IMPERIAL SUGAR CO /NEW/
8-K, 2001-01-09
SUGAR & CONFECTIONERY PRODUCTS
Previous: CITIGROUP INC, SC 13G/A, 2001-01-09
Next: IMPERIAL SUGAR CO /NEW/, 8-K, EX-4.1, 2001-01-09



<PAGE>

                      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 8, 2001



                             IMPERIAL SUGAR COMPANY
             (Exact name of registrant as specified in its charter)



          TEXAS                       1-10307                74-0704500
(State or other jurisdiction  (Commission File Number)     (IRS Employer
     of incorporation)                                  Identification No.)


          ONE IMPERIAL SQUARE
              P. O. BOX 9
           SUGAR LAND, TEXAS                               77487
(Address of principal executive offices)                (Zip Code)



      Registrant's telephone number, including area code:  (281) 491-9181
<PAGE>

ITEM 5. OTHER EVENTS

        On January 8, 2001, Imperial Sugar Company (the "Company") and the
lenders under the Company's Amended and Restated Credit Agreement dated December
22, 1997, entered into the First Amendment to Interim Waiver Agreement extending
the effective date of the waiver to January 14, 2001; such amendment is included
herewith as Exhibit 4.1 and is incorporated by reference.  Additionally, the
Company and the purchaser of receivables under the Company's $110 million
revolving receivable purchase facility entered into an extension currently
effective through January 14, 2001, of a previous waiver (that was effective
through January 8, 2001) of the occurrence of a termination event under the
facility. The original waiver and the extension are included as Exhibits 4.2 and
4.3 and are incorporated by reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (c) Exhibits

            4.1  First Amendment to Interim Waiver Agreement between the
                 Company and the lenders pursuant to the Amended and Restated
                 Credit Agreement dated as of December 22, 1997.

            4.2  Waiver of the occurrence of a termination event dated December
                 12, 2000 pursuant to the Company's Receivables Purchase
                 Agreement dated June 30, 1999.

            4.3  Extension of Waiver of the occurrence of a termination event
                 dated January 8, 2001 pursuant to the Company's Receivable
                 Purchase Agreement dated June 30, 1999.


<PAGE>

                                   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.

                              IMPERIAL SUGAR COMPANY


Date:  January 8, 2001        By: /s/ Mark Q. Huggins
                                  ----------------------------------
                                  Name:  Mark Q. Huggins
                                  Its:   Managing Director and
                                         Chief Financial Officer


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission