Depository's and its participants'
procedures in effect from time to time.
7. The Notes are not redeemable prior to maturity. There is no
obligation of the Company to redeem, repay or purchase the Notes pursuant to any
sinking fund or analogous provision, or at the option of a Holder thereof.
8. The denominations in which the Notes shall be issuable are $1,000 and
any amount in excess thereof which is an integral multiple of $1,000.
9. The initial offering price of the Notes by the Company shall be 100%
of their principal amount.
10. The Notes shall be issued initially in the form of Book-Entry Notes
represented by one or more Global Securities and the Depositary for such Global
Security or Securities shall be The Depository Trust Company.
B. Each of the undersigned has read Section 2.01 of the Indenture. In
the opinion of each of the undersigned, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to
whether or not all conditions precedent provided in the Indenture relating to
the establishment of the form and terms of a series of Securities under the
Indenture, designated as the Notes in this Officers' Certificate, have been
complied with. In the opinion of the undersigned, all such conditions precedent
have been complied with.
C. All terms in this Officers' Certificate which are defined in the
Indenture or the Prospectus shall have the meanings assigned to them in the
Indenture or the Prospectus.
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IN WITNESS WHEREOF, the undersigned have hereunto executed this Officers'
Certificate as of the 18th day of January, 1994.
______________________________
M. J. Barron
Vice President, Treasurer
and Chief Financial Officer
______________________________
G. R. Brown
Vice President and Controller
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ANNEX B
MAXUS ENERGY CORPORATION
9 3/8% NOTE DUE 2003
SERIES B
No. R-1
$60,000,000
CUSIP 577730 AM 6
If this Note is registered in the name of The Depository Trust Company, a New
York corporation, (the "Depositary") (55 Water Street, New York, New York) or
its nominee, this Note may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to
the Depositary or another nominee of the Depositary or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor Depositary
unless and until this Note is exchanged in whole or in part for Notes in
definitive form. Unless this certificate is presented by an authorized
representative of the Depositary to the issuer for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of
Cede & Co. or such other name as requested by an authorized representative of
the Depositary and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since
the registered owner hereof, Cede & Co., has an interest herein.
MAXUS ENERGY CORPORATION, a corporation organized and existing under the
laws of the State of Delaware (herein referred to as the "Company"), for value
received, hereby promises to pay to Cede & Co., or registered assigns, the
principal sum of Sixty Million Dollars ($60,000,000), at the office or agency of
the Company in the Borough of Manhattan, The City of New York, upon
presentation and surrender of this Note, on the 1st day of November, 2003, in
such coin or currency of the United States of America as at the time of payment
is legal tender for the payment of public and private debts, and to pay interest
on said principal sum (computed on the basis of a 360-day year of twelve 30-day
months) in like coin or currency, at the rate of 9 3/8% per annum, semi-annually
on November 1 and May 1 ("Interest Payment Dates") in each year, beginning May
1, 1994, until payment of the principal hereof is paid or duly made available
for payment. This Note shall bear interest from the most recent date to which
interest has been paid or duly provided for or if no interest has been paid or
duly provided for, then from January 18, 1994. The interest so payable on any
November 1 or May 1 will be paid to the person in whose name this Note is
registered at the close of business on October 15 or April 15, as the case may
be, next preceding such November 1 or May 1. Payments of principal will be made
in immediately available funds, provided that this Note is presented to the
Paying Agent in time for the Paying Agent to make such payments in such funds in
accordance with its normal procedures. Interest will be paid by check mailed to
the person entitled thereto at such person's address as it appears on the
Securities Register; provided, however, a Holder of $10,000,000 or more in
aggregate principal amount of Notes shall, upon written request delivered to the
Paying Agent at least five Business Days prior to the applicable Interest
Payment Date, be entitled to receive payments of interest by wire transfer to an
account maintained by such Holder with a bank located in the United States.
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH
ON THE REVERSE HEREOF, AND SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE
THE SAME EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE.
This Note shall not be entitled to any benefit under the Indenture or any
indenture supplemental thereto, or become valid or obligatory for any purpose,
until the authentication certificate herein shall have been signed by Chemical
Bank, the Trustee under the Indenture, or a successor trustee thereunder.
IN WITNESS WHEREOF, MAXUS ENERGY CORPORATION has caused this instrument to
be executed by the manual or facsimile signatures of its duly authorized
officers, and has caused its corporate seal or a facsimile thereof to be
impressed or imprinted hereon.
Dated: January 18, 1994
TRUSTEE'S CERTIFICATE OF AUTHENTICATION MAXUS ENERGY CORPORATION
This is one of the Securities of the
series designated herein referred to in the
within-mentioned Indenture.
