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) December 18, 2002
SANMINA-SCI CORPORATION
| Delaware | 000-21272 | 77-0228183 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File No.) | (IRS Employer Identification No.) |
2700 NORTH FIRST STREET
SAN JOSE, CALIFORNIA 95134
(Address of Principal Executive Offices) (Zip Code)
(408) 964-3500
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
| ITEM 5. OTHER EVENTS | ||||||||
| ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS | ||||||||
| SIGNATURE | ||||||||
| EXHIBIT INDEX | ||||||||
| EXHIBIT 99.1 | ||||||||
| EXHIBIT 99.2 | ||||||||
| EXHIBIT 99.3 | ||||||||
ITEM 5. OTHER EVENTS
On December 18, 2002, Sanmina-SCI Corporation (“Sanmina-SCI”) announced the pricing of an offering of $750,000,000 of its 10.375% senior secured notes due January 15, 2010 (the “Notes”) in a private placement to qualified investors, as part of a refinancing transaction pursuant to which Sanmina-SCI would also enter into a $275 million senior secured credit facility (the “Credit Facility”). Sanmina-SCI’s press release relating to the pricing of the offering dated December 18, 2002, attached hereto as Exhibit 99.1, is incorporated by reference herein. On December 23, 2002, Sanmina-SCI announced the closing of the offering of the Notes and its entry into the Credit Facility. Sanmina-SCI’s press release relating to the closing of the refinancing transaction dated December 23, 2002, attached hereto as Exhibit 99.2, is incorporated by reference herein. In addition, the unaudited supplemental guarantors consolidating financial information, attached hereto as Exhibit 99.3, is incorporated by reference herein.
Since September 28, 2002, we have repurchased, through unsolicited privately negotiated transactions, approximately $ 25.0 million aggregate principal amount of the 3% Convertible Subordinated Notes due 2007 of SCI Systems, Inc., one of our wholly-owned subsidiaries, $ 27.5 million aggregate principal amount of our 4 1/4% Convertible Subordinated Notes due 2004, and $ 227.1 million aggregate principal amount at maturity (having an accreted value of $ 111.5 million) of our Zero Coupon Convertible Subordinated Debentures due 2020.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release issued by Sanmina-SCI on December 18, 2002 | |
| Exhibit 99.2 | Press Release issued by Sanmina-SCI on December 23, 2002 | |
| Exhibit 99.3 | Unaudited Supplemental Guarantors Consolidating Financial Information |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| SANMINA-SCI CORPORATION | ||
| | ||
| By: | /s/ Rick R. Ackel | |
|
Rick R. Ackel Executive Vice President and Chief Financial Officer |
||
Date: December 23, 2002
EXHIBIT INDEX
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release issued by Sanmina-SCI on December 18, 2002 | |
| Exhibit 99.2 | Press Release issued by Sanmina-SCI on December 23, 2002 | |
| Exhibit 99.3 | Unaudited Supplemental Guarantors Consolidating Financial Information |