HANDY & HARMAN LTD. (NASDAQ:HNH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Entry into a Material Definitive Agreement. |
On December 21, 2016, Handy Harman Group Ltd. (HNH Group), a
wholly-owned subsidiary of Handy Harman Ltd., and certain
subsidiaries of HNH Group, entered into a fourth amendment (the
Fourth Amendment) to its Amended and Restated Credit Agreement
(the Credit Agreement), dated as of August 29, 2014, with PNC
Bank, National Association, in its capacities as administrative
agent and collateral agent for the lenders thereunder, to, among
other things, consent to entering into a precious metal
consignment arrangement by Lucas Milhaupt, Inc., a wholly-owned
subsidiary of HNH Group, with The Bank of Nova Scotia, as
consignor, and permit the loan parties under the Credit Agreement
to enter into certain additional factoring arrangements on the
same conditions upon which such arrangements are already
permitted under the Credit Agreement for HNH Group.
The foregoing description of the Fourth Amendment is a summary,
does not purport to be complete and is qualified in its entirety
by reference to the full text of the Fourth Amendment, a copy of
which is filed as Exhibit 10.1 to this Current Report on Form
8-K, and the information contained therein is incorporated herein
by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits | |
| Exhibit No. | Exhibits | |
| 10.1 |
Fourth Amendment, dated as of December 21, 2016, to the Amended and Restated Credit Agreement, dated as of August 29, 2014, by and among Handy Harman Group Ltd., certain of its subsidiaries as guarantors, PNC Bank, National Association, in its capacity as agent acting for the financial institutions party thereto as lenders, and the financial institutions party thereto as lenders. |
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