-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BgdqQAKeo7YwAf9+FN9ANxkR/Ehm3FDmLwB93BXFaPFR3XbegR+hPMzvOz3tmxZl 6k0iR+Zuwv66O7wT2Ihyfg== 0001421102-08-000041.txt : 20080529 0001421102-08-000041.hdr.sgml : 20080529 20080529132149 ACCESSION NUMBER: 0001421102-08-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071231 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080529 DATE AS OF CHANGE: 20080529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARVINMERITOR INC CENTRAL INDEX KEY: 0001113256 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383354643 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15983 FILM NUMBER: 08865754 BUSINESS ADDRESS: STREET 1: 2135 W MAPLE ROAD CITY: TROY STATE: MI ZIP: 48084 BUSINESS PHONE: 2484351000 FORMER COMPANY: FORMER CONFORMED NAME: MU SUB INC DATE OF NAME CHANGE: 20000501 8-K 1 arm8k05292008.htm ARVINMERITOR 8K

 

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): May 28, 2008

 

ARVINMERITOR, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Indiana

1-15983

38-3354643

 

(State or other jurisdiction

(Commission

(IRS Employer

 

 

of incorporation)

File No.)

Identification No.)

 

 

2135 West Maple Road

Troy, Michigan

(Address of principal executive offices)

 

48084-7186

(Zip code)

 

Registrant’s telephone number, including area code: (248) 435-1000

 

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:

 

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 1.01.

Entry into a Material Definitive Agreement

 

On May 28, 2008, and effective as of June 1, 2008, ArvinMeritor, Inc. (“ArvinMeritor”) and certain of its subsidiaries entered into the Seventh Amendment to the Second Amended and Restated Purchase and Sale Agreement, dated as of September 19, 2005, among ArvinMeritor Receivables Corporation and various affiliates, as Originators, relating to ArvinMeritor’s U.S. accounts receivable securitization program. The purpose of the amendment is to amend the definition of “Designated Receivable” so that receivables arising from the sale of goods or the provision of services by ArvinMeritor OE, LLC in respect of which an invoice is issued for the first time after June 1, 2008 will not be sold to ArvinMeritor Receivables Corporation under ArvinMeritor’s U.S. accounts receivable securitization program. This will exclude receivables attributable to ArvinMeritor’s Light Vehicle Systems business in preparation for the planned spin off of this business to ArvinMeritor’s shareholders.

 

The amendment is filed as Exhibit 10a to this Form 8-K and is incorporated herein by reference.

 

 

 

Item 9.01

Financial Statements and Exhibits

 

(d) Exhibits

 

10a – Seventh Amendment, dated as of June 1, 2008, to Second Amended and Restated Purchase and Sale Agreement, dated as of September 19, 2005, among ArvinMeritor Receivables Corporation and the Originators named therein.

 

 

 

 



 

 

 

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.

 

 

 

ARVINMERITOR, INC.

 

 

By: /s/ Vernon G. Baker, II

 

Name: Vernon G. Baker, II

 

 

Title:

Senior Vice President &

 

General Counsel

 

 

Date: May 29, 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

EXHIBIT INDEX

 

 

Exhibit No.

Description

 

10a

Seventh Amendment, dated as of June 1, 2008, to Second Amended and Restated Purchase and Sale Agreement, dated as of September 19, 2005, among ArvinMeritor Receivables Corporation and the Originators named therein.

 

 

 

 

 

 

 

 

 

EX-10 2 ex10a05292008.htm ARVINMERITOR EXHIBIT 10A

EXECUTION VERSION

 

 

SEVENTH AMENDMENT TO SECOND AMENDED AND

RESTATED PURCHASE AND SALE AGREEMENT

 

SEVENTH AMENDMENT TO SECOND AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT (this “Amendment”), dated as of June 1, 2008, between ARVINMERITOR RECEIVABLES CORPORATION, a Delaware corporation (the “Buyer”) and ARVINMERITOR OE, LLC, a Delaware limited liability company, EUCLID INDUSTRIES, LLC, a Delaware limited liability company, MERITOR HEAVY VEHICLE BRAKING SYSTEMS (USA), INC., a Delaware corporation, MERITOR HEAVY VEHICLE SYSTEMS, LLC, a Delaware limited liability company, MERITOR TRANSMISSION CORPORATION, a Delaware corporation, and ARVINMERITOR ASSEMBLY LLC, a Delaware limited liability company (each of the foregoing other than the Buyer, an “Originator” and collectively, the “Originators”).

