- Current report filing (8-K)

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 ): March 24, 2009

PROLIANCE INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware (State or Other Jurisdiction of Incorporation)		1-13894 (Commission File Number)		34-1807383 (IRS Employer Identification No.)

100 Gando Drive New Haven, Connecticut (Address of Principal Executive Offices)		06513 (Zip Code)

Registrant’s telephone number, including area code: 203-401-6450

 

     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 ( see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 1.01 Entry into a Material Definitive Agreement .

On March 24, 2009, Proliance International, Inc. (the “ Company ”) entered into the Twenty-Third Amendment (the “ Twenty-Third Amendment ”) of the Credit and Guaranty Agreement (as amended prior to March 24, 2009, the “ Agreement ”) by and among the Company and certain domestic subsidiaries of the Company, as guarantors, the lenders party thereto from time to time (collectively, the “ Lenders ”), Silver Point Finance, LLC (“ Silver Point ”), as administrative agent for the Lenders, collateral agent and as lead arranger, and Wells Fargo Foothill, LLC (“ Wells Fargo ”), as a lender and borrowing base agent for the Lenders.

Pursuant to the Twenty-Third Amendment, and upon the terms and subject to the conditions thereof, the reduction of the Waiver Reserve from $7,500,000 to $2,500,000, contained in the Agreement, has been extended from March 24, 2009 to March 31, 2009.

The foregoing description of the Twenty-Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Twenty-Third Amendment, a copy of which is filed as Exhibit 10.1 hereto, and incorporated herein by reference.

Item 2.02. Results of Operations and Financial Condition

On March 24, 2009, Proliance International, Inc. issued the press release attached hereto as Exhibit 99.1 announcing results of operations and financial condition for the fourth quarter and twelve months ended December 31, 2008.

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

Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits .

(d) Exhibits.

The following exhibits are attached to this Current Report on Form 8-K (furnished in the case of exhibit 99.1):

10.1		Twenty-Third Amendment to Credit Agreement dated March 24, 2009.
99.1		Press release dated March 24, 2009.

 

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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.

	PROLIANCE INTERNATIONAL, INC.
Date: March 24, 2009	By:	/s/ Arlen F. Henock
	Name:		Arlen F. Henock
	Title:		Executive Vice President and Chief Financial Officer