8-K

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): April 22, 2005

Reynolds American Inc.

(Exact name of registrant as specified in its charter)

North Carolina	1-32258	20-0546644
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

401 North Main Street, Winston-Salem, North Carolina	27102-2990
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 336-741-2000

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:

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 April 22, 2005, Reynolds American Inc., referred to as RAI, its wholly owned subsidiary, R.J. Reynolds Tobacco Holdings, Inc., referred to as RJR, and various lending institutions entered into a First Amendment to Credit Agreement, referred to as the Amendment, which amended the Third Amended and Restated Credit Agreement, dated as of July 30, 2004, between the parties, referred to as the Credit Agreement. The principal modifications to the Credit Agreement made pursuant to the Amendment include the following:

•  The Amendment permits the disposition (by way of charitable donation) of certain real property owned by R. J. Reynolds Tobacco Company, a wholly owned subsidiary of RJR.

•  The Amendment extends the date from June 30, 2005, to September 30, 2005, before which RAI may repurchase shares of RAI’s common stock to maintain the ownership of Brown & Williamson Holdings, Inc., referred to as B&W, in Reynolds American at or above 42% as required by the terms of the Governance Agreement dated as of July 30, 2004, as amended, between RAI, B&W and British American Tobacco p.l.c.

•  The definitions of “Maturity Date” and “Facility Maturity Date” in the Credit Agreement have been modified to clarify when RJR’s 7³/4% Notes due May 15, 2006, referred to as the Notes, shall be treated as having been “refinanced in full.” If the Notes are so “refinanced in full” prior to February 13, 2006, the “Maturity Date” and “Facility Maturity Date” will be extended to January 30, 2007.

A copy of the Amendment is attached as Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibit.

10.1      First Amendment to Credit Agreement, amending the Third Amended and Restated Credit Agreement, dated as of July 30, 2004.

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.

	Reynolds American Inc.
April 26, 2005	By:	/s/ Charles A. Blixt
		Name: Charles A. Blixt Title: Executive Vice President, General Counsel and Assistant Secretary

Exhibit Index

Exhibit No.	Description
10.1	First Amendment to Credit Agreement, amending the Third Amended and Restated Credit Agreement, dated as of July 30, 2004.

EX-10.1

Exhibit 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

     FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of April 22, 2005, among REYNOLDS AMERICAN INC., a North Carolina corporation (“Parent”), R.J. REYNOLDS TOBACCO HOLDINGS, INC., a Delaware corporation (the “Borrower”) and various lending institutions party to the Credit Agreement referred to below. All capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided such terms in the Credit Agreement.

W I T N E S S E T H :

     WHEREAS, Parent, the Borrower, various lending institutions from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A. (formerly known as JP Morgan Chase Bank), as Administrative Agent (in such capacity, the “Administrative Agent”), are parties to a Third Amended and Restated Credit Agreement, dated as of July 30, 2004 (as so amended and restated, the “Credit Agreement”); and

     WHEREAS, Parent, the Borrower and the Lenders wish to amend the Credit Agreement as provided herein;

     NOW, THEREFORE, it is agreed:

I. Amendments to the Credit Agreement.

          1. Section 8.02(k) of the Credit Agreement is hereby amended by deleting the text “and” appearing at the end of said Section.

          2. Section 8.02(l) of the Credit Agreement is hereby amended by (i) inserting the parenthetical “(or, in the case of the fiscal year of Parent during which a Subsidiary has disposed of a designated property pursuant to (and in reliance on) Section 8.02(m), the remainder of (I) $250,000,000 minus (II) the fair market value (as determined in good faith by senior management of the Borrower) of all designated properties disposed of pursuant to (and in reliance on) said Section 8.02(m) during such fiscal year); and” at the end of clause (z) of said Section and (ii) deleting the period appearing at the end of said Section.

          3. Section 8.02 of the Credit Agreement is hereby further amended by inserting the following new clauses (m) and (n) immediately following clause (l) of said Section:

     ”(m) any Subsidiary of Parent may dispose of (by means of donation) any of the designated properties listed on Annex XI hereto owned by it to any other Person, so long as no Default or Event of Default then exists or would result therefrom; and

     (n) Parent and its Subsidiaries may sell, liquidate and/or dispose of Marketable Investments in the ordinary course of business.”.

          4. Section 8.04(g) of the Credit Agreement is hereby further amended by deleting the text “Section 8.03(e)” appearing in said Section and inserting the text “Sections 8.03(c) and (e)” in lieu thereof.

          5. Section 8.05(l) of the Credit Agreement is hereby amended by deleting the text “June 30, 2005” appearing in said Section and inserting the text “September 30, 2005” in lieu thereof.

