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XIDEQ > SEC Filings for XIDEQ > Form 8-K on 18-Jul-2013All Recent SEC Filings

Show all filings for EXIDE TECHNOLOGIES

Form 8-K for EXIDE TECHNOLOGIES


18-Jul-2013

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


Item 1.01 Entry into a Material Definitive Agreement

On July 12, 2013, Exide Technologies, a debtor and a debtor-in-possession (the "Company" or the "Debtor") in a pending case in the United States Bankruptcy Court for the District of Delaware under Chapter 11 of the United States Bankruptcy Code, restated its existing Superiority Debtor-in-Possession Credit Agreement, dated as of June 9, 2013, pursuant to that certain Amended and Restated Superiority Debtor-in-Possession Credit Agreement, dated as of July 12, 2013, by and among the Company, as US Borrower, Exide Global Holding Netherlands C.V., as Foreign Borrower, the lenders from time to time party thereto and JP Morgan Chase Bank, N.A., as Agent (the "Restated DIP Financing").

The Restated DIP Financing effected amendments to certain borrowing mechanics and certain other provisions, including (i) addition of a $25 million swingline facility sublimit, (ii) creation of two separate tranches in the existing $225 million revolver facility - a $110 million facility under which only advances denominated in U.S. Dollars can be drawn and a $115 million facility under which advances denominated in U.S. Dollars or Euros can be drawn, and (iii) other modifications to facilitate the making of loans to the Foreign Borrower.

The foregoing description of the Restated DIP Financing does not purport to be complete and is qualified in its entirety by reference to the text of such document, which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.



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

The information described above under "Item 1.01. Entry into a Material Definitive Agreement" is incorporated herein by reference.



Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On July 18, 2013, the Nasdaq Stock Market ("NASDAQ") issued a press release, pursuant to its obligations under Nasdaq Listing Rule 5830 and Rule 12d2-2 of the Securities Exchange Act, advising that the Company's common stock will be delisted ten days after NASDAQ files the Form 25.

Item 9.01 Exhibits

10.1 Amended and Restated Superiority Debtor-in-Possession Credit Agreement, dated as of July 12, 2013, by and among Exide Technologies, a Debtor and a Debtor-in-Possession under Chapter 11 of the Bankruptcy Code, as US Borrower, Exide Global Holding Netherlands C.V., as Foreign Borrower, the lenders from time to time party thereto and JP Morgan Chase Bank, N.A., as Agent


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