Item 1.01 Entry into a Material Definitive Agreement.
On June 2, 2009, Proliance International, Inc. (the "Company") entered into the Thirty-Third Amendment (the "Thirty-Third Amendment") of the Credit and Guaranty Agreement (as amended prior to June 2, 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 Thirty-Third Amendment, and upon the terms and subject to the conditions thereof, the Waiver Reserve expiration due to occur on June 2, 2009 was extended until June 9, 2009. In addition, the Forbearance, granted in the Twenty-Second Amendment, which was due to expire on June 2, 2009, was extended until June 9, 2009.
The foregoing description of the Thirty-Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Thirty-Third 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is attached to this Current Report on Form 8-K:
10.1 Thirty-Third Amendment to Credit Agreement dated June 2, 2009.

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