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Second Amended and Restated Purchase and Sale Agreement dated as of September 19, 2005, between the Buyer and the Originators, as amended (the “Agreement”), is hereby further amended as follows:

1.            The definition of “Designated Receivable” in Section 1.1 of the Agreement is amended to read as follows:

Designated Receivable” means all indebtedness and other obligations (i) arising from the sale of goods or the provision of services by an Originator to General Motors Corporation or any of its subsidiaries arising on or after May 8, 2006, (ii) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC at or from the facility located at 181 Bennett Drive, Pulaski, Tennessee, in respect of which an invoice is issued for the first time after September 29, 2006, (iii) arising from the sale of goods or the provision of services by an Originator to Ford Motor Company or any of its subsidiaries arising on or after November 6, 2006, (iv) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC or by Meritor Heavy Vehicle Systems, LLC at or from the facilities located at 201 North Harris Drive, Dexter, Missouri, 601 South Gladstone, Columbus, Indiana, or 950 West Road 450 South, Columbus, Indiana, in respect of which an invoice is issued for the first time after February 4, 2007, (v) arising from the sale of goods or the rendition of services by ArvinMeritor Emissions Technologies Spartanburg, Inc. at or from the facility located at 2651 New Cut Road, Spartanburg, South Carolina, in respect of which an invoice is issued for the first time after February 4, 2007, (vi) arising from the sale of goods or the rendition of services by ArvinMeritor Assembly, LLC at or from the facility located at 24850 Northline Road, Taylor, Michigan in respect of which an invoice is issued for the first time after February 4, 2007; (vii) arising from the sale of goods or the provision of services by an Originator to Chrysler Holdings LLC or any of its subsidiaries arising on or after March 31, 2008; and (viii) arising from the sale of goods or the provision of services by ArvinMeritor

 

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OE, LLC in respect of which an invoice is issued for the first time after June 1, 2008.

2.            THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW)).

3.            This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of this Amendment.

<Signature pages follow>

 

 

 

-2-

BDDB01 5246199v1

 



 

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by their duly authorized officers as of the date first above written.

 

ArvinMeritor Receivables Corporation,

 

as Buyer

 

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

President and Treasurer

 

 

ArvinMeritor OE, LLC, as an Originator

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

ArvinMeritor Assembly LLC, as an Originator

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

Euclid Industries, LLC, as an Originator

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

Meritor Heavy Vehicle Braking Systems

 

(USA), Inc., as an Originator

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

Meritor Heavy Vehicle Systems, LLC,

 

as an Originator

 

 

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

 

 

-3-

BDDB01 5246199v1

 



 

 

MERITOR TRANSMISSION CORPORATION, as an    Originator

 

By:       /s/ Mary Lehmann                                          

 

Name:

Mary Lehmann

 

 

Title:

Vice President and Treasurer

 

 

 

 

-4-

BDDB01 5246199v1

 



 

 

 

CONSENT

 

Reference is made to that certain Loan Agreement dated as of September 19, 2005 among ArvinMeritor Receivables Corporation, ArvinMeritor Inc., the Lenders and Co-Agents from time to time party thereto, and SunTrust Robinson Humphrey, Inc. as Administrative Agent, as amended (the “Loan Agreement”); and all capitalized terms used in this Consent and not otherwise defined herein are used with the terms ascribed to them in such Loan Agreement. Pursuant to Section 15.2 of the Loan Agreement, the Co-Agents have determined that only the consent of the Administrative Agent is required in connection with the foregoing Seventh Amendment to Second Amended and Restated Purchase and Sale Agreement, and accordingly, by signing below, the Administrative Agent hereby consents to the execution, delivery, and performance thereof by Borrower and the Originators.

 

Dated: June 1, 2008

 

SUNTRUST ROBINSON HUMPHREY, INC.,

 

as Administrative Agent

 

 

By:        /s/        Michael G. Maza                                

Name:                          Michael G. Maza                    

Title:                            Managing Director                  

 

 

 

BDDB01 5246199v1

 

 

 

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