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): February 21, 1997
Louisiana Casino Cruises, Inc.
(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 February 21, 1997 that a non-binding letter of intent
has been executed by holders of 40% of the Company's common stock and all of its
preferred stock, providing for the purchase of all such interests by an
affiliate of CHC International, Inc. ("CHC"). CHC presently holds 59.8% of the
outstanding common stock of the Company. The proposed transaction is more fully
described in the Company's press release dated February 21, 1997, attached
hereto as Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Other Exhibits.
Exhibit No. Description
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Exhibit 99 Louisiana Casino Cruises, Inc. Press
Release dated February 21, 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: February 21, 1997 By:/s/ W. Peter Temling
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W. Peter Temling, Acting
Chief Financial Officer
PRESS RELEASE
LOUISIANA CASINO CRUISES, INC.
Baton Rouge, Louisiana
February 21, 1997
Louisiana Casino Cruises, Inc. ("LCCI"), announced today that a non-binding
letter of intent has been executed with holders of 40% of LCCI's common stock
and all of its' preferred stock, providing for the purchase of all such
interests by an affiliate of CHC International, Inc.("CHC"). CHC presently holds
59.8% of the outstanding common stock of LCCI. The purchase is subject to a
number of conditions, including definitive documentation, regulatory approval
and financing by CHC. CHC has undertaken in the letter of intent to pursue
obtaining the requisite financing and to commence the preparation of definitive
documentation. No assurance can be given that the transactions contemplated by
the letter of intent will be consummated.
In connection with any financing pursuant to the letter of intent, it is likely
that CHC would seek additional financing in an amount sufficient to permit the
redemption of LCCI's outstanding First Mortgage Notes due 1998, although no
assurance can be given that adequate financing will be obtained or that, even if
obtained, any First Mortgage Notes will be redeemed.
LCCI owns and operates the Casino Rouge, the leading riverboat casino operating
in Baton Rouge.
