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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
Date of Report: April 25, 1994
LAURENTIAN CAPITAL CORPORATION
Commission File No.: 0-8403
Incorporated in the I.R.S. Employer Identification No.
State of Delaware 59-1611314
640 Lee Road, Suite 303
Wayne, Pennsylvania 19087
Registrant's Telephone Number
Including Area Code: 610/889-7400
Exhibit Index at Page 4
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Item 5. OTHER EVENTS.
On April 25, 1994 Laurentian Capital Corporation (the "Company") issued its
press release, a copy of which is attached hereto as Exhibit A, announcing
that it had entered into a five year US $45 million revolving credit
facility to refinance part of the Company's existing US $55 million Revolving
Underwriting Facility ("RUF"). The new credit facility, together with the
payment of $10 million by the Company, satisfied the repayment of the RUF,
which was due on April 25, 1994.
Item 7. EXHIBITS
Exhibit A Press Release dated April 25, 1994
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
LAURENTIAN CAPITAL CORPORATION
BY: /s/ Bernhard M. Koch
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Bernhard M. Koch
Secretary
April 25, 1994
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EXHIBIT INDEX
Exhibit A Press Release Page
Number
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5
Pages 4 of 5
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EXHIBIT A
LAURENTIAN CAPITAL CORPORATION
PRESS RELEASE
RELEASE DATE: April 25, 1994
CONTACT PERSON: Bernhard M. Koch 610/889-7400
Laurentian Capital Corporation, a life insurance holding company based in
Philadelphia, Pennsylvania, today reported that it used funds from internal
resources to repay $10 million of debt under its existing US $55 million
Revolving Underwriting Facility which expired today and refinanced the balance.
The Company said it entered into a new five year credit agreement in the amount
of $45 million with a syndicate of four international banks led by National
Bank of Canada. The banks participating are National Bank of Canada, National
Westminster Bank PLC, The Daiwa Bank, Ltd. and Rabobank Nederland. This
transaction will result in a significant reduction in interest expense over
the term of the new credit facility.
Laurentian Capital Corporation (LQ-AMEX) has assets of approximately $976
million and total life insurance in force in excess of $2.8 billion.
Laurentian's primary life insurance subsidiaries are Loyal American Life
Insurance Company, of Mobile, Alabama, and Prairie States Life Insurance Company
of Rapid City, South Dakota.
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