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 17, 2005
BUCKEYE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
DELAWARE 33-60032 62-1518973
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
1001 Tillman Street, Memphis, Tennessee 38112
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901) 320-8100
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):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
SECTION 8. OTHER EVENTS
Item 8.01. Other Events
On February 17, 2005, Buckeye Technologies Inc. issued a press release
announcing the expiration of consent solicitation and its intention to call for
redemption of $20 million in aggregate principal amount of its outstanding 9
1/4% Senior Subordinated Notes due 2008. A copy of the press release is attached
as exhibit 99.1.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being furnished as part of this Report.
Exhibit
Number Description
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99.1 Press Release of Buckeye Technologies Inc. dated February 17, 2005.
Exhibit 99.1
News from
[OBJECT OMITTED]
FOR IMMEDIATE RELEASE
Contacts: Kris Matula, Executive Vice President
and Chief Financial Officer
901-320-8588
Chad Foreman
Investor Relations Manager
901-320-8828
Website: www.bkitech.com
BUCKEYE ANNOUNCES EXPIRATION OF CONSENT SOLICITATION
MEMPHIS, TN February 17, 2005 - Buckeye Technologies Inc. (NYSE: BKI) announced
that its solicitation of consents (the "Consent Solicitation") from holders of
its outstanding $200 million aggregate principal amount of 8 1/2% Senior Notes
due 2013 (the "2013 Notes") to amend the indenture for the 2013 Notes expired on
February 16, 2005 without receipt of the requisite consents and will not be
extended. Consequently, the indenture for the 2013 Notes has not been amended
and no consent fee will be paid.
Buckeye also announced today that it intends to call for redemption $20 million
in aggregate principal amount of its outstanding 9 1/4% Senior Subordinated
Notes due 2008 (the "2008 Notes"), or 20% of the outstanding 2008 Notes on or
about March 23, 2005 in accordance with their terms. A formal notice of
redemption will be sent separately to the affected holders of the 2008 Notes in
accordance with the terms of the indenture for the 2008 Notes.
Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven
materials, is headquartered in Memphis, Tennessee, USA. The Company currently
operates facilities in the United States, Germany, Canada, and Brazil. Its
products are sold worldwide to makers of consumer and industrial goods.
Certain matters discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities laws that involve risks
and uncertainties, including but not limited to economic, competitive,
governmental, and technological factors affecting the Company's operations,
financing, markets, products, services and prices, and other factors. For
further information on factors which could impact the Company and the statements
contained herein, please refer to public filings with the Securities and
Exchange Commission.
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,
BUCKEYE TECHNOLOGIES INC.
/S/ KRISTOPHER J. MATULA
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Kristopher J. Matula
Executive Vice President and Chief Financial Officer
February 17, 2005