Schein Pharmaceutical Inc – ‘8-K’ for 11/6/98

As of:  Tuesday, 11/17/98   ·   For:  11/6/98   ·   Accession #:  922423-98-1312   ·   File #:  1-14019

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report on Form 8-K                             4      9K 
 2: EX-99.1     Amended and Restated Credit Agreement                 12     50K 

8-K   —   Current Report on Form 8-K
Document Table of Contents

8-K
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Pursuant To Section 13 Or 15(D) of the
 Securities Exchange Act Of 1934

Date of Report: November 6, 1998

 SCHEIN PHARMACEUTICAL, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)

1-14019                                     11-2726505  
-----------------------------------       --------------------------------------
  (Commission File Number)               (I.R.S. EmployerIdentification No.)

100 Campus Drive
Florham Park, NJ 07932
(Address of principal executive offices)

973-593-5500
------------------------------------------------------
(Registrant's telephone number, including area code)

8-K
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ITEM 5. OTHER EVENTS.                                                           

Schein  Pharmaceutical,  Inc.  the  ("Company")  has entered into an Amended and
Restated  Credit  Agreement  with its bank group  dated  November  6, 1998.  The
amendment  provides  for an  increase  in  permissible  investments  and certain
indebtedness.  Additionally,  it modified the minimum net worth  requirement and
adjusted certain required ratios (as defined therein) including leverage,  fixed
charge  coverage and interest  expense  coverage.  The  amendment  increases the
future interest rate spread the Company will pay under the revolving  credit and
term loan agreements  depending upon the Company's  performance against leverage
and interest expense ratios.                                                    

A copy of the  Amended  and  Restated  Credit  Agreement,  referred  to above is
attached to this Form 8-K as Exhibit and is incorporated herein by reference.   

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.     

(C)      EXHIBITS                                                               

99.1     Amended and Restated Credit Agreement Dated November 6, 1998           

8-K
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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 thereunto duly authorized.                                          

                                  SCHEIN PHARMACEUTICAL, INC

Dated:       November 17, 1998              By:                                 
                                                --------------------------------
                               Dariush Ashrafi
                                            Executive Vice President and
                                       Chief Financial Officer

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INDEX TO EXHIBIT                                                                

Exhibit No.                Description                                          
-----------                -----------                                          

99.1                     Amended and Restated Credit Agreement Dated        
November 6, 1998          

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		11/17/98		3					None on these Dates
For Period End:		11/6/98		1		4
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