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NR > SEC Filings for NR > Form 8-K on 18-Feb-2014All Recent SEC Filings

Show all filings for NEWPARK RESOURCES INC

Form 8-K for NEWPARK RESOURCES INC


18-Feb-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhibi


Item 1.01 Entry into a Material Definitive Agreement.

On February 13, 2014, Newpark Resources, Inc. (the "Company") entered into a Second Amendment to Second Amended and Restated Credit Agreement (the "Second Amendment"), amending the Second Amended and Restated Credit Agreement dated as of November 22, 2011 entered into by the Company with JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., as Syndication Agent, Wells Fargo Bank, National Association, as Documentation Agent, and the several lenders from time to time parties thereto (the "Lenders"), as amended by that First Amendment dated October 10, 2012 (the "Credit Agreement").

The Second Amendment amends certain provisions of the Credit Agreement in order to:

? Obtain the consent of the Lenders to the sale of the Company's environmental services business;

? Exclude from the definition of Consolidated Net Income the net income of any business disposed of during a reporting period, calculated on a pro-forma basis for any such reporting period as if such disposition had occurred on the first date of such period and include in such definition the net income of any business acquired during a reporting period, calculated on a pro forma basis as if such acquisition had occurred on the first date of such period; and

? Increase the aggregate base amount allowed in the calculation for repurchase of Capital Stock from $50,000,000 to $100,000,000.

The foregoing description of the Second Amendment is qualified in its entirety by reference to the full text of the Second Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                Description
10.1          Second Amendment to Second Amended and Restated Credit Agreement,
              dated February 13, 2014, by and among Newpark Resources, Inc.,
              JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America,
              N.A., as Syndication Agent, Wells Fargo Bank, National Association, as
              Documentation Agent, and the several lenders parties thereto.


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