Exhibit Index on Page 4
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
May 15, 1998
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(Date of earliest event reported)
UDC HOMES, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-11416 86-0702254
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(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
6710 N. Scottsdale Rd., Scottsdale, AZ 85253
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(Address of principal excecutive offices, including zip code)
(602) 627-3000
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On May 15, 1998, the Registrant issued a press release announcing the
completion of the Registrant's second tender offer relating to its outstanding
12 1/2% Series B Senior Notes due 2000, which press release is filed as Exhibit
20.1 to this Report and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is filed as part of this Report:
Exhibit No. Exhibit
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20.1 Press Release, dated May 15, 1998
2
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EXHIBIT INDEX
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Exhibit No. Exhibit Page No.
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20.1 Press Release, 5
dated May 15, 1998
3
<PAGE>
SIGNATURES
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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.
UDC Homes, Inc.
By: /s/ Kenda B. Gonzales
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Name: Kenda B. Gonzales
Title: Senior Executive Vice President
and Chief Financial Officer
Dated: May 18, 1998
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Exhibit 20.1
UDC HOMES, INC. COMPLETES TENDER OFFER
FOR 12 1/2% SERIES B SENIOR NOTES
Scottsdale, Arizona, May 15, 1998 -- UDC Homes, Inc. (the "Company")
announced today the completion of its second tender offer (the "Second Offer")
relating to its outstanding 12 1/2% Series B Senior Notes due 2000 (the
"Notes"), issued pursuant to an indenture (the "Indenture") dated as of November
14, 1995. On March 6, 1998, the Company completed its tender offer by accepting
for payment $174,590 in aggregate principal amount of the Notes outstanding. In
the Second Offer, the Company offered to purchase any and all of the $9,825,410
principal amount of the Notes outstanding.
The Second Offer expired at 5:00 p.m., New York City time, on May 14,
1998 (the "Expiration Date"). As of the Expiration Date, $128,179 in aggregate
principal amount of the Notes had been validly tendered and not withdrawn. The
Company accepted all such Notes for payment pursuant to the Second Offer,
leaving $9,697,231 aggregate principal amount of the Notes outstanding. The
payment date is May 15, 1998.
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