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WCAA > SEC Filings for WCAA > Form 8-K on 27-Oct-2008All Recent SEC Filings

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Form 8-K for WCA WASTE CORP


27-Oct-2008

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement.

On October 22, 2008, WCA Waste Corporation (the "Company"), Comerica Bank, in its capacity as administrative agent, and certain other lenders, entered into the Eighth Amendment to Revolving Credit Agreement (the "Amendment") to amend the Revolving Credit Agreement dated July 5, 2006 (the "Credit Agreement"), by and between the Company, Comerica Bank as administrative agent and certain other lenders set forth therein. Pursuant to the Amendment, the Company is required to maintain an Adjusted EBIT Debt Service Ratio (as defined in the Credit Agreement), until maturity, of not less than 1.25 to 1.00. Additionally, pursuant to the Amendment, the applicable margin and fee schedule under the Credit Agreement is amended to read as follows:

     Leverage Ratio         Base Rate Loan   LIBOR Loan   Commitment Fee
       <3.00:1.00               2.25%          2.25%           0.5%
?3.00:1.00 and <3.50:1.00       2.50%          2.50%          0.50%
?3.50:1.00 and <4.00:1.00       2.75%          2.75%          0.50%
?4.00:1.00 and <4.50:1.00       3.00%          3.00%          0.75%
       ?4.50:1.00               3.25%          3.25%           1.0%

The above description of the material terms of the Amendment is not a complete statement of the rights and obligations with respect to the Credit Agreement. The above statements are qualified in their entirety by reference to the Amendment, a copy of which is filed as exhibit 10.1 hereto.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number                    Description
 Exhibit 10.1    Eighth Amendment to Revolving Credit Agreement


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