Item 1.01. Entry into a Material Definitive Agreement.
For purposes hereof, the Registrant means AmerisourceBergen Corporation.
On April 30, 2009, the Ninth Amendment (the "Ninth Amendment") to the
Registrant's accounts receivables securitization facility (now with a base size
of $700 million) became effective. The securitization facility was originally
entered into as of July 10, 2003 among Amerisource Receivables Financial
Corporation, as seller, AmerisourceBergen Drug Corporation, as initial servicer,
various financial institutions, as purchasers, and the administrator, and has
been subsequently amended. Bank of America, National Association, is currently
the administrator under the Registrant's securitization facility.
The Ninth Amendment extends the maturity date of the securitization facility and
the Registrant chose to reduce the base size of the securitization facility from
$975 million to $700 million. The securitization facility retains an accordion
feature, which permits commitments under the facility to increase, subject to
lender approval, to $950 million for seasonal needs during the December and
March quarter. The securitization facility will expire on April 29, 2010. The
average cost of the securitization facility was increased in connection with the
Ninth Amendment due to current market conditions.
A copy of the Ninth Amendment is filed as Exhibit 99.1 to this report and is
incorporated herein by reference.
Item 2.03. Creation of Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is hereby incorporated by reference
under this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 The Ninth Amendment to Receivables Purchase Agreement, dated as of
April 30, 2009, among Amerisource Receivables Financial Corporation, as Seller,
AmerisourceBergen Drug Corporation, as initial Servicer, the Purchaser Agents
and Purchasers, the Exiting Purchaser Groups and Bank of America, National
Association, as Administrator.