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): February 18, 2003
COMMISSION FILE NO. 0-14836
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METAL MANAGEMENT, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 94-2835068
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
500 N. DEARBORN ST., SUITE 405,
CHICAGO, IL 60610
(Address of principal executive offices)
Registrant's telephone number, including area code: (312) 645 - 0700
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ITEM 5: OTHER EVENTS AND REGULATION FD DISCLOSURE
PRESS RELEASE ANNOUNCING RESULTS FOR QUARTER AND NINE MONTHS ENDED DECEMBER 31,
2002
On February 14, 2003, Metal Management, Inc. (the "Company") issued a
press release announcing its results for the third quarter and nine months ended
December 31, 2002. A copy of the press release is attached as Exhibit 99.1
hereto and incorporated herein by reference.
PRESS RELEASE ANNOUNCING AMENDMENT TO EXISTING CREDIT AGREEMENT
On February 18, 2003, the Company issued a press release announcing an
extension of its Credit Agreement. A copy of the press release is attached as
Exhibit 99.2 hereto and incorporated herein by reference.
The Company extended its existing $150 million credit facility pursuant
to the terms of Amendment No. 2 to Credit Agreement, dated as of February 13,
2003, among Deutsche Bank Trust Company Americas, as agent and the other lenders
party thereto (the "Amendment").
The Amendment extended the maturity date of the Credit Agreement to
January 1, 2004 and reduced the maximum amount of borrowings available under the
Credit Agreement to $115 million. In consideration for the Amendment, the
Company paid fees of $0.3 million.
A copy of the Amendment is attached to this report as Exhibit 4.3 and
is incorporated herein by reference. The foregoing summary description of the
Amendment is not intended to be complete and is qualified in its entirety by the
complete text of the Amendment.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
4.1 $150 million Credit Agreement, dated as of June 29, 2001 (the "Credit
Agreement") by and among the Company and its subsidiaries named therein
and Bankers Trust Company, as Agent and the financial institutions
parties thereto (incorporated by reference to Exhibit 10.1 of the
Company's Annual Report on Form 10-K for the year ended March 31,
2001).
4.2 Amendment No. 1 to the Credit Agreement, dated as of August 6, 2002 by
and among the Company and its subsidiaries named therein and Deutsche
Bank Trust Company Americas, as Agent and the financial institutions
parties thereto (incorporated by reference to Exhibit 10.1 of the
Company's Quarterly Report on Form 10-Q for the quarter ended June 30,
2002).
4.3 Amendment No. 2 to the Credit Agreement, dated as of February 13, 2003
by and among the Company and its subsidiaries named therein and
Deutsche Bank Trust Company Americas, as Agent and the financial
institutions parties thereto.
99.1 Press release, dated February 14, 2003, issued by the Registrant.
99.2 Press release, dated February 18, 2003, issued by the Registrant.
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 thereunto duly authorized.
METAL MANAGEMENT, INC.
By: /s/ Robert C. Larry
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Robert C. Larry
Executive Vice President,
Finance and Chief
Financial Officer
(Principal Financial Officer)
Date: February 18, 2003
METAL MANAGEMENT, INC.
EXHIBIT INDEX
NUMBER AND DESCRIPTION OF EXHIBIT
4.1 $150 million Credit Agreement, dated as of June 29, 2001 (the "Credit
Agreement") by and among the Company and its subsidiaries named therein
and Bankers Trust Company, as Agent and the financial institutions
parties thereto (incorporated by reference to Exhibit 10.1 of the
Company's Annual Report on Form 10-K for the year ended March 31,
2001).
4.2 Amendment No. 1 to the Credit Agreement, dated as of August 6, 2002 by
and among the Company and its subsidiaries named therein and Deutsche
Bank Trust Company Americas, as Agent and the financial institutions
parties thereto (incorporated by reference to Exhibit 10.1 of the
Company's Quarterly Report on Form 10-Q for the quarter ended June 30,
2002).
4.3 Amendment No. 2 to the Credit Agreement, dated as of February 13, 2003
by and among the Company and its subsidiaries named therein and
Deutsche Bank Trust Company Americas, as Agent and the financial
institutions parties thereto.
99.1 Press release, dated February 14, 2003, issued by the Registrant.
99.2 Press release, dated February 18, 2003, issued by the Registrant.