-----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, I4exoMd7wM+KYQr+Kdynctc0v6v/NtfFHj/SFtReSl35AY4sYd+Drwho5m6ppK0q Oaz7zZFA0IdLWFSSBeFiAQ== 0001193125-07-157014.txt : 20070718 0001193125-07-157014.hdr.sgml : 20070718 20070718105528 ACCESSION NUMBER: 0001193125-07-157014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070713 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070718 DATE AS OF CHANGE: 20070718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANDREW CORP CENTRAL INDEX KEY: 0000317093 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 362092797 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14617 FILM NUMBER: 07985818 BUSINESS ADDRESS: STREET 1: 3 WESTBROOK CORPORATE CENTER, SUITE 900 CITY: WESTCHESTER STATE: IL ZIP: 60154 BUSINESS PHONE: (708) 236-6600 MAIL ADDRESS: STREET 1: 3 WESTBROOK CORPORATE CENTER, SUITE 900 CITY: WESTCHESTER STATE: IL ZIP: 60154 8-K 1 d8k.htm FORM 8-K Form 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): July 13, 2007

 


ANDREW CORPORATION

(Exact name of registrant as specified in its charter)

 


 

Delaware   001-14617   36-2092797

(State of Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

3 Westbrook Corporate Center, Suite 900, Westchester, IL 60154

(Address, including zip code, of principal executive offices)

(708) 236-6600

(Registrant’s telephone number, including area code)

 


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(b) under the Exchange Act (17 CFR 240.14a-12(b))

 

¨ 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

As of July 13, 2007, Andrew Corporation entered into a Second Amendment to Credit Agreement (the “Second Amendment) with certain financial institutions named in the Second Amendment and Bank of America, National Association, as Administrative Agent, for the Lenders and as L/C Issuer. The Second Amendment amends in certain respects Andrew’s Credit Agreement dated as of September 29, 2005, which was filed as Exhibit 99.2 to Andrew’s Form 8-K filed on October 5, 2005, as amended by a First Amendment to Credit Agreement dated as of June 16, 2006, which was filed as Exhibit 10.1 to Andrew’s Form 8-K filed on June 20, 2006 (collectively, the “Credit Agreement”). The Second Amendment amended the Credit Agreement such that any agreement entered into by Andrew and CommScope, Inc. (“CommScope”) in furtherance of the proposed merger between them announced on June 27, 2007 (the “CommScope Merger Transaction”) would not be taken into account for purposes of determining if a change of control of Andrew had occurred until the earlier to occur of the date of the consummation of the CommScope Merger Transaction and March 31, 2008 (unless the agreements concerning the CommScope Merger Transaction have been previously terminated).

In addition, the Administrative Agent and Lenders also waived any event of default under the Credit Facility occurring due to a change of control of Andrew resulting from any agreement entered into between Andrew and CommScope in furtherance of the CommScope Merger Transaction until the earlier to occur of the date of the consummation of the CommScope Merger Transaction and March 31, 2008 (unless the agreements concerning the CommScope Merger Transaction have been previously terminated).

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 hereto and incorporated into this report by reference.

 

Item 9.01 Financial Statements and Exhibits

 

  (d) Exhibits

 

Exhibit
Number

  

Exhibit Description

10.1

   Second Amendment to Credit Agreement dated July 13, 2007 among Andrew Corporation, the Designated Subsidiaries of Andrew Corporation, certain financial institutions named therein and Bank of America, National Association, as Administrative Agent, for the Lenders and as L/C Issuer.


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.

 

  ANDREW CORPORATION
  By:  

/s/ Marty R. Kittrell

  Name:   Marty R. Kittrell
  Title:   Executive Vice President and Chief Financial Officer
Dated: July 18, 2007    
EX-10.1 2 dex101.htm SECOND AMENDMENT TO CREDIT AGREEMENT Second Amendment to Credit Agreement

Exhibit 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of July 13, 2007 (the “Amendment”), is entered into among (i) ANDREW CORPORATION, a Delaware corporation (the “Company”), and the Designated Subsidiaries of the Company that are parties thereto (together with the Company, the “Borrowers”), (ii) the undersigned financial institutions, and (iii) BANK OF AMERICA, N.A. (“Bank of America”), as administrative agent (the “Administrative Agent”) for the Lenders and as L/C Issuer.

