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LNN > SEC Filings for LNN > Form 8-K on 19-Feb-2013All Recent SEC Filings

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Form 8-K for LINDSAY CORP


19-Feb-2013

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


Item 1.01 Entry Into a Material Definitive Agreement

On February 13, 2013, Lindsay Corporation (the "Company") entered into a Third Amendment to Credit Agreement (the "Third Amendment") to the Revolving Credit Agreement, dated January 24, 2008 (the "Credit Agreement"), by and between the Company and Wells Fargo Bank, National Association (the "Bank"). The Third Amendment extends the termination date of the Credit Agreement from January 23, 2014 to February 13, 2016. In addition, the interest rate on borrowings under the Credit Agreement was reduced to LIBOR plus 90 basis points, subject to adjustment as provided in the Third Amendment.

The Company originally entered into the Credit Agreement with the Bank on January 24, 2008 and previously amended the Credit Agreement on January 23, 2010 and again on January 23, 2011. The Credit Agreement was included as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on January 30, 2008. The First Amendment to Credit Agreement was included as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on January 26, 2010, and the Second Amendment to Credit Agreement was included as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on January 26, 2011.

A copy of the Third Amendment is filed as Exhibit 10.1 hereto and is 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

The description of the Third Amendment to the Credit Agreement set forth in Item 1.01 of this Report is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits

10.1 Third Amendment to Credit Agreement, dated February 13, 2013, by and between the Company and Wells Fargo Bank, National Association.

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