SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
December 23, 2002
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5: Other Events
On December 23, 2002 the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to an announcement by Registrant of an increase to its existing
credit facility with Congress Financial Corporation.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Press Release dated December 23, 2002 issued by Registrant.
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 hereunto duly authorized.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Joan H. Prusse
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Joan H. Prusse
Vice President, General Counsel
and Secretary
Date: December 23, 2002
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation JoAnne Nadalin
1999 Broadway, Suite 4300 Vice President and Controller
Denver, Colorado 80202 (303) 296-5659
TIMET ANNOUNCES INCREASE TO EXISTING CREDIT FACILITY
DENVER, COLORADO . . . December 23, 2002 . . . Titanium Metals Corporation
("TIMET") (NYSE: TIE) announced today that the maximum borrowings under its
existing revolving credit agreement with Congress Financial Corporation
(Southwest) have been increased from $90 million to $105 million effective
December 10, 2002. The increase in the maximum borrowings was the result of the
addition of a new participant to the agreement. The other terms of the revolving
credit agreement, as previously disclosed, remain unchanged, including the
maturity date of February 2006.
With this increase, TIMET's total worldwide maximum borrowing availability
is in excess of $150 million.
TIMET, headquartered in Denver, Colorado, is a leading worldwide producer
of titanium metal products. Information on TIMET is available on the internet at
www.timet.com.
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