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): February 15, 1994
Imo Industries Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9294 21-0733751
(State or other jurisdiction (Commission (I.R.S.Employer
of incorporation) File Number) Identification No.)
3450 Princeton Pike
Lawrenceville, New Jersey 08648
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 609-896-7600
Not Applicable
(Former name or address if changed since last report)
IMO INDUSTRIES INC.
Form 8-K Current Report
Item 5. Other Events.
In a Form 8-K filed February 1, 1994, the Registrant
indicated that it had commenced solicitation of consents of
holders of its 12-1/4 % Senior Subordinated Debentures Due
1997 to an amendment of the indenture pursuant to which such
Debentures were issued for the purpose of allowing the
Registrant and its subsidiaries to borrow an additional $35
million above December 31, 1993 senior debt outstandings.
On February 15, 1994, the Registrant announced that it had
received the necessary consents from holders.
Also, as a result of the consent, interim waivers of certain
financial covenants given by the Registrant's senior lenders
have become final.
The Registrant's press release announcing such information
is filed herewith as an exhibit.
Item 7. Exhibits.
The following exhibit is being filed with this report:
Exhibit No. Exhibit
1 Press release dated
February 15, 1994 by
Imo Industries Inc.
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 hereto duly
authorized.
Imo Industries Inc.
(Registrant)
Date: February 16, 1994 By: /s/ WILLIAM M. BROWN
William M. Brown
Executive Vice President
and Chief Financial Officer
Exhibit 1 - Press release dated February 15, 1994 by Imo Industries Inc.
For additional information contact:
Paul B. Lazovick
Director of Investor Relations
609-896-7615
FOR IMMEDIATE RELEASE
IMO RECEIVES CONSENT TO AMEND DEBENTURES
LAWRENCEVILLE, NJ, February 15, 1994 - Imo
Industries Inc. (NYSE-IMD) announced today that it
has received the necessary consents from holders
to amend its 12.25% Senior Subordinated
Debentures.
The amendment allows Imo the flexibility to
increase its borrowings by up to $35 million above
the level of senior indebtedness at year end 1993
and helps to provide the Company with the
liquidity it believes necessary for the operation
of its domestic and foreign businesses.
Also, as a result of the consent, interim
waivers of certain financial covenants given by
Imo's senior lenders have become final.
