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SMP > SEC Filings for SMP > Form 8-K on 4-May-2009All Recent SEC Filings

Show all filings for STANDARD MOTOR PRODUCTS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for STANDARD MOTOR PRODUCTS INC


4-May-2009

Entry into a Material Definitive Agreement, Financial Statements and


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Amendment to Revolving Credit Facility

On May 1, 2009, the Company and certain of its wholly owned subsidiaries entered into an amendment of its Second Amended and Restated Credit Agreement dated as of March 20, 2007, as further amended (the "Credit Agreement"), with General Electric Capital Corporation, as agent, and a syndicate of lenders for a secured revolving credit facility. The amendment to the Credit Agreement provides for, among other things, the consent of the lenders to consummate the Company's offer to exchange of up to $20,000,000 aggregate principal amount of its 15% Convertible Subordinated Debentures due 2011 for a like principal amount of its outstanding 6 3/4% Convertible Subordinated Debentures due 2009.

We maintain ordinary banking relationships with General Electric Capital Corporation, certain of the other lenders and their respective affiliates. For these services, the parties have received, and may in the future receive, customary compensation and expense reimbursement.

The description set forth above is qualified by Amendment No. 5 to Second Amended and Restated Credit Agreement filed herewith as exhibit 10.26.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

10.26 Amendment No. 5 to Second Amended and Restated Credit Agreement, dated as of May 1, 2009, among Standard Motor Products, Inc., as borrower and the other credit parties thereto, and General Electric Capital Corp., as agent and lender, Bank of America, N.A. and Wachovia Bank, N.A., as lenders and co-syndication agents, JPMorgan Chase Bank, N.A., as lender and as documentation agent, and the other lenders thereto.

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