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WIRE > SEC Filings for WIRE > Form 8-K on 24-Jun-2013All Recent SEC Filings

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Form 8-K for ENCORE WIRE CORP


24-Jun-2013

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On June 18, 2013, Encore Wire Corporation, a Delaware corporation (the "Company"), entered into a commercial contract of sale (the "Purchase Agreement") with VTCR, LP, MADMT, LP and Prairie Flight, LP (collectively, the "Sellers"). Pursuant to the Purchase Agreement, the Company agreed to acquire a certain 200.993 acre tract of real property located in Collin County, Texas and the improvements and fixtures situated thereon (the "Property") from Sellers for a purchase price of $25,707,350.00 in cash. In connection with the execution of the Purchase Agreement, the Company paid into escrow an earnest money deposit in the amount of $10,000.00 to be applied against the purchase price at the closing of the transaction.

The closing of the acquisition of the Property is subject to numerous customary undertakings, covenants, obligations and conditions and is expected to be completed on or about June 28, 2013.

The foregoing description of the terms of the Purchase Agreement is not complete and is qualified in its entirety by the terms and conditions of the Purchase Agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending June 30, 2013.


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