SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 26, 2004 (October 21, 2004)
Date of Report (Date of earliest event reported)
REDHOOK ALE BREWERY, INCORPORATED
(Exact Name of Registrant as Specified in Charter)
Washington 0-26542 91-1141254
(State or Other Jurisdiction (Commission file number) (I.R.S. Employer
of Incorporation) Identification No.)
14300 NE 145th Street, Suite 210
Woodinville, Washington 98072
(Address of Principal Executive Offices, Zip Code)
(425) 483-3232
(Registrant's Telephone Number, Including Area Code)
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))
Item 1.01. Entry into a Material Definitive Agreement
On October 21, 2004, Redhook Ale Brewery, Incorporated (the "Company") and U.S.
Bank National Association ("U.S. Bank") entered into the Eleventh Amendment to
Amended and Restated Credit Agreement. The amendment, effective as of September
28, 2004, reduces the minimum Tangible Net Worth covenant under the Amended and
Restated Credit Agreement to $60,000,000 from $62,000,000, and reduces the
minimum Working Capital covenant to $1,900,000 from $2,500,000. The revisions
were executed in conjunction with the anticipated impact on the Company's
financial statements of the July 1, 2004 agreements between the Company and
Widmer Brothers Brewing Company, Craft Brands Alliance and Anheuser-Busch, Inc.
In addition to the credit agreement between the Company and U.S. Bank, the
Company also has an ongoing banking relationship with U.S. Bank. The Eleventh
Amendment to Amended and Restated Credit Agreement is attached hereto as Exhibit
10.1.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
Exhibit No. Description
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10.1 Eleventh Amendment to Amended and Restated Credit Agreement
between U.S. Bank National Association and Redhook Ale
Brewery, Incorporated, dated as of September 28, 2004
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 hereunto duly authorized.
REDHOOK ALE BREWERY, INCORPORATED
Dated: October 26, 2004 By: /s/ DAVID J. MICKELSON
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David J. Mickelson
Executive Vice President,
Chief Financial Officer and
Chief Operating Officer
EXHIBIT INDEX
Exhibit No. Exhibit
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10.1 Eleventh Amendment to Amended and Restated Credit Agreement
between U.S. Bank National Association and Redhook Ale Brewery,
Incorporated, dated as of September 28, 2004