SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
May 27, 2003
GRIFFIN LAND & NURSERIES, INC.
(Exact name of registrant as specified in charter)
DELAWARE 0-29288 06-0868496
-------- ------- ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
ONE ROCKEFELLER PLAZA, NEW YORK, NEW YORK 10020
----------------------------------------- -----
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (212) 218-7910
--------------
Item 9. Regulation FD Disclosure
------- --------------------------
On May 27, 2003, Griffin Land & Nurseries, Inc. ("Registrant")
announced that its revolving credit agreement with Fleet National Bank
has been increased from $14.1 million to $20.5 million. Registrant's
May 27, 2003 Press Release is attached hereto as Exhibit 99.1 and
incorporated by reference into this Item 9.
Exhibit 99.1: Registrant's May 27, 2003 Press Release (attached
hereto).
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.
GRIFFIN LAND & NURSERIES, INC.
/s/ Anthony J. Galici
---------------------
Anthony J. Galici
Vice President, Chief Financial Officer and
Secretary
Dated: May 28, 2003
NEWS FROM: EXHIBIT 99.1
-------------
GRIFFIN LAND & NURSERIES, INC. CONTACT:
ANTHONY GALICI
CHIEF FINANCIAL OFFICER
(860) 653-4541
GRIFFIN ANNOUNCES INCREASE IN CREDIT LINE
-----------------------------------------
NEW YORK, NEW YORK (MAY 27, 2003) GRIFFIN LAND & NURSERIES, INC. (NASDAQ: GRIF)
("GRIFFIN") announced today that its revolving credit agreement with Fleet
National Bank has been increased from $14.1 million to $20.5 million. Borrowings
under the revolving credit agreement, which are collateralized by certain of
Griffin's real estate assets, are used principally to finance working capital
requirements of Griffin's landscape nursery and real estate businesses and for
development of Griffin's real estate assets.
Griffin operates a landscape nursery business, Imperial Nurseries, Inc.,
and a real estate business, Griffin Land, and has an approximate 35% equity
investment in Centaur Communications, Ltd., a publishing company based in the
United Kingdom.
Forward-Looking Statements:
This Press Release includes "forward-looking statements" within the meaning
of Section 27A of the Securities Act and Section 21E of the Exchange Act.
Although Griffin believes that its plans, intentions and expectations reflected
in such forward-looking statements are reasonable, it can give no assurance that
such plans, intentions or expectations will be achieved. The projected
information disclosed herein is based on assumptions and estimates that, while
considered reasonable by Griffin as of the date hereof, are inherently subject
to significant business, economic, competitive and regulatory uncertainties and
contingencies, many of which are beyond the control of Griffin.