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JAH > SEC Filings for JAH > Form 8-K on 10-Aug-2009All Recent SEC Filings

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Form 8-K for JARDEN CORP


10-Aug-2009

Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation


Item 1.01 Entry into a Material Definitive Agreement.

On August 4, 2009, Jarden Corporation (the "Company" or "Jarden") entered into an Extended Revolving Credit Sub-Commitment Agreement (the "Sub-Commitment Agreement") pursuant to the terms of that certain Credit Agreement, dated as of January 24, 2005 (as amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement"), among the Company, as borrower, the lenders and letter of credit issuers party thereto from time to time, Deutsche Bank AG New York Branch, as administrative agent for the lenders and letter of credit issuers, Citicorp USA, Inc., as syndication agent for the lenders and letter of credit issuers and Bank of America, N.A., National City Bank of Indiana and SunTrust Bank, as co-documentation agents for the lenders and letter of credit issuers.

Pursuant to the terms of the Sub-Commitment Agreement, the Company extended the maturity date to January 24, 2012 of revolving loans under the Credit Agreement in an aggregate amount of $100.0 million. In connection therewith, the Company permanently reduced its existing revolver loan commitments under the Credit Agreement in an amount equal to $184.0 million.

A copy of the Sub-Commitment Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference as though fully set forth herein. The foregoing summary description of the Sub-Commitment Agreement and the transactions contemplated thereby are not intended to be complete, and are qualified in their entirety by the complete text of the Sub-Commitment Agreement, a copy of which is attached hereto.



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

Please see the discussion in "Item 1.01. Entry into a Material Definitive Agreement" of this Form 8-K, which discussion is incorporated herein by this reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.    Description
10.1           Extended Revolving Credit Sub-Commitment Agreement, dated as of August
               4, 2009, among Jarden Corporation, Deutsche Bank AG New York Branch, as
               administrative agent, and each lender identified on the signature pages
               thereto.


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