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| PLI > SEC Filings for PLI > Form 8-K on 31-Mar-2009 | All Recent SEC Filings |
31-Mar-2009
Entry into a Material Definitive Agreement, Financial Statements an
On March 31, 2009, Proliance International, Inc. (the "Company") entered into
the Twenty-Fifth Amendment (the "Twenty-Fifth Amendment") of the Credit and
Guaranty Agreement (as amended prior to March 31, 2009, the "Agreement") by and
among the Company and certain domestic subsidiaries of the Company, as
guarantors, the lenders party thereto from time to time (collectively, the
"Lenders"), Silver Point Finance, LLC ("Silver Point"), as administrative agent
for the Lenders, collateral agent and as lead arranger, and Wells Fargo
Foothill, LLC ("Wells Fargo"), as a lender and borrowing base agent for the
Lenders.
Pursuant to the Twenty-Fifth Amendment, and upon the terms and subject to the
conditions thereof, the reduction of the Waiver Reserve from $7,250,000 to
$2,250,000 has been extended from March 31, 2009 to April 7, 2009.
The foregoing description of the Twenty-Fifth Amendment does not purport to be
complete and is qualified in its entirety by reference to the Twenty-Fifth
Amendment, a copy of which is filed as Exhibit 10.1 hereto, and 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.
Item 1.01 of this Current Report on Form 8-K is hereby incorporated by
reference.
(d) Exhibits.
The following exhibit is attached to this Current Report on Form 8-K:
10.1 Twenty-Fifth Amendment to Credit Agreement dated March 31, 2009.
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