-----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, SvzarID92olg6PJC0MJlmkQ0BOVygrAxH2p8MkFTbVLlNU3IxsPSazTsFBowCjMb Qp4fR0fJS/FFVLFFUFt/Eg== 0001193125-07-166356.txt : 20070731 0001193125-07-166356.hdr.sgml : 20070731 20070731125742 ACCESSION NUMBER: 0001193125-07-166356 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070727 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070731 DATE AS OF CHANGE: 20070731 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: 071011936 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 27, 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

On July 27, 2007, Andrew Corporation entered into a Third Amendment to Credit Agreement (the “Third Amendment), effective as of June 30, 2007, with certain financial institutions named in the Third Amendment and Bank of America, National Association, as Administrative Agent, for the Lenders and as L/C Issuer. The Third 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, and a Second Amendment to Credit Agreement dated as of July 13, 2007, which was filed as Exhibit 10.1 to Andrew’s Form 8-K filed on July 18, 2007 (collectively, the “Credit Agreement”). The Third Amendment amended the Credit Agreement in order to revise the definition of “Consolidated EBITDA” solely for purposes of calculating compliance with the financial covenants set forth in Section 6.2.2 of the Credit Agreement.

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 Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third 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   Third Amendment to Credit Agreement effective as of June 30, 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 31, 2007

EX-10.1 2 dex101.htm THIRD AMENDMENT TO CREDIT AGREEMENT EFFECTIVE AS OF JUNE 30, 2007 Third Amendment to Credit Agreement effective as of June 30, 2007

Exhibit 10.1

THIRD AMENDMENT TO CREDIT AGREEMENT

THIS THIRD AMENDMENT TO CREDIT AGREEMENT, effective as of June 30, 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.

R E C I T A L S:

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 and as further amended by a Second Amendment to Credit Agreement, dated as of July 13, 2007 (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 The definition of “Consolidated EBITDA” contained in Section 1.1 of the Credit Agreement is hereby restated in its entirety to read as follows:

“"Consolidated EBITDA" means, with respect to any Person for any period of determination, Consolidated Operating Income of such Person for such period, plus, without duplication, (i) depreciation, (ii) amortization, (iii) interest income and (iv) solely for purposes of calculating compliance with the financial covenants set forth in Section 6.2.2 (and not for purposes of calculating the Consolidated Total Debt to EBITDA Ratio as used to determine the Applicable Commitment Fee Percentage, the Applicable L/C Fee Rate and the Applicable Margin), non-cash charges incurred from the impairment of goodwill of such Person and its consolidated Subsidiaries for such period, all as determined on a consolidated basis in accordance with GAAP.”


2. CONDITIONS PRECEDENT

This Amendment shall become effective at such time as the Administrative Agent has received (i) counterparts of this Amendment executed by the Borrowers and the Required Lenders and the Administrative Agent, and (ii) payment to the Administrative Agent for the ratable benefit of the Lenders executing and delivering to the Administrative Agent this Amendment on or before July 27, 2007 of an amendment fee in the amount of 0.05% of each of such Lender’s respective Commitments.

 

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.

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

 

2


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/ Mark Olson

Name:

  Mark Olson

Title:

  Director
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/ Charles Smith

Name:

  Charles Smith

Title:

  Vice President

 

8


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

By:

 

/s/ Naghweh Hashemifard

Name:

  Naghweh 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 Potter

Name:

  Corinne 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/ Masakazu Sato

Name:   Masakazu Sato
Title:   Deputy 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/ Makoto Murata

Name:

  Makoto Murata

Title:

  Deputy General Manager

 

14


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

By:

 

/s/ Elisa Giuliano-Zucaro

 

/s/ Antonio Labriola

 

Name:

  Elisa Giuliano-Zucaro   Antonio Labriola
 

Title:

  Vice President   Vice President

 

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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