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 29, 2002
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NATIONAL R.V. HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22268 33-0371079
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification
No.)
3411 N. PERRIS BOULEVARD
PERRIS, CALIFORNIA 92571
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(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (909) 943-6007
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Item 5. Other Events
On August 29, 2002, National R.V. Holdings, Inc. (the "Company") along with
its two wholly owned subsidiaries, Country Coach, Inc. and National R.V., Inc.
entered into a secured revolving credit facility in the amount of $15,000,000.00
with UPS Capital Corporation, of which up to $7,000,000.00 is available for
letter-of-credit purposes. The credit facility is also available for the
repayment of existing debt and for general corporate and working capital needs.
The credit facility with UPS Capital Corporation is secured by all of the assets
(other than real property) of the Company, National R.V., Inc. and Country
Coach, Inc. The credit facility contains, among other provisions, certain
covenants, including a net worth covenant if the Company's excess availability
under the facility drops below a particular level.
On August 29, 2002, the Company obtained an advance under its new
credit facility with UPS Capital Corporation. The proceeds of the advance were
used to pay off its credit facility with Bank of America, N.A. which expired on
August 15, 2002.
Item 7. Exhibits
10.1 Loan and Security Agreement
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.
NATIONAL R.V. HOLDINGS, INC.
By: /s/ Mark D. Andersen
Mark D. Andersen
Chief Financial Officer
Date: August 29, 2002