sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): October 8, 2004
LONE STAR STEAKHOUSE & SALOON, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-19907 48-1109495
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
224 East Douglas, Suite 700, Wichita, KS 67202
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (316) 264-8899
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N/A
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT; AND
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
On October 8, 2004, Lone Star Steakhouse & Saloon, Inc. (the "Company")
entered into a Revolving Credit Loan Agreement (the "Credit Agreement") with
SUNTRUST BANK, INTRUST BANK, N.A. and the several banks and other financial
institutions from time to time party thereto (the "Lenders"), and SUNTRUST BANK,
in its capacity as Administrative Agent for the Lenders. The Credit Agreement
allows the Company to borrow up to $30,000,000 with the right to borrow an
additional $20,000,000 under certain conditions such that the total amount of
the credit facility shall not exceed $50,000,000. The Credit Agreement
terminates in October 2007; however, it is subject to acceleration in the event
of a change of control of the Company as that term is defined in the Credit
Agreement. At the time of each borrowing, the Company may elect to pay interest
at the higher of SUNTRUST BANK's published prime rate or the Federal Funds
Rate plus one-half of one percent (.50%); or the LIBOR Rate plus one and one-half
percent (1.50%). The Company is required to achieve certain financial ratios and
to maintain certain net worth requirements as defined in the Credit Agreement.
The Company is required to pay on a quarterly basis a facility fee equal to .25%
per annum on the daily-unused amount of the credit facility.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
EXHIBIT NO. EXHIBITS
99.1 Revolving Credit Loan Agreement dated as of
October 8, 2004 among Lone Star Steakhouse &
Saloon, Inc., as Borrower, SUN TRUST BANK,
INTRUST BANK, N.A. and the several banks and
other financial institutions from time to time
party thereto, and SUNTRUST BANK as
Administrative Agent.
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.
LONE STAR STEAKHOUSE & SALOON, INC.
Dated: October__, 2004 By: /s/ John D. White
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Name: John D. White
Title: Executive Vice President