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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 Act of 1934
Date of Report (Date of earliest event reported):
April 30, 1998 (April 30, 1998)
RECYCLING INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-20179 84-1103445
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
9780 South Meridian Blvd., Suite 180
Englewood, Colorado 80112
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (303) 790-7372
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On April 30, 1998, the registrant issued the press release attached
hereto as Exhibit 99. The information contained in such press release is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) EXHIBIT
NUMBER DESCRIPTION
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99 Press Release of Registrant dated April 30, 1998.
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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.
RECYCLING INDUSTRIES, INC.
BY /s/ Luke F. Botica
Date: April 30, 1998 ----------------------------
Vice Chairman
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THURSDAY, APRIL 30, 1998
COMPANY PRESS RELEASE
SOURCE: Recycling Industries, Inc.
RECYCLING INDUSTRIES TO OFFER $250 MILLION OF SENIOR NOTES
(April 30, 1998) - ENGLEWOOD, Colorado - Recycling Industries, Inc.
(NASDAQ-NMS: RECY), a company engaged in the acquisition, consolidation and
operation of metals recycling companies, today announced that it proposes to
make a private offering of $250 million of aggregate principal amount of
Senior Notes to be due in 2006 pursuant to Rule 144A under the Securities Act
of 1933.
The notes will be unsecured senior obligations of the Company and will be
guaranteed, jointly and severally, by all of the Company's operating
subsidiaries. The Company intends to use the net proceeds of the offering
primarily to repay indebtedness under its credit facility, fund certain
proposed acquisitions and retire its existing subordinated debt.
The notes being offered have not been registered under the Securities Act of
1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.
Recycling Industries, Inc. is a rapidly growing consolidator of metals
recycling companies, providing quality, value-added products and services to
its customers. Recycling Industries is actively pursuing the acquisition and
integration of metals recycling companies. Based in Englewood, Colorado,
Recycling Industries owns and operates metals processing facilities in
Georgia, Illinois, Iowa, Missouri, Nevada, North Carolina, South Carolina,
Texas, Virginia and Wisconsin.
