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
September 19, 1997
(Date of Report, date of earliest event reported)
VALCOR, INC.
(Exact name of Registrant as specified in its charter)
Delaware 33-63044 74-2678674
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
(Address of principal executive offices) (Zip Code)
(972) 233-1700
(Registrant's telephone number, including area code)
(Former name or address, if changed since last report)
Item 5: Other Events
On September 19, 1997, the Registrant issued the press release
attached hereto as Exhibit 99.1, which is incorporated herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibit
Item No. Exhibit Index
99.1 Press release dated September 19, 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.
VALCOR, INC.
(Registrant)
By: /s/ Steven L. Watson
Steven L. Watson
Vice President & Secretary
Date: September 19, 1997
VALCOR, INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
VALCOR, INC. STEVEN L. WATSON
THREE LINCOLN CENTRE VICE PRESIDENT
5430 LBJ FREEWAY, SUITE 1700 VALCOR, INC.
DALLAS, TEXAS 75240-2697 (972) 233-1700
(972) 233-1700
VALCOR ANNOUNCES COMPLETION OF TENDER OFFER FOR NOTES
Dallas, Texas . . . September 19, 1997 . . . Valcor, Inc., a wholly owned
subsidiary of Valhi, Inc. (NYSE:VHI), announced today the results of its offer
to purchase any and all of its 9 5/8% Senior Notes due 2003 for a cash purchase
price equal to $1,057.50 per $1,000 principal amount of the tendered notes plus
accrued and unpaid interest to, but not including, the date of purchase. The
offer expired at 5:00 p.m. (Dallas, Texas time) on September 18, 1997.
Based on the final report provided by the depositary, holders had tendered
and not withdrawn approximately $66.2 million principal amount of the Notes, all
of which Valcor has accepted for purchase. Following Valcor's purchase of the
tendered Notes, approximately $2.4 million principal amount of the Notes remain
outstanding.
As previously announced and based on reports provided by the depositary, as
of 5:00 p.m. (Dallas, Texas time) on September 9, 1997, Valcor had received
consents from the holders representing more than a majority in principal amount
of the outstanding notes to approve the amendments to the indenture governing
the notes as set forth in the Consent Solicitation Statement and Offer to
Purchase dated August 6, 1997, as supplemented on September 4, 1997. The
amendments became effective upon the expiration of the offer to purchase. The
consent payments of $10 per $1,000 principal amount of the notes to which such
consents related will be paid concurrently with the payment of the cash purchase
price for the tendered notes.
