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HNH > SEC Filings for HNH > Form 8-K on 13-Sep-2013All Recent SEC Filings

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Form 8-K for HANDY & HARMAN LTD.


13-Sep-2013

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


Item 1.01 Entry into a Material Definitive Agreement.

On September 13, 2013, Handy & Harman Group Ltd. ("HNH Group"), a wholly-owned subsidiary of Handy & Harman Ltd. (the "Company"), and certain subsidiaries of HNH Group, entered into an amendment (the "Amendment") to its credit agreement, dated as of November 8, 2012, as amended on April 26, 2013, with PNC Bank, National Association, in its capacities as administrative agent and collateral agent for the lenders thereunder, to, among other things, increase the revolving loan commitments to an aggregate principal amount of $160,000,000, provide HNH Group with additional flexibility regarding its ability to utilize net cash proceeds from permitted asset sales, reset the amount of dividends and other distributions that may be made to the Company following the payment of $7,000,000 of previously declared dividends and amend certain financial covenants and the amortization schedule of the term loans. The Amendment is filed as Exhibit 4.1 to this Current Report on Form 8-K, 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.

Reference is made to the discussion in Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Exhibits



4.1                   Second Amendment, dated as of September 13, 2013, to the
                      Credit Agreement, dated as of November 8, 2012, as amended
                      on April 26, 2013, by and among Handy & Harman Group Ltd.,
                      certain of its subsidiaries as guarantors, PNC Bank N.A.,
                      in its capacity as agent acting for the financial
                      institutions party thereto as lenders, and the financial
                      institutions party thereto as lenders.


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