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AEGN > SEC Filings for AEGN > Form 8-K on 10-May-2013All Recent SEC Filings

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Form 8-K for AEGION CORP


10-May-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry Into a Material Definitive Agreement.

On May 6, 2013, Aegion Corporation (the "Company") executed a second amendment (the "Second Amendment") to its current credit agreement dated August 31, 2011 and amended on November 2, 2012 (the "Credit Agreement"). Pursuant to the terms of the Credit Agreement, the Company is limited in making certain restricted payments (including share repurchases) in excess of $5.0 million in any fiscal year if the Company's Consolidated Leverage Ratio (as defined in the Credit Agreement) is greater than or equal to 2.0 to 1.0. The Company previously repurchased $5.0 million of its common stock in 2013 pursuant to a previously disclosed share repurchase program. The Company sought to amend the Credit Agreement to allow for the additional $10.0 million share repurchase of its common stock in remainder of 2013. The Second Amendment authorizes an additional share repurchase of $10.0 million of the Company's common stock, to occur on or before December 31, 2013.

The foregoing description of the Second Amendment is qualified in its entirety by reference to the Second Amendment, dated May 6, 2013, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) The following exhibits are filed as part of this report:

         Exhibit  Description
         Number

         10.1     Second Amendment to Credit Agreement, dated May 6, 2013, filed
                  herewith (confidential portions have been omitted and filed
                  separately with the SEC)

* * *


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