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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 7, 2000
GLOBE HOLDINGS, INC.
GLOBE MANUFACTURING CORP.
(Exact name of registrant as specified in its charter)
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Massachusetts 333-64669 04-2017769
Alabama 333-64675 63-1101362
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
456 Bedford Street, Fall River, Massachusetts 02720
456 Bedford Street, Fall River, Massachusetts 02720
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (508) 674-3585
(508) 674-3585
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This Instrument contains 3 pages.
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Item 5. Other Events
Effective May 31, 2000, the Forbearance Agreement dated April 12, 2000
among Globe Holdings, Inc., Globe Manufacturing Corp. (together, the "Company"),
Bank of America, N.A. as Administrative Agent and the lenders named therein (the
"Forbearance Agreement") was amended to extend the forbearance period to July
31, 2000. The Forbearance Agreement previously expired on May 31, 2000. Pursuant
to the Forbearance Agreement, the Company's senior lenders have agreed not to
exercise their right to call the Company's senior debt during the forbearance
period.
The Company has retained Rothchilds, Inc. as its restructuring advisor and
continues to explore ways to restructure its outstanding debt.
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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.
GLOBE HOLDINGS, INC.
Dated: June 7, 2000 By: /s/ Kevin T. Cardullo
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Assistant Vice President, Finance
and Accounting
GLOBE MANUFACTURING CORP.
Dated: June 7, 2000 By: /s/ Kevin T. Cardullo
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Assistant Vice President, Finance
and Accounting
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