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

Date of Report (Date of earliest event reported): October 22, 2007

DRYCLEAN USA, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

0-9040

11-2014231

(Commission File Number)

(IRS Employer Identification No.)

290 N.E. 68 Street, Miami, Florida

33138

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (305) 754-4551

Not Applicable

(Former name or former address, if changed since last report)

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o
  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o
  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01     Entry into a Material Definitive Agreement

          On October 22, 2007, the Company received a letter, dated October 18, 2007, from Wachovia Bank, National Association (the “Lender”), extending until October 30, 2008 the Company’s existing $2,250,000 revolving line of credit facility.

Item 9.01      Financial Statements and Exhibits.

 

                     (a)     Financial Statements of Businesses Acquired:     None
 
                     (b)     Pro Forma Financial Information:               None
 
                     (c)     Exhibits:
 

    4.01   Letter, dated October 18, 2007, from Wachovia Bank, National Association, among other things, extending the Company’s revolving credit facility.

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 thereunto duly authorized.

 

 

Date: October 22, 2007

 
 
DRYCLEAN USA, Inc.

By: /s/ Michael S. Steiner                                   
       Michael S. Steiner
       President

2


EXHIBIT INDEX

Exhibit No.     Description                         
 
4.1                   Letter, dated October 18, 2007, from Wachovia Bank, National Association, among other things, extending the Company’s revolving credit facility.