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| HDSN > SEC Filings for HDSN > Form 8-K on 18-Aug-2009 | All Recent SEC Filings |
18-Aug-2009
Entry into a Material Definitive Agreement, Financial Statements and
On August 12, 2009, Hudson Technologies, Inc. (the "Registrant"), through its
subsidiary, Hudson Technologies Company ("HTC"), entered into a Fifth Amendment
to the Amended and Restated Loan Agreement (the "Amendment") with Keltic
Financial Partners II, LP, successor-in-interest to Keltic Financial Partners,
LP ("Keltic") and Bridge Healthcare Finance, LLC ("Bridge"), which amended HTC's
existing credit facility with Keltic and Bridge (the "Facility"). As a result of
the Amendment, the Facility will bear interest at a rate equal to the greater of
(i) the prime rate plus 0.875%, (ii) LIBOR plus 3.375%, (iii) or 6.5%. The
Amendment also modified the minimum EBITDA that HTC is required to achieve each
fiscal quarter through the fiscal quarter ended March 31, 2011. As of August 12,
2009 the Facility bore interest at 6.5%. At August 12, 2009, the total
borrowings under the Facility were approximately $8,341,000. The description of
the Amendment in this report does not purport to be complete and is qualified in
its entirety by reference to the Amendment which is filed as Exhibit 10.1 to
this report and is incorporated herein by reference.
(d) Exhibits
Exhibit 10.1 Fifth Amendment to Amended and Restated Loan Agreement between Hudson Technologies Company, Keltic Financial Partners, L.P and Bridge Healthcare Finance, LLC, dated August 12, 2009;
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