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ABC > SEC Filings for ABC > Form 8-K on 22-Jul-2014All Recent SEC Filings

Show all filings for AMERISOURCEBERGEN CORP

Form 8-K for AMERISOURCEBERGEN CORP


22-Jul-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item. 1.01. Entry into a Material Definitive Agreement.

On July 17, 2014, AmerisourceBergen Corporation (the "Registrant") entered into a Seventh Amendment to Amended and Restated Receivables Purchase Agreement, dated as of July 17, 2014 (the "Seventh Amendment"), among AmeriSource Receivables Financial Corporation ("ARFC"), as seller, AmerisourceBergen Drug Corporation ("ABDC"), as servicer, the Purchaser Agents and Purchasers party thereto and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as administrator. The Seventh Amendment amends the Registrant's obligations under the securitization facility by increasing the Dilution Ratio necessary to trigger an Amortization Event from 4.25% to 5.75%.

The securitization facility is available to provide additional liquidity and funding for the ongoing business needs of the Registrant and its subsidiaries. The securitization facility is based on the accounts receivables originated by ABDC for the sale of pharmaceuticals and other related services. Pursuant to the securitization facility, ABDC sells its accounts receivables to ARFC. ARFC may sell interests in the accounts receivables purchased from ABDC to the various purchaser groups party to the securitization facility, paying interest on amounts outstanding under the facility. The securitization facility, as amended, has a base limit of $950 million, with an option to increase the commitments of the participating banks, subject to their approval, by an additional $250 million for seasonal needs during the December and March quarters. The Registrant serves as the performance guarantor of ABDC's obligations as originator and servicer under the securitization facility. Any capitalized terms not defined in this Current Report on 8-K shall have the meaning set forth in the Amended and Restated Receivables Purchase Agreement, dated as of April 29, 2010, as amended.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is filed as part of this report:

10.1 The Seventh Amendment to Amended and Restated Receivables Purchase Agreement, dated as of July 17, 2014, among AmeriSource Receivables Financial Corporation, as Seller, AmerisourceBergen Drug Corporation, as Servicer, the Purchaser Agents and Purchasers party thereto and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Administrator.


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