Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
TWGP > SEC Filings for TWGP > Form 8-K on 26-Nov-2013All Recent SEC Filings

Show all filings for TOWER GROUP INTERNATIONAL, LTD.

Form 8-K for TOWER GROUP INTERNATIONAL, LTD.


26-Nov-2013

Other Events


Item 8.01 Other Events

As Tower Group International, Ltd. (the "Company") previously disclosed on November 25, 2013, the Company was unable to comply with its reporting covenant as a guarantor under that certain indenture, dated as of September 20, 2010 (the "Indenture"), by and between Tower Group, Inc., a subsidiary of the Company, and U.S. Bank National Association, as trustee (the "Trustee"), as the Company did not timely provide a copy of its Form 10-Q for the second quarter of 2013 ("Form 10-Q") to the Trustee within the time period prescribed under the Indenture, which resulted in an Event of Default (as defined in the Indenture) on November 19, 2013.

The Company filed the Form 10-Q on November 26, 2013. As a result of such filing, the Event of Default was cured and the Company was only obligated to pay additional interest to the holders of the notes issued under the Indenture (the "Notes") at an annual rate equal to 0.25% of the principal amount of the Notes for the period from November 19, 2013 to November 26, 2013. Accordingly, the Event of Default did not result in a material increase in the Company's obligations under the Indenture.

- 2 -


  Add TWGP to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for TWGP - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.