Unassociated Document

0001171843-07-000529.txt : 20070927 0001171843-07-000529.hdr.sgml : 20070927 20070926190338 ACCESSION NUMBER: 0001171843-07-000529 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20070926 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070927 DATE AS OF CHANGE: 20070926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARLIN BUSINESS SERVICES CORP CENTRAL INDEX KEY: 0001260968 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 383686388 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50448 FILM NUMBER: 071137475 BUSINESS ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 BUSINESS PHONE: 8884799111 MAIL ADDRESS: STREET 1: 300 FELLOWSHIP ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 FORMER COMPANY: FORMER CONFORMED NAME: MARLIN BUSINESS SERVICES INC DATE OF NAME CHANGE: 20030822 8-K 1 f8k_092607.htm FORM 8-K Unassociated Document

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) September 25, 2007
MARLIN BUSINESS SERVICES CORP.
(Exact name of registrant as specified in its charter)
Pennsylvania	000-50448	38-3686388
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
300 Fellowship Road, Mount Laurel, NJ		08054
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code (888) 479-9111
______________________________________________________
(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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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 September 25, 2007, Marlin Leasing Corporation (a subsidiary of the Registrant) entered into an amendment to its $125 million Series 2000-A warehouse financing facility that, among other things, extended the termination date of the facility to March 24, 2008. Attached as Exhibit 10.1 to this report, and incorporated herein by reference, is the First Amendment to the Second Amended and Restated Series 2000-A Supplement to the Master Lease Receivables Asset-Backed Financing Facility Agreement, dated as of September 25, 2007, among Marlin Leasing Corporation, Marlin Leasing Receivables Corp. IV, Marlin Leasing Receivables IV LLC, Deutsche Bank AG, New York Branch, as the agent and Wells Fargo Bank, N.A., as the trustee. The Registrant issued a press release on September 26, 2007 announcing this amendment, and a copy of that press release is being furnished as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1

First Amendment to the Second Amended and Restated Series 2000-A Supplement to the Master Lease Receivables Asset-Backed Financing Facility Agreement, dated as of September 25, 2007, among Marlin Leasing Corporation, Marlin Leasing Receivables Corp. IV, Marlin Leasing Receivables IV LLC, Deutsche Bank AG, New York Branch, as the agent and Wells Fargo Bank, NA, as the trustee.

99.1	Press Release issued by Marlin Business Services Corp. on September 26, 2007.

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.

MARLIN BUSINESS SERVICES CORP.

(Registrant)

Date: September 26, 2007 /s/ Daniel P. Dyer

Daniel P. Dyer

Chief Executive Officer

INDEX TO EXHIBITS

10.1

99.1	Press Release issued by Marlin Business Services Corp. on September 26, 2007.

EX-10 2 exh_101.htm EXHIBIT 10.1 Unassociated Document

Exhibit 10.1

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED

SERIES 2000-A SUPPLEMENT TO THE MASTER LEASE RECEIVABLES

ASSET-BACKED FINANCING FACILITY AGREEMENT

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED SERIES 2000-A SUPPLEMENT TO THE MASTER LEASE RECEIVABLES ASSET-BACKED FINANCING FACILITY AGREEMENT (this “Amendment”), made as of September 25, 2007, is entered into by and among MARLIN LEASING CORPORATION (“MLC”), individually, and as the Servicer, MARLIN LEASING RECEIVABLES CORP. IV (“MLRC”), as the Obligors’ Agent, MARLIN LEASING RECEIVABLES IV LLC, as the Obligor, DEUTSCHE BANK AG, NEW YORK BRANCH (“DEUTSCHE BANK”), as the Agent, and WELLS FARGO BANK, N.A. (“Wells Fargo”), as the Trustee. Capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Supplement (as defined below).

R E C I T A L S

WHEREAS, MLC, in its capacity as the Servicer, MLRC, in its capacity as the Obligors’ Agent, and Wells Fargo, in its capacities as Trustee and Back-Up Servicer, entered into that certain Master Lease Receivables Asset-Backed Financing Facility Agreement, dated as of December 1, 2000 (such agreement as amended, modified, restated, replaced, waived, substituted, supplemented or extended, the “Master Agreement”), which Master Agreement was amended and supplemented by the Second Amended and Restated Series 2000-A Supplement to the Master Agreement dated as of September 28, 2006 among certain of the parties hereto, (such agreement as amended, modified, restated, replaced, waived, substituted, supplemented or extended, the “Supplement”); and

WHEREAS, the parties hereto desire to amend the Supplement in certain respects as provided herein;

NOW, THEREFORE, based upon the above Recitals, the mutual premises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Amendments.

(a) Clause (i) of the definition of “Applicable Discount Rate” set forth in Section 2.01 of the Supplement is hereby amended and restated in its entirety to read as follows:

(i)

(v) 1.25% plus (w) the Servicing Fee of 1.00% plus (x) the Trustee’s Fee of 0.015% plus (y) the Back-Up Servicer’s Fee of 0.03% plus (z) the Increased Servicer Fee of 0.25%; and

(b) The defined term “Fee Rate” set forth in Section 2.01 of the Supplement is hereby deleted in its entirety.

(c) The defined term of “Termination Date” in Section 2.01 of the Supplement is hereby amended and restated in its entirety to read as follows:

“Termination Date” means the earliest to occur of: (i) March 24, 2008 or such later date as the parties (with the express written consent of the Agent) may hereafter agree in accordance with Section 4.01(i), (ii) the day designated as the Termination Date by the Obligor on sixty (60) days’ prior written notice to the Agent, (iii) the day on which the Series Controlling Party declares the occurrence of the Termination Date or on which the Termination Date automatically occurs pursuant to Section 5.01, (iv) the 90th day following the date on which the Agent has delivered a written notice to the Transferor to the effect that the most recent audit completed by the Agent or its designee of the Transferor’s origination, servicing and documentation procedures has revealed to the Agent deficiencies which it reasonably believes creates a material adverse effect on the facility and (v) a Hedge Counterparty fails to satisfy the definition thereof and is not replaced within fifteen (15) Business Days by a Person satisfying the definition thereof.

SECTION 2. Supplement in Full Force and Effect as Amended. Except as specifically amended hereby, all provisions of the Supplement shall remain in full force and effect. After this Amendment becomes effective, all references to “hereof,” “herein,” or words of similar effect referring to the Supplement shall be deemed to mean the Supplement as amended hereby. This Amendment shall not constitute a novation of the Supplement, but shall constitute an amendment thereof. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Supplement other than as set forth herein.

SECTION 3. Representations. Each of the parties hereto represent and warrant as of the date of this Amendment as follows: (a) the execution, delivery and performance by it of this Amendment are within its powers, have been duly authorized; (b) this Amendment has been duly executed and delivered by it; and (c) this Amendment constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity.

SECTION 4. Miscellaneous.

(a) This Amendment may be executed in any number of counterparts (including by facsimile), and by the different parties hereto on the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement.

(b) The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions hereof.