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| TRS > SEC Filings for TRS > Form 8-K on 20-Dec-2012 | All Recent SEC Filings |
20-Dec-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
On December 17, 2012, TriMas Corporation (the "Corporation") amended its existing accounts receivable facility among TSPC, Inc., as Transferor, the Corporation, as Collection Agent, TriMas Company LLC, as Guarantor, the persons party thereto from time to time as Purchasers, and Wells Fargo Bank, National Association, as LC Issuer and Administrative Agent (the "Amendment"). Pursuant to the Amendment, and subject to certain conditions stated therein, (i) the facility limit is increased to $105.0 million, (ii) the stated termination date of the facility is extended to October 11, 2017, and (iii) advances under the facility will bear discount at a per annum rate of three month LIBOR plus an applicable margin of 1.20% or 1.35%, depending on amounts drawn under the facility.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to Amendment No. 2 to the Amended and Restated Receivables Transfer Agreement and the Amended and Restated Fee Letter which are filed as Exhibits 10.1 and 10.2, respectively, to this Form 8-K and are incorporated by reference herein.
The information contained in and incorporated into Item 1.01 above is hereby incorporated in this Item 2.03 by reference.
The Corporation issued a press release (the "Press Release") dated as of December 20, 2012 announcing that TSPC, Inc., TriMas Company LLC and the Corporation had entered into the transactions described in Item 1.01 above.
The information furnished pursuant to this Item 8.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Corporation under the Securities Act of 1933 or the Exchange Act.
(d) Exhibits. The following exhibits are furnished or filed, as applicable, herewith:
Exhibit No. Description
10.1 Amendment No. 2, dated as of December 17, 2012, to the Amended and
Restated Receivables Transfer Agreement, dated as of September 15,
2011, as amended, among TSPC, Inc., as Transferor, TriMas
Corporation, as Collection Agent, TriMas Company LLC, as Guarantor,
the persons party thereto from time to time as Purchasers, and Wells
Fargo Bank, National Association, as LC Issuer and Administrative
Agent
10.2 Amended and Restated Fee Letter, dated as of December 17, 2012,
between Wells Fargo Bank, National Association, as LC Issuer and
Administrative Agent, and TSPC, Inc., as Transferor
99.1 Press Release dated December 20, 2012
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