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| CCK > SEC Filings for CCK > Form 8-K on 16-Nov-2009 | All Recent SEC Filings |
16-Nov-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On November 12, 2009, Crown Holdings, Inc. (the "Company") entered into a Second Amendment to Credit Agreement and Waiver (the "Second Amendment"), amending the Credit Agreement, dated as of November 18, 2005 (as amended by a First Amendment as of August 4, 2006, the "Credit Agreement") among Crown Americas LLC, a wholly-owned indirect subsidiary of the Company, as U.S. Borrower, Crown European Holdings SA, a wholly-owned indirect subsidiary of the Company, as European Borrower, CROWN Metal Packaging Canada LP, a wholly-owned indirect subsidiary of the Company, as Canadian Borrower, the Subsidiary Borrowers named therein, the Company, Crown International Holdings, Inc. and Crown Cork & Seal Company, Inc., as Parent Guarantors, Deutsche Bank AG New York Branch, as Administrative Agent and U.K. Administrative Agent, The Bank of Nova Scotia, as Canadian Administrative Agent, and various Lending Institutions referred to therein. Subject to its specific terms and provisions, the Second Amendment amends the Credit Agreement by, among other things: (1) clarifying the rights and responsibilities of the parties to the Credit Agreement upon the occurrence of a Lender Default (as defined in the Credit Agreement); (2) granting the Borrowers (as defined in the Credit Agreement) the right under certain circumstances to terminate the revolving loan commitment of a Defaulting Lender (as defined in the Credit Agreement) in certain circumstances; (3) consenting to the sale by CR USA, Inc. (f/k/a Crown Risdon (USA)) of certain real property owned by it and located in Danbury, Connecticut (the "Property") under certain conditions (the "Transactions"); (4) waiving any Unmatured Event of Default or Event of Default (as such terms are defined in the Credit Agreement) resulting from the Transactions; and (5) releasing all Liens of Collateral Agent (as such terms are defined in the Credit Agreement) on the Property in connection with the Transactions.
The foregoing summary of the Second Amendment is qualified in its entirety by the full text of the Second Amendment, a copy of which is attached to this Report as Exhibit 4.1.
(d) Exhibits:
Exhibit 4.1 Second Amendment to Credit Agreement, dated as of November 12, 2009, by and among Crown Americas LLC, as U.S. Borrower, the other undersigned Credit Parties, the undersigned financial institutions, including Deutsche Bank AG New York Branch, as Lenders, and Deutsche Bank AG New York Branch, as Administrative Agent and as Collateral Agent for Lenders.
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