Item 1.01 Entry into a Material Definitive Agreement.
On June 15, 2009, Proliance International, Inc. (the "Company") entered into the Thirty-Fifth Amendment (the "Thirty-Fifth Amendment") of the Credit and Guaranty Agreement (as amended prior to June 15, 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-Fifth Amendment, and upon the terms and subject to the conditions thereof, the Waiver Reserve expiration due to occur on June 15, 2009 was extended until June 22, 2009. In addition, the Forbearance, granted in the Twenty-Second Amendment, which was due to expire on June 15, 2009, was extended until June 22, 2009.
The foregoing description of the Thirty-Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the Thirty-Fifth 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-Fifth Amendment to Credit Agreement dated June 15, 2009.

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