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CCC > SEC Filings for CCC > Form 8-K on 21-Mar-2014All Recent SEC Filings

Show all filings for CALGON CARBON CORPORATION

Form 8-K for CALGON CARBON CORPORATION


21-Mar-2014

Entry into a Material Definitive Agreement, Creation of a Direct Financ


Item 1.01 Entry into a Material Definitive Agreement.

On March 17, 2014, Calgon Carbon Japan KK ("CCJ"), a subsidiary of Calgon Carbon Corporation (the "Company"), entered into an extension of its preexisting Specialized Overdraft Account Agreement with BTM which provides for a working capital loan to CCJ (the "Working Capital Loan") with The Bank of Tokyo - Mitsubishi UFJ, Ltd. ("BTM").

Pursuant to the terms of the extension, the maturity was extended from April 2, 2014 to April 2, 2015. CCJ may make voluntary prepayments of principal before the full amount then outstanding is due and payable on April 2, 2015.

That certain working capital loan agreement dated March 31, 2010 among CCJ as the borrower and BTM as the lender remains outstanding according to its terms.

Pursuant to that certain Letter of Guarantee by and among BTM, CCJ and the Company dated May 10, 2013, a copy of which is incorporated herein by reference as Exhibit 10.4 to the Company's Current Report on Form 8-K filed May 17, 2013, the Company is jointly and severally liable as the guarantor of CCJ's obligations under the Working Capital Loan and the Company permitted CCJ to grant a security interest and continuing lien in certain of its assets to secure its obligations pursuant to the Working Capital Loan.

The summary of the material terms and conditions of the renewal of the Working Capital Loan in this Current Report on Form 8-K is qualified in its entirety by reference to the English translation of the full text of such documents, the same being attached hereto as Exhibit 10.1 and incorporated herein by reference. The original document is written in the Japanese language and the Japanese versions supersede the English translations.



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

The information provided under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.




Item 9.01 Financial Statements and Exhibits.

(d)Exhibits. The following exhibits are being filed pursuant to Item 601 of Regulation S-K to this Form 8-K:

Exhibit No.   Description

10.1          Renewal of Existing Credit Facility by and between The Bank of
              Tokyo-Mitsubishi UJF, Ltd. and Calgon Carbon Japan KK dated March 17,
              2014


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