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POOL > SEC Filings for POOL > Form 8-K on 24-Sep-2013All Recent SEC Filings

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Form 8-K for POOL CORP


Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

The information set forth under Item 2.03 of this report on Form 8-K is incorporated in this Item 1.01 by reference.

On September 20, 2013, Pool Corporation (the "Company") entered into that certain Fourth Amendment to Credit Agreement and First Amendment to Subsidiary Guaranty Agreement (the "Amendment") among the Company, as US Borrower, SCP Distributors Canada Inc., as Canadian Borrower, SCP Pool B.V., as Dutch Borrower, the subsidiary guarantors party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and certain other lenders party thereto. The Amendment amends certain terms of the Company's existing senior credit facility including the following: (1) extending the maturity date to September 20, 2018; (2) increasing the borrowing capacity to $465.0 million from $430.0 million; (3) providing additional capacity under certain negative covenants, including indebtedness, liens, investments, sale of assets and dividends; and
(4) replaced (a) JPMorgan Chase Bank, N.A. as syndication agent with each of Bank of America N.A. and Union Bank, N.A., each as a Syndication Agent, (b) JPMorgan Securities LLC as a joint lead arranger and joint bookrunner with each of Merrill Lynch, Pierce, Fenner & Smith Incorporated and Union Bank, N.A., each as a joint lead arranger and joint bookrunner. Regions Bank and Capital One, N.A., each remain as a documentation agent.

In the ordinary course of business, the Company and its affiliates have engaged, and may in the future engage, certain parties to the Credit Agreement or the affiliates of such parties to provide commercial banking, investment banking, and other services for which the Company or its affiliates pay customary fees and commissions.

The description of the amendment set forth above is qualified by reference to the Amendment, which is filed as Exhibit 10.1 to this Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 above is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

   (d)    Exhibits
  10.1    Fourth Amendment to Credit Agreement and First Amendment to
          Subsidiary Guaranty Agreement

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