          6. The definitions of “Maturity Date” and “Facility Maturity Date” appearing in Section 10 of the Credit Agreement are hereby amended by inserting the following sentence at the end of each such definition:

“For purposes of this definition only, outstanding Existing Senior Notes shall be deemed “refinanced in full” with the proceeds of a new issuance or issuances of Refinancing Senior Notes, at any time, if (i) the Borrower has cash and/or Marketable Investments on its balance sheet at such time which are specifically set aside for purposes of repaying, and sufficient in amount to repay, in full all principal of such outstanding Existing Senior Notes (as indicated by way of a footnote in its (or Parent’s) financial statements included in the then most recent public filing with the SEC), (ii) such cash and/or Marketable Investments so set aside represent, in part, cash proceeds of one or more issuances of Refinancing Senior Notes to “refinance” such Existing Senior Notes in an amount equal to at least the remainder of (1) the aggregate principal amount of all such Existing Senior Notes outstanding at such time less (2) the aggregate amount of fees and expenses incurred in connection with such issuance or issuances of Refinancing Senior Notes less (3) the aggregate amount of any tender premiums (in excess of par) and fees paid in connection with the repurchase of any such Existing Senior Notes with the proceeds of a concurrent issuance of Refinancing Senior Notes and (iii) if a Trigger Event is in effect, the Collateral Agent (on behalf of the Secured Creditors) has a first-priority perfected security interest in all cash and Marketable Investments so set aside.”.

          7. The Credit Agreement is hereby further amended by adding new Annex XI thereto in the form of Annex XI attached hereto.

II. Miscellaneous Provisions.

          1. In order to induce the Lenders to enter into this Amendment, each Credit Agreement Party hereby (i) makes each of the representations, warranties and agreements contained in Section 6 of the Credit Agreement, and (ii) represents and warrants that there exists no Default or Event of Default, in each case on the date hereof and on the First Amendment Effective Date (as defined below), both before and after giving effect to this Amendment.

          2. This Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other provision of the Credit Agreement or any other Credit Document.

          3. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same

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instrument. A complete set of counterparts shall be lodged with Parent and the Administrative Agent.

          4. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

          5. From and after the First Amendment Effective Date, all references in the Credit Agreement and each of the other Credit Documents shall be deemed to be references to the Credit Agreement as amended hereby.

          6. This Amendment shall become effective on the date (the “First Amendment Effective Date”) when each Credit Agreement Party and the Lenders constituting Required Lenders under the Credit Agreement shall have signed a copy hereof (whether the same or different copies) and shall have delivered (including by way of facsimile transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New York, New York 10036, Attention: May Yip-Daniels (Facsimile No.: (212) 354-8113).

* * *

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          IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.

REYNOLDS AMERICAN INC., as Parent

By: /s/ Daniel A. Fawley
     Title: Senior Vice President & Treasurer

R. J. REYNOLDS TOBACCO HOLDINGS, INC.,
      as the Borrower

By: /s/ Daniel A. Fawley
     Title: Senior Vice President & Treasurer

LEAD AGENTS

JPMORGAN CHASE BANK, N.A. (formerly known as
     JPMORGAN CHASE BANK), Individually, as
     Administrative Agent and as Senior Managing Agent

By: /s/ Robert T. Sacks
     Title: Managing Director

CITIBANK, N.A., Individually, as Syndication Agent
     and Senior Managing Agent

By: /s/ Andrew Kreeger
     Title: Vice President

GENERAL ELECTRIC CAPITAL CORPORATION, Individually
     and as Syndication Agent

By: /s/ William R. Doolittle
     Title: Duly Authorized Signatory

LEHMAN COMMERCIAL PAPER INC., Individually and as
     Documentation Agent

By: /s/ Janine M. Stiugan
     Title: Authorized Signatory

MIZUHO CORPORATE BANK, LTD., Individually and as
     Documentation Agent

By: /s/ James Fayen
     Title: Senior Vice President

PARTICIPANT LENDERS

THE BANK OF NOVA SCOTIA

By: /s/ Chris J. Allen
     Title: Managing Director & Office Head

THE BANK OF NEW YORK

By /s/ David C. Siegel
     Title Vice President

CITY NATIONAL BANK OF NEW JERSEY

By: /s/ Edward R. Wright
     Title: Senior Vice President/Chief Financial Officer

WACHOVIA BANK, NATIONAL ASSOCIATION

By: /s/ Denis Waltrich
     Title Associate

ANNEX XI

DESIGNATED PROPERTIES:

Property Description	Location
Building 60 Property	Vine Street
Building 90 Property	Vine Street
Building 23 Property	5th Street and Patterson Avenue
Building 56-2 & 3 Property	4th Street and Patterson Avenue
EP Parking Lot	7th Street and Patterson Avenue
E Parking Lot	7th Street and Vine Street
D Parking Lot	7th Street and Linden Street
Building 91 Property	Vine Street
Building 95 Property	7th Street and Linden Street
Building 96 Property	Linden Street