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
March 20, 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 No.)
incorporation)
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)
Not applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On March 20, 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 March 20, 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: March 20, 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
JEANNE M. CARR
SENIOR VICE PRESIDENT
MACKENZIE PARTNERS, INC.
(212) 929-5500
VALCOR ANNOUNCES TENDER OFFER FOR NOTES
Dallas, Texas . . . March 20, 1997 . . . Valcor, Inc., a wholly owned
subsidiary of Valhi, Inc. (NYSE:VHI), has commenced an offer to purchase on a
pro rata basis up to $86.7 million principal amount of Valcor's 9 5/8% Senior
Notes due 2003 for a cash purchase price equal to 100% of the principal amount
plus accrued and unpaid interest to the date of purchase.
The Company is making the offer in order to satisfy the terms of an
"Excess Proceeds Offer" set forth in the Indenture governing the 9 5/8% Senior
Notes. The total offer amount of $86.7 million equals the net available cash
resulting from the sale of substantially all of the assets of Medite
Corporation, the Company's wholly owned building products subsidiary.
The offer will expire at 5:00 p.m. (Dallas, Texas time) on Thursday,
April 24, 1997, unless extended.
The information agent for the offer is MacKenzie Partners, Inc. The
information agent's address is 156 Fifth Avenue, New York, New York 10010 and
telephone numbers are (800) 322-3885 (toll free) or (212) 929-5500 (call
collect).
The Company is mailing copies of the Offer to Purchase dated March 20, 1997
and related letter of transmittal to all holders of the 9 5/8% Senior Notes.
In addition, copies may be obtained from the information agent.
