- Current report filing (8-K)
10 12월 2009 - 6:10AM
Edgar (US Regulatory)
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):
December 3, 2009
Orleans
Homebuilders, Inc.
(Exact Name of Registrant
as Specified in Charter)
Delaware
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1-6830
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59-0874323
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(State or Other
Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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3333
Street Road, Suite 101, Bensalem, PA
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19020
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(Address of
Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code:
(215) 245-7500
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 (
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))
Item 8.01. Other Events.
On December 3, 2009, the Company agreed to a non-binding term sheet
(the Term Sheet) relating to a maturity extension and structural modification
(the Amendment) of the Companys $375
million Second Amended and Restated Revolving Credit Loan Agreement dated September 30,
2008, as amended (the Credit Facility).
In addition, on December 8, 2009, the Company and certain of its
lenders agreed in principle on a limited waiver and amendment (the Temporary
Amendment) of the Credit Facility which, provides, among other things and
subject to certain conditions and covenants, the Company with the ability to
borrow under the Credit Facility until January 29, 2010 and to extend
letters of credit issued under the Credit Facility to February 26,
2010. As explained more fully in the
press release, each of the Amendment and the Temporary Amendment will be
subject to an affirmative vote by each of the approximately 16 lenders party to
the Companys revolving credit facility and the Company can offer no assurances
that each of the lenders will approve either the Temporary Amendment or the
Amendment or as to the specific terms of either document that may be
approved. If the Company does not enter
into the Temporary Amendment on or before December 20, 2009, the Credit
Facility will mature on that date and the Company will not have sufficient
funds to repay amounts outstanding or continue normal operations.
The Company issued a press release announcing the Term Sheet and
Temporary Amendment on December 8, 2009, a copy of which is furnished
herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d)
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Exhibits
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The following exhibits
are filed or furnished with this Current Report on Form 8-K:
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Exhibit No.
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Description
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99.1
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Press release of
Orleans Homebuilders, Inc. dated December 8, 2009 (furnished
herewith).
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2
SIGNATURE
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.
Dated:
December 9, 2009
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Orleans
Homebuilders, Inc.
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By:
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Garry
P. Herdler
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Name:
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Garry
P. Herdler
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Title:
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Executive
Vice President,
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Chief
Financial Officer and
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Principal
Financial Officer
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3
EXHIBIT INDEX
The following exhibits
are filed or furnished with this Current Report on Form 8-K:
Exhibit No.
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Description
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99.1
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Press release of
Orleans Homebuilders, Inc. dated December 8, 2009 (furnished
herewith).
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4
Orleans Homebuilders (AMEX:OHB)
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