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EX-10.1 - THIRD AMENDMENT TO CREDIT AGREEMENT - NOVELLUS SYSTEMS INCdex101.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): May 12, 2011

 

 

NOVELLUS SYSTEMS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

California

(State or Other Jurisdiction of Incorporation)

 

0-17157   77-0024666
(Commission File Number)   (I.R.S. Employer Identification No.)

4000 North First Street, San Jose, California 95134

(Address of Principal Executive Offices) (Zip Code)

(408) 943-9700

(Registrant’s Telephone Number, Including Area Code)

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 1.01. Entry into a Material Definitive Agreement.

On May 12, 2011, Novellus Systems, Inc. entered into a Third Amendment to Credit Agreement (the “Amendment”) with Bank of America, N.A. to its Credit Agreement dated June 17, 2009, as amended on September 23, 2009 and April 26, 2011 (the “Credit Agreement”).

The Amendment amends the definition of Applicable Rate in the Credit Agreement from 0.75% to 0.50% per annum and extends the Maturity Date of the Credit Agreement to March 3, 2014.

The description of the Amendment contained in this Current Report on Form 8-K is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1.

 

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 in Item 1.01 hereof is incorporated by reference into this Item 2.03.

 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

  

Description

10.1

   Third Amendment to Credit Agreement dated May 12, 2011 by and between Novellus Systems, Inc. and Bank of America, N.A.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NOVELLUS SYSTEMS, INC.
By:  

/s/ Andrew Gottlieb

  Andrew Gottlieb
  Vice President, General Counsel and Secretary

Date: May 16, 2011


EXHIBIT INDEX

 

Exhibit

  

Description

10.1

   Third Amendment to Credit Agreement dated May 12, 2011 by and between Novellus Systems, Inc. and Bank of America, N.A.