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| PLI > SEC Filings for PLI > Form 8-K on 5-May-2009 | All Recent SEC Filings |
5-May-2009
Entry into a Material Definitive Agreement, Financial Statements an
On May 5, 2009, Proliance International, Inc. (the "Company") entered into the
Twenty-Ninth Amendment (the "Twenty-Ninth Amendment") of the Credit and Guaranty
Agreement (as amended prior to May 5, 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-Ninth Amendment, and upon the terms and subject to the
conditions thereof, the Waiver Reserve which was established in the amount of
$0, will be increased to $7,250,000 on the earliest of (x) the occurrence of an
Event of Default, other than any Prospective Event of Default, as defined in the
Agreement, and (y) May 12, 2009.
The foregoing description of the Twenty-Ninth Amendment does not purport to be
complete and is qualified in its entirety by reference to the Twenty-Ninth
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-Ninth Amendment to Credit Agreement dated May 5, 2009.
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