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): April 8, 2002
BULL RUN CORPORATION
GEORGIA (State or other jurisdiction of incorporation) |
0-9385 (Commission File Number) |
58-2458679 (IRS Employer Identification No.) |
4370 PEACHTREE ROAD, ATLANTA, GEORGIA 30319
(404) 266-8333
Item 5. Other Events and Regulation FD Disclosure
On April 8, 2002, Bull Run Corporation (the Company) and its lenders amended the Companys bank credit facility in order to, among other things, change the facilitys maturity date from March 29, 2002 to June 28, 2002, waive certain specified events of default and waive the lenders rights and remedies under the credit facility pertaining to the specified events of default.
The Company believes that it will be able to reach an acceptable agreement with its bank lenders on the terms of a long-term refinancing of the credit facility prior to the facilitys new maturity date. As disclosed in the Companys Form 10-Q for the period ended December 31, 2001, a long-term refinancing of the credit facility may involve a significant reduction in the total amount of financing available from the bank lenders, and the Company believes it has the ability to successfully achieve such a reduction within a time frame acceptable to its bank lenders. The Company has reduced its bank term debt by over $20 million during the current fiscal year as a result of the sale of certain investment assets and the issuance of new equity to affiliated parties.
Certain statements in this Current Report on Form 8-K are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted.
Item 7. Exhibits
Exhibit A Fifth Amendment to Amended and Restated Credit Agreement, effective March 29, 2002 |
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 thereto duly authorized.
BULL RUN CORPORATION | ||||
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Date: April 8, 2002 | By: | /s/ FREDERICK J.
ERICKSON |
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Frederick J. Erickson | ||||
Vice President Finance and Treasurer |
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