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ABC > SEC Filings for ABC > Form 8-K on 12-Mar-2013All Recent SEC Filings

Show all filings for AMERISOURCEBERGEN CORP | Request a Trial to NEW EDGAR Online Pro



Other Events

Item 8.01. Other Events.

On March 8, 2013, Citizens Bank of Pennsylvania (the "Bank") made an uncommitted, unsecured line of credit available to AmerisourceBergen Corporation (the "Company") pursuant to a Revolving Credit Note in an aggregate principal amount not to exceed $45,000,000. The line of credit provides the Company with the ability to request short-term unsecured revolving credit loans from time to time in a principal amount not to exceed $45,000,000 at any time outstanding. Each borrowing under the line of credit is subject to the prior approval of the Bank, in its sole discretion. The unpaid principal balance of each revolving credit loan, together with all accrued interest thereon, must be repaid on the applicable repayment date, which date shall not be later than 30 days after such loan was advanced. Interest on each revolving credit loan shall be the rate per annum offered by the Bank from time to time for such loans.

The Revolving Credit Note provides for certain events of default, which include (subject in certain cases to grace and cure periods), among others, nonpayment of principal or interest; breach of any covenant or agreement in the Revolving Credit Note; default under or failure to pay certain other indebtedness; and certain events of bankruptcy, insolvency, reorganization, administration or similar proceedings. Generally, if an event of default occurs, the Bank may demand the unpaid principal amount of the note outstanding, accrued interest and all other amounts owing by the Company to be due and payable immediately. The line of credit may be decreased or terminated by the Bank or the Company at any time without prior notice.

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