Attached files
| file | filename |
|---|---|
| EX-4.1 - EXHIBIT - HANDY & HARMAN LTD. | exhibit41-secondamendmentt.htm |
UNITED STATES
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): September 13, 2013
HANDY & HARMAN LTD. | ||
(Exact name of registrant as specified in its charter) | ||
Delaware | 1-2394 | 13-3768097 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1133 Westchester Avenue, Suite N222, White Plains, New York | 10604 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (914) 461-1300
N/A |
(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)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications 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 September 13, 2013, Handy & Harman Group Ltd. (“HNH Group”), a wholly-owned subsidiary of Handy & Harman Ltd. (the “Company”), and certain subsidiaries of HNH Group, entered into an amendment (the “Amendment”) to its credit agreement, dated as of November 8, 2012, as amended on April 26, 2013, with PNC Bank, National Association, in its capacities as administrative agent and collateral agent for the lenders thereunder, to, among other things, increase the revolving loan commitments to an aggregate principal amount of $160,000,000, provide HNH Group with additional flexibility regarding its ability to utilize net cash proceeds from permitted asset sales, reset the amount of dividends and other distributions that may be made to the Company following the payment of $7,000,000 of previously declared dividends and amend certain financial covenants and the amortization schedule of the term loans. The Amendment is filed as Exhibit 4.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Reference is made to the discussion in Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Exhibits |
4.1 | Second Amendment, dated as of September 13, 2013, to the Credit Agreement, dated as of November 8, 2012, as amended on April 26, 2013, by and among Handy & Harman Group Ltd., certain of its subsidiaries as guarantors, PNC Bank N.A., in its capacity as agent acting for the financial institutions party thereto as lenders, and the financial institutions party thereto as lenders. |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
HANDY & HARMAN LTD. | ||
Dated: September 13, 2013 | By: | /s/ James F. McCabe, Jr. |
Name: | James F. McCabe, Jr. | |
Title: | Chief Financial Officer | |
Exhibits
Exhibit No. | Exhibits |
4.1 | Second Amendment, dated as of September 13, 2013, to the Credit Agreement, dated as of November 8, 2012, as amended on April 26, 2013, by and among Handy & Harman Group Ltd., certain of its subsidiaries as guarantors, PNC Bank N.A., in its capacity as agent acting for the financial institutions party thereto as lenders, and the financial institutions party thereto as lenders. |