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TWGP > SEC Filings for TWGP > Form 8-K on 28-Nov-2012All Recent SEC Filings

Show all filings for TOWER GROUP, INC.

Form 8-K for TOWER GROUP, INC.


28-Nov-2012

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry Into A Material Definitive Agreement

On November 26, 2012, the Tower Group, Inc. (the "Company") entered into a Second Amendment to Credit Agreement and Consent (the "Second Amendment") to the $150 million Amended and Restated Credit Facility Agreement, dated as of February 15, 2012 (the "Credit Agreement"), with the various financial institution parties named therein as lenders (the "Lenders") and Bank of America, N.A., as Administrative Agent, Fronting Bank and L/C Administrator ("Bank of America").

The Second Amendment provides a consent of the required Lenders and Bank of America to a proposed merger of the Company with a subsidiary of Canopius Holdings Bermuda Limited that the Company may seek to consummate (the "Merger"). The Second Amendment also increases the Company's maximum revolving commitment by $70 million to $220 million upon the effectiveness of the Merger and the satisfaction of certain other conditions set forth in the Second Amendment.

The foregoing summary of the Second Amendment is not complete and is qualified in its entirety by a copy of the Second Amendment filed as Exhibit 10.1 to this Form 8-K, which exhibit is incorporated by reference to this Item 1.01.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits

10.1    Second Amendment to Credit Agreement and Consent to the Amended and
        Restated Credit Facility Agreement among the Company, Bank of America,
        N.A. as Administrative Agent, Fronting Bank and L/C Administrator, and the
        Lender parties thereto


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