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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/23/20 Michaels Companies, Inc. 8-K:7 3/23/20 10:184K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 28K 7: R1 Cover HTML 47K 5: XML IDEA XML File -- Filing Summary XML 11K 8: XML XBRL Instance -- tm2013505-1_8k_htm XML 14K 10: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.LAB XBRL Labels -- mik-20200323_lab XML 96K 4: EX-101.PRE XBRL Presentations -- mik-20200323_pre XML 64K 2: EX-101.SCH XBRL Schema -- mik-20200323 XSD 12K 6: JSON XBRL Instance as JSON Data -- MetaLinks 25± 33K 9: ZIP XBRL Zipped Folder -- 0001104659-20-037334-xbrl Zip 11K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): i March 23, 2020
Commission File Number i 001-36501
i THE MICHAELS COMPANIES, INC.
IRS Employer
Identification No. i 37-1737959
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| i Common Stock, $0.06775 par value | i MIK | i Nasdaq Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure.
On March 23, 2020, The Michaels Companies, Inc. (the “Company”) announced that, as a precautionary measure in order to increase its cash position and preserve financial flexibility in light of the COVID-19 outbreak, its subsidiary, Michaels Stores, Inc. (“MSI”), had borrowed $600.0 million under the third amended and restated credit agreement, dated as of May 27, 2016, as amended, by and among MSI, Michaels Funding Inc., various other subsidiaries of the Company, Wells Fargo Bank, National Association and the other lenders party thereto (the “Amended Revolving Credit Facility”). After giving effect to such borrowings and issued and outstanding letters of credit, there is currently $129.8 million of unused borrowing capacity remaining under the Amended Revolving Credit Facility.
The information contained in this Current Report on Form 8-K is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Item 7.01 shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.
C:
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.
| THE MICHAELS COMPANIES, INC. | ||
| By: | /s/ James E. Sullivan | |
|
Chief Accounting Officer and Controller (Principal Financial Officer) | ||
Date: March 23, 2020
C:
C: 3
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| Filed on / For Period end: | 3/23/20 | |||
| 5/27/16 | 8-K | |||
| List all Filings | ||||