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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
March 2, 2001
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Date of report (Date of earliest event reported)
ASSISTED LIVING CONCEPTS, INC.
(exact name of registrant as specified in its charter)
NEVADA 1-13498 93-1148702
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(State or other jurisdiction Commission File Number (I.R.S. Employer
of incorporation or organization) Identification Number)
11835 NE Glenn Widing Drive, Bldg E, Portland, OR 97220-9057
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(Address of Principal Executive Offices) (Zip Code)
(503) 252-6233
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On March 2, 2001, certain subsidiaries of Assisted Living Concepts, Inc.
(the "Company") established a $45,000,000 secured credit line with Heller
Healthcare Finance, Inc., effective as of February 20, 2001 and guaranteed by
the Company. The Company issued a press release on March 8, 2001 announcing
the transaction.
Copies of (a) the Company's press release dated March 8, 2001, (b) the
Loan Agreement, dated as of February 20, 2001, among Heller Healthcare Finance,
Inc., as Agent and a Lender, the financial institutions who are or become
parties thereto as Lenders, ALC Ohio, Inc., ALC Pennsylvania, Inc., ALC Iowa,
Inc., ALC Nebraska, Inc. and ALC New Jersey, Inc., as Borrowers, and the parties
who are or become Borrowers thereunder and (c) the Guaranty, dated as of
February 20, 2001, by Assisted Living Concepts, Inc., for the benefit of Heller
Healthcare Finance, Inc., have been filed as exhibits to this Current Report on
Form 8-K and are incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) and (b) None.
(c) The following documents are furnished as Exhibits to this Current
Report on Form 8-K pursuant to Item 601 of Regulation S-K:
10.1 Loan Agreement, dated as of February 20, 2001, among Heller
Healthcare Finance, Inc., as Agent and a Lender, the
financial institutions who are or become parties thereto as
Lenders, ALC Ohio, Inc., ALC Pennsylvania, Inc., ALC Iowa,
Inc., ALC Nebraska, Inc. and ALC New Jersey, Inc., as
Borrowers, and the parties who are or become Borrowers
thereunder.
10.2 Guaranty, dated as of February 20, 2001, by Assisted Living
Concepts, Inc., for the benefit of Heller Healthcare
Finance, Inc.
99 Press Release, dated March 8, 2001.
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.
ASSISTED LIVING CONCEPTS, INC.
By: /s/ Sandra Campbell
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Name: Sandra Campbell
Title: Secretary
Date: March 9, 2001
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT DESCRIPTION
10.1 Loan Agreement, dated as of February 20, 2001, among Heller
Healthcare Finance, Inc., as Agent and a Lender, the
financial institutions who are or become parties thereto as
Lenders, ALC Ohio, Inc., ALC Pennsylvania, Inc., ALC Iowa,
Inc., ALC Nebraska, Inc. and ALC New Jersey, Inc., as
Borrowers, and the parties who are or become Borrowers
thereunder.
10.2 Guaranty, dated as of February 20, 2001, by Assisted Living
Concepts, Inc., for the benefit of Heller Healthcare
Finance, Inc.
99 Press Release, dated March 8, 2001.