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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
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): FEBRUARY 4, 2003
VERITAS DGC INC.
(Exact Name of Registrant As Specified In Its Charter)
DELAWARE 001-7427 76-0343152
(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
10300 TOWN PARK
HOUSTON, TEXAS 77072
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
832-351-8300
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS
In anticipation of closing a major refinancing, Veritas DGC Inc.
("Veritas") notified U.S. Bank National Association (the "Trustee") by letter
dated February 4, 2003 that Veritas is electing, subject to revocation of the
notice, to redeem (1) all of the securities designated 9 3/4% Senior Notes due
in 2003 (the "Initial Notes"), in the aggregate principal amount of $75,000,000,
issued pursuant to the Indenture dated as of October 23, 1996, between Veritas
and Fleet National Bank (the "First Indenture"), and (2) all of the securities
designated 9 3/4% Senior Notes due in 2003, Series B (the "Series B Notes"), and
all of the securities designated 9 3/4% Senior Notes due in 2003, Series C (the
"Series C Notes," and together with the Series B Notes and the Initial Notes,
the "Senior Notes"), together in the aggregate principal amount of $60,000,000,
both issued pursuant to the Indenture dated as of October 28, 1998, between
Veritas and State Street Bank and Trust Company (the "Second Indenture," and
together with the First Indenture, the "Indentures"). The Redemption Date, as is
defined in the Indentures, is currently expected to be March 14, 2003. As is
provided in the Indentures, Veritas's notice to the Trustee is revocable until
written notice of redemption is given to the holders of the Senior Notes. The
Trustee has been instructed not give the notice of redemption to the holders of
the Senior Notes until Veritas specifically confirms that the notice should be
sent.
Veritas can give no assurance that the anticipated refinancing will
occur or that the Senior Notes will be redeemed prior to their maturity in
October 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VERITAS DGC INC.
(Registrant)
/s/ Matthew D. Fitzgerald
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Matthew D. Fitzgerald
Executive Vice President, Chief Financial
Officer and Treasurer
Date: February 5, 2003