Joy Global Inc. (NYSE:JOY) Files An 8-K Other Events

Joy Global Inc. (NYSE:JOY) Files An 8-K Other Events

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Item 8.01. Other Events.

On January 24, 2017, Joy Global Inc. (the Company) entered into a
supplemental indenture (the Supplemental Indenture) to the
Indenture, dated as of November 10, 2006, between the Company and
Wells Fargo Bank, National Association, as trustee (as amended
and supplemented from time to time, the Indenture), which governs
the Companys 5.125% Senior Notes due 2021 and 6.625% Senior Notes
due 2036 (collectively, the Notes). The Company previously
received consents from the holders of a majority in aggregate
principal amount of the Notes, voting together as a single class,
to the adoption of the amendments contained in the Supplemental
Indenture.
The Supplemental Indenture provides that if the Companys pending
merger with an indirect wholly owned subsidiary of Komatsu Ltd.
(Komatsu) is completed, in the event that Komatsu decides, in its
sole discretion, to provide an unconditional guarantee of the
Companys payment obligations under the Indenture with respect to
the Notes, Komatsu will post on its website annual, quarterly and
event-specific reports (prepared under applicable Japanese law
and translated into English) that it is required to publish under
the Financial Instruments and Exchange Act of Japan and the rules
governing timely disclosure of corporate information by issuers
of listed securities on the Tokyo Stock Exchange. These reports
would be made available to holders of the Notes in lieu of the
Companys existing annual, quarterly and current reporting, which
the Company would cease producing for so long as a Komatsu
guarantee remains in force. The Supplemental Indenture also
contains mechanical provisions regarding the potential guarantee
by Komatsu of the Companys payment obligations under the
Indenture with respect to the Notes.
The foregoing description of the Supplemental Indenture does not
purport to be complete and is subject to and qualified in its
entirety by reference to the Supplemental Indenture, a copy of
which is filed with this Current Report on Form 8-K as Exhibit
4.1 and the terms of which are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
4.1
Fifth Supplemental Indenture, dated as of January 24,
2017, among the Company, the subsidiary guarantors
party thereto and Wells Fargo Bank, National
Association, as trustee.


About Joy Global Inc. (NYSE:JOY)

Joy Global Inc. is a manufacturer and servicer of mining equipment for the extraction of metals and minerals. The Company manufactures and markets original equipment and parts, and performs services for both underground and surface mining, as well as certain industrial applications. It operates in two business segments: Underground Mining Machinery (Underground) and Surface Mining Equipment (Surface). The Company is a producer of underground mining machinery for the extraction of coal, potash, salt, platinum and other bedded materials. It is also a producer of surface mining equipment for the extraction and haulage of copper, coal and other minerals and ores. The Company produces electric mining shovels, and also produces blasthole drills, walking draglines and wheel loaders for open-pit mining operations. The Company’s equipment is used in mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals.

Joy Global Inc. (NYSE:JOY) Recent Trading Information

Joy Global Inc. (NYSE:JOY) closed its last trading session up +0.01 at 28.16 with 693,016 shares trading hands.

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