RECITALS:

A. The Borrowers, various financial institutions (the “Lenders”), the Administrative Agent and the L/C Issuer entered into a Credit Agreement, dated as of September 29, 2005, as amended by a First Amendment to Credit Agreement, dated as of June 16, 2006 (the “Credit Agreement”).

B. The Borrowers have requested that the Lenders and the Administrative Agent enter into this Amendment in order to make certain amendments to the Credit Agreement as provided herein.

C. Capitalized terms used herein and not otherwise defined shall have the meanings provided for in the Credit Agreement.

D. In consideration of the mutual agreements contained herein the parties hereto agree as follows:

 

1. AMENDMENT

Upon satisfaction of the conditions set forth in Section 2 hereof, the Credit Agreement is amended as follows:

1.1 Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions of “CommScope” and “CommScope Merger Transaction” in appropriate alphabetical order:

““CommScope” means CommScope, Inc.

““CommScope Merger Transaction” means the proposed merger transaction between CommScope and the Company as announced in the June 27, 2007 press release by CommScope and the Company.”

1.2 Section 1.1 of the Credit Agreement is hereby amended by restating paragraph (c) of the definition of Change of Control to read as follows:

“(c) any Person or two or more Persons acting in concert shall have acquired by contract or otherwise, or shall have entered into a contract or


arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of the Company, or control over the equity securities of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis (and taking into account all such securities that such Person or group has the right to acquire pursuant to any option right) representing 30% or more of the combined voting power of such securities; provided, however, that any contract or arrangement entered into between CommScope and the Company in furtherance of the CommScope Merger Transaction will not be taken into account for purposes of this paragraph (c) until the earlier to occur of (a) the date of the consummation of the CommScope Merger Transaction or (b) March 31, 2008 if, prior to such date all such contracts and arrangements have not been terminated in a manner reasonably satisfactory to the Administrative Agent.”

 

2. CONDITIONS PRECEDENT

This Amendment shall become effective at such time as the Administrative Agent has received counterparts of this Amendment executed by the Borrowers and the Required Lenders and the Administrative Agent.

 

3. WAIVER

The Administrative Agent and the Lenders hereby waive any Event of Default occurring due to a Change of Control resulting from any contract or arrangement entered into by the Company and CommScope in furtherance of the CommScope Merger Transaction prior to the effective date of this Amendment. The foregoing waiver shall expire on the earlier to occur of (a) the date of the consummation of the CommScope Merger Transaction or (b) March 31, 2008 if, prior to such date all such contracts and arrangements have not been terminated in a manner reasonably satisfactory to the Administrative Agent.

 

4. EXPENSES

The Company shall pay, promptly upon receipt of a reasonably detailed invoice therefor, all reasonable attorneys’ fees and out-of-pocket costs of the Administrative Agent in connection with this Amendment.

 

5. MISCELLANEOUS

5.1 Limited Nature of Amendments. The parties hereto acknowledge and agree that the terms and provisions of this Amendment amend, add to and constitute a part of the Credit Agreement. Except as expressly modified and amended by the terms of this Amendment, all of the other terms and conditions of the Credit Agreement and all documents executed in connection therewith or referred to or incorporated therein remain in full force and effect and are hereby ratified, reaffirmed, confirmed and approved.

5.2 Conflict. If there is an express conflict between the terms of this Amendment and the terms of the Credit Agreement, or any of the other agreements or documents executed in connection therewith or referred to or incorporated therein, the terms of this Amendment shall govern and control.

 

2


5.3 Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original. Receipt by the Administrative Agent from a Lender of an executed signature page hereto by facsimile or e-mail shall be effective as receipt of an original manually executed counterpart.

5.4 Representations and Warranties. The Company represents and warrants to the Administrative Agent and the Lenders as follows: (A) the Company and each Designated Subsidiary has all necessary power and authority to execute and deliver this Amendment and perform its obligations hereunder; (B) this Amendment and the Credit Agreement, as amended hereby, constitute the legal, valid and binding obligations of the Company and each Designated Subsidiary and are enforceable against the Company and each Designated Subsidiary in accordance with their terms; and (C) all representations and warranties of the Company contained in the Credit Agreement and all other agreements, instruments and other writings relating thereto are true and complete as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct as of such earlier date.

