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ABC > SEC Filings for ABC > Form 8-K on 1-May-2009All Recent SEC Filings

Show all filings for AMERISOURCEBERGEN CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for AMERISOURCEBERGEN CORP


1-May-2009

Entry into a Material Definitive Agreement


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.


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