- Current report filing (8-K)
December 08 2010 - 2:07PM
Edgar (US Regulatory)
UNITED STATES
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 8, 2010
RES-CARE, INC.
(Exact Name of Registrant as specified in Charter)
Kentucky
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0-20372
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61-0875371
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification)
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10140 Linn Station Road,
Louisville, Kentucky
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40223
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(Address of principal
executive offices)
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(Zip code)
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(502) 394-2100
(Registrants telephone number, including are code)
N/A
(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):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item
7.01. Regulation FD
Disclosure
Res-Care, Inc. (ResCare)
intends to raise approximately $200 million through a private placement of
Senior Notes due 2018 (the New Notes).
The Company intends to use the net proceeds from the proposed placement
to repurchase and retire the $150 million aggregate principal amount of its
7.75% Senior Notes Due 2013 (the 7.75% Notes), to fund the second-step share
exchange through which an affiliate of Onex Partners III, L.P. will complete
the acquisition of all of the equity shares of ResCare, and for general
corporate purposes. Completion of the placement of the New Notes is subject to
market conditions and is not a condition to closing the second-step share
exchange.
On
December 6, 2010, ResCare commenced a tender offer to purchase the 7.75%
Notes as well as a related consent solicitation to amend the 7.75% Notes and
the indenture pursuant to which they were issued. The consent solicitation is scheduled to
expire on December 17, 2010 and.
The tender offer is scheduled to expire on January 4, 2011. The
consummation of the tender is subject to the satisfaction or waiver of certain
conditions, including receipt of requisite consents to proposed amendments to
the indenture for the 7.75% Notes, ResCares consummation of the placement of
the New Notes and the related refinancing transactions, and other customary
conditions. ResCare intends to redeem
any of the 7.75% Notes that are not purchased in the tender offer on or after January 4,
2011.
The
New Notes have not been registered under the Securities Act of 1933 or any
state securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act of 1933 and applicable state securities
laws. This current report on Form 8-K
does not constitute an offer to sell or the solicitation of an offer to buy the
New Notes.
The
information filed under this Item 7.01, including the Exhibits, is being
furnished pursuant to Regulation FD and not filed pursuant to the Securities
Exchange Act of 1934, as amended. None
of this information may be incorporated by reference into any other filings
ResCare has made or may make pursuant to the Securities Act of 1933, as
amended, or into any other documents unless such portion of this Current Report
on Form 8-K is expressly and specifically identified in such filing as
being incorporated by reference therein.
In addition, the furnishing of the information in this Report and in the
attached Exhibit 99.3 is not intended to, and does not, constitute a
determination or admission that the information is material, or that you should
consider this information before making an investment decision with respect to
any security of ResCare. The information
contained in this report is qualified by, and should be read in conjunction
with, the information contained in Exhibits 99.4 and 99.5. ResCare undertakes no obligation to update this
information, including any forward-looking statements, to reflect subsequently
occurring events or circumstances.
2
Item
9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Supplemental Information about
Registrant.
99.2
Selected Historical
Financial Data.
99.3
Certain Information that may
be Disclosed to Prospective Investors in a Private Placement.
99.4 Information Regarding Forward-Looking
Statements of Registrant.
99.5 Non-GAAP Financial Measures.
99.6 Press Release dated December 8,
2010.
SIGNATURE
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.
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RES-CARE, INC.
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December
8, 2010
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By
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/s/
David W. Miles
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David
W. Miles, Chief Financial Officer
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3
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