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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): October 3, 2000
RIVERWOOD HOLDING, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-11113 58-2205241
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(State or other jurisdiction of Commission File Number (I.R.S. Employer
Incorporation or organization) Identification No.)
1105 North Market Street
Suite 1300
Wilmington, Delaware 19801
(Address of principal executive offices)
(Zip Code)
c/o Riverwood International Corporation
(770) 644-3000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On October 3, 2000, Riverwood International Corporation ("Company"),
along with its joint venture partner, Cia Suzano de Papel e Celulose, completed
the sale of the jointly-held subsidiary Igaras Papeis e Embalagens S.A. to
Klabin Argentina S.A., a subsidiary of Industrias Klabin de Papei e Celulose
S.A., for $510 million, including the assumption of $112 million of debt.
In connection with this transaction, the Company entered into Amendment
No. 5 dated September 12, 2000, effective October 3, 2000 (refer to exhibit 1),
to the Credit Agreement dated March 20, 1996. Pursuant to the amendment, the
Company applied $120 million and $25 million of the sale proceeds to its 2001
and 2002 term loan maturities, respectively; and applied the remaining portion
of the proceeds ($48 million) to the Company's revolving credit facility. In
addition, certain of the financial covenants included in the Credit Agreement
were amended.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
1 Amendment No. 5 dated September 12, 2000, to the Credit Agreement dated
March 20, 1996 among Riverwood International Corporation, the foreign
subsidiary borrowers party thereto, the lenders party thereto and The
Chase Manhattan Bank, as administrative agent
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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 thereunto duly authorized.
RIVERWOOD HOLDING, INC.
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(Registrant)
Date: October 10, 2000 By:
/s/ Edward W. Stroetz Jr.
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Edward W. Stroetz Jr.
Secretary
Date: October 10, 2000 By:
/s/ Daniel J. Blount
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Daniel J. Blount
Senior Vice President and
Chief Financial Officer
