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): August 19, 2004
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Sypris Solutions, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-24020 61-1321992
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
101 Bullitt Lane, Suite 450
Louisville, Kentucky 40222
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (502) 329-2000
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99 Registrant's press release dated August 19, 2004.
Item 9. Regulation FD Disclosure
The Registrant's press release dated August 19, 2004, reporting it has
completed the second and final funding of a total issuance of $55 million of
unsecured senior notes through a private placement, is attached as Exhibit 99 to
this Form 8-K, and is furnished to the U.S. Securities and Exchange Commission
pursuant to Regulation FD.
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.
Dated: August 19, 2004 Sypris Solutions, Inc.
By: /s/ David D. Johnson
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David D. Johnson
Vice President and Chief Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description
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99 Registrant's press release dated August 19, 2004
Exhibit 99
Sypris Completes Issuance of $55 Million of Senior Notes
LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 19, 2004--Sypris Solutions,
Inc. (Nasdaq/NM:SYPR) today announced that it has completed the second
and final funding of a total issuance of $55 million of unsecured
senior notes through a private placement.
The $55 million has been divided into three series: Series A for
$7.5 million due in 2009 and bearing interest at 4.73%; Series B for
$27.5 million due in 2011 and bearing interest at 5.35%; and Series C
for $20 million due in 2014 and bearing interest at 5.78%. Series A
and C for $27.5 million closed on June 10, 2004 and Series B for an
additional $27.5 million closed on August 19, 2004.
The Company will use the proceeds from this financing to pay down
debt on its revolving credit facility and for general corporate
purposes.
The senior notes have not been registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
CONTACT: Sypris Solutions, Inc.
David D. Johnson, 502-329-2000