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DORM > SEC Filings for DORM > Form 8-K on 21-Dec-2012All Recent SEC Filings

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Form 8-K for DORMAN PRODUCTS, INC.


21-Dec-2012

Entry into a Material Definitive Agreement, Creation of a Direct Financial


Item 1.01. Entry into a Material Definitive Agreement.

On December 20, 2012, Dorman Products, Inc. (the "Company") entered into Amendment No. 3 ("Amendment No. 3") to the Third Amended and Restated Credit and Security Agreement, dated July 24, 2006, by and between the Company and Wells Fargo Bank, National Association, (successor by merger to Wachovia Bank, National Association) (the "Bank"), as amended December 24, 2007 and April 19, 2010 (the "Agreement"). The Agreement provides the Borrower with a $30 million maximum aggregate credit facility.

Amendment No. 3 amends the Agreement by extending the Revolving Credit Termination Date to June 30, 2015 and amending the definitions of Applicable Margin and change of control. Pursuant to Amendment No. 3, the Applicable Margin will fluctuate between 75 basis points and 250 basis points and the fee for unused Credit Facilities will fluctuate between 0.10% and 0.25% based on the ratio of the Company's Consolidated Funded Debt to Consolidated EBITDA.

Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Agreement, as amended. A copy of the Agreement and the amendments thereto were filed as exhibits to the Company's Current Reports on Form 8-K filed on July 27, 2006, January 2, 2008 and April 27, 2010. The foregoing description of Amendment No. 3 does not purport to be complete and is qualified in its entirety by reference to Amendment No. 3, which is filed as an exhibit to this Current Report. For additional information regarding the Company's credit facility, please see the Company's Current Reports on Form 8-K filed on July 27, 2006, January 2, 2008 and April 27, 2010.



Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 above of this Current Report on Form 8-K is incorporated into this Item 2.03 of this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.

Exhibit
Number                                    Description

99.1         Amendment No. 3 ("Amendment No. 3") to the Third Amended and Restated
             Credit and Security Agreement.


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