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
July 1, 2003
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Date of Report (Date of earliest event reported)
BALDWIN TECHNOLOGY COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-9334 13-3258160
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
Twelve Commerce Drive, Shelton, CT. 06484
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(Address of Principal Executive Offices and Zip Code)
(203) 402-1000
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if changed since Last Report)
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Item 5. Other Events
On October 31, 2000, Baldwin Technology Company, Inc. ("Baldwin or the
"Company") entered into a $35,000,000 Revolving Credit Facility (the "Credit
Facility") with Fleet National Bank and First Union National Bank, which had an
originally scheduled maturity date of October 31, 2003. The Credit Facility was
amended and restated on January 28, 2002, and was further amended on October 30,
2002 to, among other things, change the maturity date to July 1, 2003 (the
"Amended Credit Facility").
The outstanding balance at June 30, 2003 under the Amended Credit Facility
was approximately $16,112,000. The Amended Credit Facility has now been further
amended to extend the maturity date to August 1, 2003 in order to allow the
Company time to conclude negotiations with a potential new lender. There can be
no assurance that these negotiations will have a successful outcome. If these
negotiations do not conclude with a successful financing, and alternative
financing sources are not available, management will be required to take
additional actions to meet liquidity needs.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
10.62 Letter agreement dated July 1, 2003 from Fleet National Bank
as Administrative Agent amending and extending the Amended and
Restated Credit Agreement dated January 28, 2002 among Baldwin
Americas Corporation, Baldwin Europe Consolidated, Inc., and
Baldwin Asia Pacific Corporation, as Borrowers, and Baldwin
Technology Company, Inc., Baldwin Technology Corporation,
Baldwin Europe Consolidated BV, Baldwin Graphic Systems, Inc.,
Baldwin Kansa Corporation, Baldwin German Capital Holding
GmbH, Baldwin Grafotec GmbH and Baldwin Japan Ltd., as
Guarantors, and Fleet National Bank and First Union National
Bank as Lenders (filed herewith).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
BALDWIN TECHNOLOGY COMPANY, INC.
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(REGISTRANT)
By: /s/ VIJAY C. THARANI
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VIJAY C. THARANI
(CHIEF FINANCIAL OFFICER)
Dated: July 1, 2003