-----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, LzVcwyfWmIEb6qHZYj2uY+ZHdnDJOGhy0tWpMjx6eubk3EW7iNde1d2l6lovI+mX kL0wDv7p8FNkHp8IwigAOg== 0001193125-07-236659.txt : 20071106 0001193125-07-236659.hdr.sgml : 20071106 20071106155212 ACCESSION NUMBER: 0001193125-07-236659 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071031 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20071106 DATE AS OF CHANGE: 20071106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HILB ROGAL & HOBBS CO CENTRAL INDEX KEY: 0000814898 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 541194795 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15981 FILM NUMBER: 071217934 BUSINESS ADDRESS: STREET 1: THE HILB, ROGAL AND HAMILTON BUILDING STREET 2: 4951 LAKE BROOK DRIVE, SUITE 500 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8047476500 MAIL ADDRESS: STREET 1: P O BOX 1220 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: HILB ROGAL & HAMILTON CO /VA/ DATE OF NAME CHANGE: 19920703 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): October 31, 2007

 

HILB ROGAL & HOBBS COMPANY

(Exact name of registrant as specified in its charter)

 

0-15981

(Commission File Number)

 

Virginia   54-1194795

(State or other jurisdiction

of incorporation)

  

(I.R.S. Employer

Identification No.)

 

4951 Lake Brook Drive, Suite 500

Glen Allen, Virginia

   23060
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (804) 747-6500

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:

 

¨ 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 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

Hilb Rogal & Hobbs Company (the “Registrant”) has a Credit Agreement (the “Credit Agreement”) dated April 26, 2006 and subsequently amended, by and between the Registrant, as borrower; the lenders named therein; and Bank of America, N.A., as administrative agent. The Credit Agreement, as amended, provides a revolving credit facility to the Registrant with an aggregate principal amount of $450.0 million (the “Revolving Credit Facility”). The Revolving Credit Facility matures in April 2011 and related borrowings bear interest at variable rates based on LIBOR plus a negotiated spread. Subsequent to the initial borrowing on the closing date, the Registrant has made the following Revolving Credit Facility borrowings:

 

  •  

$10.0 million on August 1, 2006

 

  •  

$65.0 million on January 2, 2007

 

  •  

$20.0 million on July 1, 2007

 

  •  

$100.0 million on October 31, 2007.

The Registrant’s primary purpose for the above borrowings has been to assist with the funding of its acquisition program. As of the date of this Current Report on Form 8-K, the Registrant has outstanding Revolving Credit Facility borrowings of $295.6 million.

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.

 

  HILB ROGAL & HOBBS COMPANY
  (Registrant)
Date: November 6, 2007   By:  

/s/ Michael Dinkins

    Michael Dinkins
    Executive Vice President and
    Chief Financial Officer
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