5.5 Governing Law. This Amendment shall be construed in accordance with and governed by and the internal laws of the State of Illinois, without giving effect to choice of law principles.

 

3


IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year first above written.

 

ANDREW CORPORATION
By:  

/s/ Dan Hartnett

Name:   DAN HARTNETT
Title:   VICE PRESIDENT, TAX AND TREASURY
DESIGNATED SUBSIDIARIES:
ANDREW AG
By:  

/s/ F. Willis Caruso, Jr.

Name:   F. Willis Caruso, Jr.
Title:   VICE PRESIDENT
ANDREW TELECOMMUNICATIONS PRODUCTS SRL
By:  

/s/ F. Willis Caruso, Jr.

Name:   F. Willis Caruso, Jr.
Title:   VICE PRESIDENT
MIKOM-GMBH MIKROTECHNIK ZUR KOMMUNIKATION
By:  

/s/ F. Willis Caruso, Jr.

Name:   F. Willis Caruso, Jr.
Title:   MANAGING DIRECTOR
ANDREW HOLDINGS (GERMANY) GmbH
By:  

/s/ F. Willis Caruso, Jr.

Name:   F. Willis Caruso, Jr.
Title:   MANAGING DIRECTOR

 

4


BANK OF AMERICA, N.A., as

Administrative Agent

By:  

/s/ Suzanne M. Paul

Name:   Suzanne M. Paul
Title:   Vice President

 

5


LENDERS

BANK OF AMERICA, N.A., as a Lender, L/C Issuer, Swing Line Lender and Foreign Swing Line Lender
By:  

/s/ Craig W. McGuire

Name:   Craig W. McGuire
Title:   Senior Vice President

 

6


CITICORP NORTH AMERICA, INC., as a Lender and Syndication Agent

By:

 

/s/ Ross Levitsky

Name:

 

Ross Levitsky

Title:

 

Vice President

 

7


FIFTH THIRD BANK (CHICAGO), as Co-Documentation Agent and Lender

By:

 

/s/ Haig Garabedian

Name:

 

HAIG GARABEDIAN

Title:

 

VICE PRESIDENT

 

8


HARRIS N.A., as Co-Documentation Agent and Lender

By:

 

/s/ Naghmeh Hashemifard

Name:

 

NAGHMEH HASHEMIFARD

Title:

 

DIRECTOR

 

9


U.S. BANK NATIONAL ASSOCIATION, as Co-Documentation Agent and Lender

By:

 

/s/ James N. DeVries

Name:

 

James N. DeVries

Title:

 

Senior Vice President

 

10


WELLS FARGO BANK, N.A., as Co-Documentation Agent and Lender

By:

 

/s/ Corinne M. Potter

Name:

 

Corinne M. Potter

Title:

 

Assistant Vice President

 

11


THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., CHICAGO BRANCH (f/k/a The Bank of Tokyo-Mitsubishi, Ltd., Chicago Branch), as a Lender

By:

 

/s/ Hirotsugu Hayashi

Name:

 

Hirotsugu Hayashi

Title:

 

General Manager

 

12


JPMORGAN CHASE BANK, N.A., as a Lender

By:

 

/s/ Sharon Bazbaz

Name:

 

Sharon Bazbaz

Title:

 

Vice President

 

13


MIZUHO CORPORATE BANK, LTD., as a Lender

By:

 

/s/ Raymond Ventura

Name:

 

Raymond Ventura

Title:

 

Deputy General Manager

 

14


BANCA NAZIONALE DEL LAVORO SPA, NEW YORK BRANCH, as a Lender

By:

 

 

Name:

 

 

Title:

 

 

 

15


THE BANK OF NEW YORK, as a Lender

By:

 

 

Name:

 

 

Title:

 

 

 

16


MORGAN STANLEY BANK, as a Lender

By:

 

 

Name:

 

 

Title:

 

 

 

17


NATIONAL CITY BANK, as a Lender

By:

 

/s/ Stephanie A. Kline

Name:

  Stephanie A. Kline

Title:

  Vice President

 

18


THE NORTHERN TRUST COMPANY, as a Lender

By:

 

/s/ Michael Kingsley

Name:

  Michael Kingsley

Title:

  Vice President

 

19

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