CHEMICAL BANK,
As Trustee By:
Vice President
By:
Authorized Officer
Attest:
Assistant Secretary
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MAXUS ENERGY CORPORATION
9 3/8% NOTE DUE 2003
SERIES B
This Note is one of a duly authorized issue of unsecured debentures, notes
and other evidences of indebtedness of the Company of the series hereinafter
specified (the "Notes"), which together with Securities of all other series are
issued or to be issued under an indenture dated as of November 1, 1990 executed
between the Company and Chemical Bank (herein called the "Trustee"), to which
indenture and all indentures supplemental thereto reference is hereby made for a
specification of the rights and limitations of rights thereunder of the
registered Holders of Securities, the rights and obligations thereunder of the
Company and the rights, duties and immunities thereunder of the Trustee (such
indenture and any indentures supplemental thereto herein collectively called the
"Indenture"). The Securities may be issued in one or more series, which
different series may be issued in various aggregate principal amounts, may
mature at different times, may bear interest (if any) at different rates, may be
subject to different redemption provisions (if any), may be subject to different
sinking, purchase or analogous funds (if any), may be subject to different
covenants and Events of Default and may otherwise vary as provided in the
Indenture. This Note is one of a series designated as the 9 3/8% Notes Due
2003, Series B, of the Company, limited in aggregate principal amount to
$60,000,000.
The Indenture contains provisions for defeasance and discharge of the
entire principal of all the Securities of any series upon compliance by the
Company with certain conditions set forth therein.
The Notes are not redeemable prior to maturity.
If an Event of Default with respect to the Notes, as defined in the
Indenture, shall occur and be continuing, the principal of all the Notes may be
declared due and payable in the manner and with the effect provided in the
Indenture.
The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities under the Indenture at
any time by the Company with the consent of the Holders of at least 66-2/3% in
aggregate principal amount of the Securities of each series to be affected
thereby. The Indenture also contains provisions permitting the Holders of
specified percentages in aggregate principal amount of the Securities of any
series, on behalf of the Holders of all the Securities of such series, to waive
certain past defaults under the Indenture and their consequences with respect to
such series. Any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note
and of any Note issued upon the transfer hereof or in exchange herefor or in
lieu hereof whether or not notation of such consent or waiver is made upon this
Note.
Except as otherwise provided in the preceding paragraph or in Sections
8.01, 8.02 and 8.03 of the Indenture, no reference herein to the Indenture and
no provision of this Note or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the
principal of and interest on this Note, at the place, at the respective times,
at the rate, and in the currency, herein prescribed.
As provided in the Indenture and subject to certain limitations therein set
forth, this Note is transferable on the Security Register of the Company, upon
surrender of this Note for registration of transfer at the Corporate Trust
Office of the Trustee in the Borough of Manhattan, The City of New York, or at
any other office or agency of the Company maintained for that purpose, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Securities registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes, of authorized denominations and for the same aggregate principal
amount, will be issued to the designated transferee or transferees.
The Notes are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set
forth, Notes are exchangeable for a like aggregate principal amount of Notes of
a like tenor and of a different authorized denomination, as requested by the
Holder surrendering the same.
No service charge shall be made for any such transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection with the registration of such transfer
or exchange, other than certain exchanges not involving any transfer.
Certain terms used in this Note which are defined in the Indenture have the
meanings set forth therein.
This Note shall for all purposes be governed by, and construed in
accordance with, the laws of the State of New York.
The Company, the Trustee for the Notes and any agent of the Company or such
Trustee may treat the Holder as the owner hereof for the purpose of receiving
payment and for all other purposes, whether or not this Note is overdue, and
neither the Company, such Trustee nor any such agent shall be affected by notice
to the contrary.
_______________________________
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this
instrument, shall be construed as though they were written out in full according
to applicable laws or regulations:
<TABLE>
<CAPTION>
<S> <C>
TEN COM - as tenants in common UNIF GIFT MIN ACT - ____________ Custodian ___________
(Cust) (Minor)
TEN ENT - as tenants by the entireties Under Uniform Gifts to Minors Act
JT TEN - as joint tenants with right of ___________________________________
survivorship and not as tenants in common (State)
</TABLE>
Additional abbreviations may also be used though not in the above list.
_______________________________
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
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Please print or typewrite name and address including postal zip code of assignee
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the within Note and all rights thereunder, hereby irrevocably constituting and
appointing
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attorney to transfer said Note on the books of the Company, with full power of
substitution in the premises.
Date:____________________________________________ __________________________
NOTICE: The signature to
this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any
change whatever.
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