P. H. Glatfelter Company (NYSE:GLT) Files An 8-K Entry into a Material Definitive Agreement

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P. H. Glatfelter Company (NYSE:GLT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01  Entry into a Material Definitive Agreement.

On February 1, 2017, P. H. Glatfelter Company (the “Company”) entered into a First Amendment to Second Amended and Restated Credit Agreement (the “First Amendment”) with certain lenders party thereto (the ‘Lenders”) and PNC Bank, National Association, in its capacity as administrative agent for the Lenders.  The First Amendment revises the definition of EBITDA under the Credit Agreement for certain purposes to, among other things, adjust the allowable amount of gains from sales of timberland properties, provide for the exclusion of certain unusual or non-recurring charges and adjust the amount of charges related to environmental remediation, damages or costs at the Fox River site in Wisconsin.

The description of the agreement set forth above is qualified by reference to the First Amendment filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is filed herewith:

10.1First Amendment to Second Amended and Restated Credit Agreement, dated as of February 1, 2017, by and among P. H. Glatfelter Company, the Lenders party thereto, and PNC Bank, National Association, in its capacity as administrative agent for the Lenders.


About P. H. Glatfelter Company (NYSE:GLT)

P. H. Glatfelter Company (Glatfelter) is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, which is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wall covering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications; Advanced Airlaid Materials, which is engaged in the sale of airlaid non-woven fabric-like materials used in feminine hygiene and adult incontinence products, wipes and other airlaid applications, and Specialty Papers, which is engaged in the sale of papers for carbonless and other forms, envelopes, book publishing and engineered products, such as papers for high-speed ink jet printing, office specialty products, greeting cards, packaging, casting, release, transfer, playing card, postal, food and beverage applications, and other specialty applications.

P. H. Glatfelter Company (NYSE:GLT) Recent Trading Information

P. H. Glatfelter Company (NYSE:GLT) closed its last trading session up +0.10 at 24.10 with 220,193 shares trading hands.