8-K Release

 







UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934





 

 



 

 

Date of Report (Date of earliest event reported):

 

August 29, 2016



Ferro Corporation

__________________________________________

(Exact name of registrant as specified in its charter)





 

 



 

 

Ohio

1-584

34-0217820

_____________________

(State or other jurisdiction

_____________

(Commission

______________

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)



 

 

6060 Parkland Boulevard,

Suite 250

Mayfield Heights, Ohio

 

44124

_______________________________ (Address of principal executive offices)

 

___________

(Zip Code)







 

 



 

 

Registrant’s telephone number, including area code:

 

216-875-5600



Not Applicable

______________________________________________

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 


 

 

Item 1.01 Entry into a Material Definitive Agreement.

On August 29, 2016, Ferro Corporation (the “Company”) amended its senior credit agreement (the “Credit Agreement”) by entering into the Second Incremental Assumption Agreement, by and among the Company, PNC Bank, National Association, as the administrative agent, the collateral agent and as an issuer, JPMorgan Chase Bank, N.A., as an issuer, and various financial institutions as lenders (the “Incremental Agreement”).  Among other things, the Incremental Agreement increases the revolving loan commitment amount from $300,000,000 to $400,000,000.

The lenders and the agents (and each of their respective subsidiaries or affiliates) under the Incremental Agreement have in the past provided, and may in the future provide, investment banking, cash management, underwriting, lending, commercial banking, trust, leasing services, foreign exchange and other advisory services to, or engage in transactions with, the Company and its respective subsidiaries or affiliates. These parties have received, and may in the future receive, customary compensation from the Company and its respective subsidiaries or affiliates, for such services.

The foregoing summary of the Incremental Agreement is qualified in its entirety by reference to the text of the Incremental Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.



The information set forth in Item 1.01 is incorporated herein by reference into this Item 2.03.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits





 

10.1 

Second Incremental Assumption Agreement, dated August 29, 2016, by and among Ferro Corporation , PNC Bank, National Association, as the administrative agent, the collateral agent and as an issuer, JPMorgan Chase Bank, N.A., as an issuer, and various financial institutions as lenders.







 


 

 





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





 

 

 

 



 

 

 

 



 

Ferro Corporation



 

 

 

 

August 30, 2016

 

By:

 

/s/ Jeffrey L. Rutherford



 

 

 

 

 

 



 

 

 

Name: Jeffrey L. Rutherford



 

 

 

Title: Vice President and Chief Financial Officer

























 


 

 





Exhibit Index



10.1

 

Exhibit No.

Description

10.1

Second Incremental Assumption Agreement, dated August 29, 2016, by and among Ferro Corporation , PNC Bank, National Association, as the administrative agent, the collateral agent and as an issuer, JPMorgan Chase Bank, N.A., as an issuer, and various financial institutions as lenders.