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
Date of report (Date of earliest event reported): May 30, 1996
------------------------------
BROTHERS GOURMET COFFEES, INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 0-23024 52-1681708
- --------------------------------------------------------------------------------
(State or Other Juris- (Commission File (IRS Employer
diction of Incorporation) Number) Identification No.)
2255 Glades Road
Suite 100 E
Boca Raton, Florida 33431
------------------------------------------------------------------------------
(Address of Principal (Zip Code)
Executive Offices)
(407) 995-2600
- -------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
- -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. Other Events.
On May 30, 1996, 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) Exhibits.
99.1 Press release issued May 30, 1996 by the
Registrant.
2
<PAGE>
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.
BROTHERS GOURMET COFFEES, INC.
(Registrant)
By: /s/ John L. Ruppert
------------------------
Date: June 6, 1996 John L. Ruppert
Title: Secretary and Special Counsel
to the Board of Directors
BROTHERS
GOURMET COFFEES
[LETTERHEAD]
Contact:
Barry Bilmes
Brothers Gourmet Coffees, Inc.
(407)995-2600
BROTHERS GOURMET COFFEES ANNOUNCES
NEW CREDIT FACILITY
Brothers Gourmet Coffees, Inc. announced today that it has closed on a new $25
million long-term credit facility with Sanwa Business Credit Corporation. The
facility consists of (1) up to a $15 million borrowing based, Revolving Credit
Facility,(2) a $7.5 million Term Loan A and (3) a $2.5 million Term Loan B,
which will become available when the Company meets certain financial targets.
The Company immediately drew down the full amount of Term Loan A and
approximately $5 million of the Revolving Credit Facility to repay in full,
its prior lender, First Union National Bank of North Carolina.
Barry Bilmes, Vice President Finance and Administration, stated that, "We are
extremely happy to close our new credit facility. We are looking forward to a
strong and supportive relationship with our new lender, Sanwa Business Credit
Corporation. Closing the new credit facility is a major step in the completion
of the Company's restructuring program and will greatly assist the Company in
its efforts to refocus its attention on its core wholesale business."
Brothers Gourmet Coffees, Inc., is the nation's leading branded roaster of
wholesale gourmet coffees, offering a variety of unique gourmet coffees and
packages to grocery, military, mass and specialty merchandisers, food service
and warehouse club classes of trade.
