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

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HDSN > SEC Filings for HDSN > Form 8-K on 7-Jul-2014All Recent SEC Filings

Show all filings for HUDSON TECHNOLOGIES INC /NY

Form 8-K for HUDSON TECHNOLOGIES INC /NY


7-Jul-2014

Creation of a Direct Financial Obligation or an Obligation under an O


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

On July 2, 2014, Hudson Technologies Company ("HTC"), a subsidiary of Hudson Technologies, Inc. (the "Registrant"), entered into a Third Amendment to Revolving Credit, Term Loan and Security Agreement (the "Amendment") with PNC Bank, National Association ("PNC"), which, among other things, extends the term of HTC's existing credit, term loan and security agreement with PNC (the "Facility"). Pursuant to the Amendment, which is effective June 30, 2014, the Termination Date of the Facility (as defined in the Facility) has been extended to June 18, 2018. The Amendment also amends the Minimum EBITDA covenant in the Facility to require that the Company maintain, on a trailing 12 month basis, tested quarterly, minimum EBITDA for the quarters ending June 30, 2014 through December 31, 2014, as follows:

              Period                                       Amount
              6 month period ending June 30, 2014        $ 1,123,000
              9 month period ending September 30, 2014   $ 1,330,000
              12 month period ending December 31, 2014   $   802,000

In connection with the Amendment, the Registrant and its subsidiary, Hudson Holdings, Inc., entered into a Guarantors' Ratification in which they acknowledged that the obligations under the Facility (as amended) are secured by their existing guaranty and suretyship agreements (the "Guarantors' Ratification"). All other material terms of the Facility remain unchanged.

The foregoing description of the Amendment and related documents does not purport to be complete and is qualified in its entirety by reference to the Amendment and the Guarantors' Ratification, which are filed as exhibits to this report and are incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 10.1 Third Amendment To Revolving Credit, Term Loan And Security Agreement between Hudson Technologies Company, and PNC Bank, National Association, dated July 2, 2014.
Exhibit 10.2 Guarantors' Ratification dated July 1, 2014, by the Registrant and Hudson Holdings, Inc.

  Add HDSN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HDSN - 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.