Item 1.01. Entry into a Material Definitive Agreement.
On December 3, 2009, A. H. Belo Corporation entered into the Second Amendment to
its Amended and Restated Credit Agreement dated as of January 30, 2009, as
amended by that certain First Amendment to Amended and Restated Credit Agreement
dated as of August 18, 2009 (the "Credit Agreement"),with JPMorgan Chase Bank,
N.A. and Capital One, N.A. (the "Lenders"). Among other matters, the Second
Amendment to the Credit Agreement extends the maturity date of the credit
facility from April 30, 2011 to September 30, 2012, reduces the total commitment
amount to $25 million, and releases a certain amount of real property securing
the facility. The amended facility remains subject to a borrowing base. If
borrowing capacity under the amended credit facility becomes less than
$17.5 million, then a fixed charge coverage ratio covenant of 1:1 will apply.
The Second Amendment also makes certain minor administrative amendments to the
Amended and Restated Pledge and Security Agreement dated as of January 30, 2009
(the "Security Agreement").
The Credit Agreement and Security Agreement as initially adopted are Exhibits
10.1 and 10.2, respectively, to the Company's Current Report on Form 8-K filed
February 2, 2009, and the First Amendment to the Credit Agreement dated
August 18, 2009 is Exhibit 10.1(5) to the Company's Form 10-Q filed November 13,
2009. The full text of the Second Amendment to Amended and Restated Credit
Agreement is filed as Exhibit 10.1 hereto and is incorporated herein by
reference. A copy of the press release announcing the entry into this Credit
Facility amendment is posted on the Company's Web site (www.ahbelo.com) in the
Investor Relations section, and a copy of the press release is furnished with
this report as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
10.1 Second Amendment to Amended and Restated Credit Agreement dated as of
December 3, 2009
99.1 Press Release dated December 4, 2009
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: December 4, 2009 A. H. BELO CORPORATION
By: /s/ Alison K. Engel
Alison K. Engel
Senior Vice President/Chief Financial
Officer and Treasurer