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EX-10.1 - AMENDMENT NO. 1 TO CREDIT AGREEMENT - CORE LABORATORIES N Vexhibit-10_1creditagreement.htm

 
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 19, 2011
 
 
 
 
 
CORE LABORATORIES N.V.
 
 
(Exact name of registrant as specified in its charter)
 
 
001-14273
 
 
(Commission File Number)
 
The Netherlands
Not Applicable
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
   
Herengracht 424
 
1017 BZ Amsterdam
 
The Netherlands
Not Applicable
(Address of principal executive offices)
(Zip Code)
   
 
Registrant's telephone number, including area code: (31-20) 420-3191
 
 
 
 
 
Check the appropriate 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 1.01 Entry into Material Definitive Agreement
 
 
On April 19, 2011, Core Laboratories N.V. and Core Laboratories LP amended its Fifth Amended and Restated Credit Agreement (henceforth referred to as the “Amended Credit Agreement”) with various financial institutions which are parties to the Amended Credit Agreement (collectively, the “Lenders”), and Bank of America, N.A. as administrative agent for the Lenders and as a letter of credit issuing bank.
 
 
The Amended Credit Agreement primarily includes the following changes:
 
-  
Increases the aggregate borrowing commitment under the existing credit facility from $125 million to $300 million;
-  
In addition, the Amended Credit Agreement provides an option to increase the commitment under the credit facility to $350 million, if certain conditions are met.
 
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
 
Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
 
The information set forth under Item 1.01 above is incorporated herein by reference.
 
 
Item 9.01 Financial Statements and Exhibits
 
 
                (c)    Exhibits
 
10.1
 
Amendment No. 1 to the Fifth Amended and Restated Credit Agreement, dated as of April 19, 2011, among Core Laboratories N.V., Core Laboratories LP and the lenders party thereto and Bank of America, N.A., as administrative agent.
 
 
 
 
 
 

 
 

 

 

 
 
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.
 
 
 
 
 
 
 
             
   
Core Laboratories N.V.
             
Dated: April 21, 2011
 
By
 
/s/ Richard L. Bergmark
   
       
Richard L. Bergmark
   
       
Chief Financial Officer
   
 
 
 
 
 
 
 
 
 

 
 

 

 
CORE LABORATORIES N.V.
 
 
EXHIBIT INDEX TO FORM 8-K
 
 
 
 
 
 
 
 
 
 
     
EXHIBIT NO.
 
ITEM
     
10.1
 
Amendment No. 1 to the Fifth Amended and Restated Credit Agreement, dated as of April 19, 2011, among Core Laboratories N.V., Core Laboratories LP and the lenders party thereto and Bank of America, N.A., as administrative agent.