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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): June 9, 2000
System Software Associates, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-15322 36-3144515
(State of Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
500 West Madison Street, Chicago, IL 60661
(Address of Principal Executive Offices, Including Zip Code)
(312) 258-6000
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
N/A
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ITEM 5. OTHER EVENTS.
On June 9, 2000, the Company and its senior secured lenders agreed to
extend the $5,000,000 revolving credit facility (the "DIP Facility") under the
Company's Senior Secured Super-Priority Debtor-In-Possession Loan and Security
Agreement (dated as of May 3, 2000) until June 16, 2000. Extension of the DIP
Facility beyond June 16, 2000 is subject to, among other things, approval by the
Company's senior secured lenders.
Also on June 9, 2000, the United States Bankruptcy Court for the District
of Delaware (the "Bankruptcy Court") postponed the scheduled date for the
hearing on the sale of the assets of the Company from June 9, 2000 to June 16,
2000. Accordingly, on June 9, 2000, the Asset Purchase Agreement dated as of May
3, 2000 (the "Asset Purchase Agreement") among the Company, Gores Technology
Group and its wholly-owned subsidiary, SSA Acquisition Corporation ("Newco") was
amended to provide that the Asset Purchase Agreement may be terminated by Newco
at any time after June 19, 2000 if the Bankruptcy Court has not yet entered a
final order approving the transactions contemplated by the Asset Purchase
Agreement.
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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 hereunto duly authorized.
System Software Associates, Inc.
By: /s/ Kirk J. Isaacson
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Kirk J. Isaacson
Secretary
Dated: June 9, 2000
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