UNITED STATES
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): April 2, 1997
Louisiana Casino Cruises, Inc.
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(Exact name of registrant as specified in its charter)
Louisiana 33-73534 72-1196619
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1717 River Road North, Baton Rouge, Louisiana 70802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 381-7777
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Louisiana Casino Cruises, Inc., a Louisiana corporation (the
"Company"), announced on April 2, 1997 that a definitive stock purchase
agreement has been executed among CSMC Management Services, Inc. ("CSMC"), a
wholly owned subsidiary of CHC International Inc., and the holders of
approximately 40% of the Company's common stock (the "Individual Shareholders"),
whereby CSMC would acquire the common stock and all of the preferred stock of
the company held by the Individual Shareholders. CSMC currently owns 59.8% of
the outstanding common stock of the Company. The transaction is more fully
described in the Company's press release dated April 2, 1997, attached hereto as
Exhibit 99 and incorporated herein by reference.
Item 6. Financial Statements and Other Exhibits.
Exhibit No. Description
Exhibit 99 Louisiana Casino Cruises, Inc. Press
Release dated April 2, 1997
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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.
LOUISIANA CASINO CRUISES, INC.
Dated: April 4, 1997 By: /s/ W. Peter Temling
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W. Peter Temling, Acting
Chief Financial Officer
EXHIBIT 99
PRESS RELEASE
LOUISIANA CASINO CRUISES, INC.
Baton Rouge, Louisiana
April 2, 1997
Louisiana Casino Cruises, Inc. (LCCI"), announced today that a definitive stock
purchase agreement has been executed among CSMC Management Services, Inc.
("CSMC"), a wholly owned subsidiary of CHC International, Inc. ("CHC"), and the
holders of approximately 40% of LCCI's common stock (the "Individual
Shareholders"), whereby CSMC would acquire the common stock and all of the
issued and outstanding preferred stock of LCCI held by the Individual
Shareholders. CSMC currently owns 59.8% of the outstanding common stock of LCCI.
The stock purchase agreement stipulates a targeted closing date of July 31,
1997, which date may be extended by CSMC, under certain conditions, for two
consecutive thirty day periods.
Consummation of the stock purchase agreement is subject to a number of
conditions including approval by the Louisiana Gaming Control Board and/or the
Louisiana State Police and receipt of financing by CSMC. In connection with the
financing of the stock purchase agreement, CHC intends to seek additional
financing in an amount sufficient to permit the redemption of LCCI's outstanding
First Mortgage Notes due 1998. However, there can be no assurance that CSMC will
be successful in raising the necessary and desired financing, that the Louisiana
Gaming Control Board and /or the State Police will approve the transfer of
interest or that CSMC and the Individual Shareholders will satisfy the various
other conditions required pursuant to the stock purchase agreement. In addition,
there can be no assurance that even if adequate financing is obtained, that any
first Mortgage Notes will be redeemed.
LCCI owns and operates the Casino Rouge, the leading riverboat casino operating
in Baton Rouge, Louisiana.
