Item 1.01. Entry into a Material Definitive Agreement

On May 18, 2009, Merix Corporation ("Merix") entered into an amendment to its loan and security agreement (the "First Amendment") for a $55 million credit facility with Bank of America, N.A., as administrative agent and lender. The First Amendment expands the accounts receivable assets eligible to be included in the borrowing base calculated with respect to the value of accounts receivable, equipment, real property, increasing the total borrowing base by approximately $7 million to $8 million as of May 22, 2009. The First Amendment also increases the interest rate applied to outstanding borrowings by a range of 0.5% to 1.5%, depending on the amount of Average Excess Availability, as defined in the loan and security agreement.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

10.1 First Amendment to Loan and Security Agreement, dated May 18, 2009, by and between Merix Corporation and Bank of America, N.A.,as administrative agent and lender.

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