XERIUM TECHNOLOGIES, INC. (NYSE:XRM) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On June19, 2018, Xerium Technologies, Inc. (the “Company”) entered into the Fourth Amendment to Revolving Credit and Guaranty Agreement (the “Amendment”), which amends the Revolving Credit and Guaranty Agreement dated as of November3, 2015 (as previously amended, the “Credit Agreement”), by and among the Company, the other borrowers party thereto, the guarantors party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent, and J.P. Morgan Europe Limited, as European Administrative Agent and European Collateral Agent.
The Amendment revises the Credit Agreement to, among other things, reduce the Applicable Margin used to determine the interest rate for Domestic Rate Loans, Canadian Prime Rate Loans and US Base Rate Loans under the Domestic Facility. No changes were made to the Applicable Margin used for LIBOR Rate Loans or CDOR Rate Loans under the Domestic Facility, and no changes were made to the Applicable Margin used for LIBOR Rate Loans or Overnight LIBOR Rate Loans under the European Facility.
The foregoing description of the Amendment is not intended to be complete, and is qualified in its entirety by the complete text of the Amendment, which is filed with this Current Report on Form8-K as Exhibit 10.1 and is incorporated herein by reference.
| Item 1.01. | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are filed herewith.
XERIUM TECHNOLOGIES INC ExhibitEX-10.1 2 d542156dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 FOURTH AMENDMENT TO REVOLVING CREDIT AND GUARANTY AGREEMENT THIS FOURTH AMENDMENT TO REVOLVING CREDIT AND GUARANTY AGREEMENT (this Amendment) is made and entered into this 19th day of June,…To view the full exhibit click here
About XERIUM TECHNOLOGIES, INC. (NYSE:XRM)
Xerium Technologies, Inc. (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers. Its machine clothing segment products include various types of industrial textiles used on paper-making machines and manufactures spreader rolls. Through its roll covers segment, it manufactures various types of roll covers, refurbishes previously installed roll covers, provides mechanical services for the internal mechanisms of rolls used on paper-making machines, and manufactures spreader rolls. In addition, its products are also installed in other industrial applications, such as non-woven and fiber cement machines.