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 10, 1997
Mercury Finance Company
(Exact name of registrant as specified in charter)
Delaware 1-10176 36-3627010
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 Field Drive, Lake Forest, Illinois 60045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 295-8600
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
On February 10, 1997, the registrant issued a press release, a copy of
which is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description of Document
99.1 Press release dated February 10, 1997 issued by the
registrant.
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.
Mercury Finance Company
Date: February 11, 1997 By: /s/ Bradley S. Vallem
Its: AVP & Treasurer
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT: Kate Connelly
Joe Kopec
The Dilenschneider Group
312-553-0700
MERCURY FINANCE SECURES SHORT TERM FINANCING
CHICAGO, Feb. 10 -- Mercury Finance Company (NYSE: MFN) announced today
that it has secured $50 million in short term financing from the Bank of
America. The financing is secured by the company's assets. "These funds will
enable Mercury to operate while a long term financing facility is being put
together," said William A. Brandt, Jr., president and chief executive officer.
Funds will be used to meet day to day operating expenses of the business and to
cover interest payments that are coming due in the next few weeks.
The company continues to work diligently toward completing longer term
financing arrangements to raise funds to cover the principal and interest
obligations that have matured and to reestablish a stable financial footing for
the business going forward.
Mercury Finance Company and its insurance subsidiaries are cooperating with
regulatory authorities and continue to operate independently within normal
regulatory structures and requirements. Mercury continues to serve customers at
all of its locations nationwide.
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