SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 12, 2000
HEALTHY PLANET PRODUCTS, INC.
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Exact Name of Registrant as Specified in Its Charter
Delaware
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(State or Other Jurisdiction of Incorporation)
1-13048 94-2601764
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(Commission File Number) (IRS Employer Identification Number)
1700 Corporate Circle Petaluma, CA 94954
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(Address of Principal Executive Offices) Zip Code
(707) 778-2280
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address if Changed Since Last Report)
Item 5. Other Events.
On October 12, 2000, Registrant borrowed the sum of $500,000 from The
InterGroup Corporation ("InterGroup"). This loan was evidenced by a secured
promissory note and a security agreement granting a security interest in all
Registrant's accounts receivable and proceeds thereof. The loan bears interest
at the rate of 13.875% per annum and is due on February 28, 2001, or sooner
from the proceeds from the collection of Registrant's accounts receivable. Mr.
John V. Winfield, Chairman of the Board and a principal shareholder of
Registrant, is also Chairman of the Board and a principal shareholder of
InterGroup. Prior to obtaining this loan from InterGroup, Registrant
unsuccessfully sought secured or unsecured lending from bank or institutional
lenders and to otherwise factor or finance its accounts receivable. In the
absence of an alternative lender, Registrant proposed the lending transaction
to InterGroup.
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.
HEALTHY PLANET PRODUCTS, INC.
Dated: October 13, 2000 By /s/ Michael G. Zybala
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Michael G. Zybala
Secretary
