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EX-10.1 - EXHIBIT 10.1 - SYNERGETICS USA INCex10_1.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):  November 30, 2011

SYNERGETICS USA, INC.
(Exact name of registrant as specified in its charter)

Delaware
001-10382
20-5715943
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)

3845 Corporate Centre Drive
 
O’Fallon, Missouri
63368
(Address of principal executive offices)
(Zip Code)

(636) 939-5100
(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:

o  Written communications pursuant to Rule 425 under the Securities Act.
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
 


 
 

 

Item 1.01.
Entry into a Material Definitive Agreement.

On November 30, 2011, Synergetics USA, Inc. (the “Company”) and Synergetics, Inc., its wholly owned subsidiary (together with the Company, the “Borrowers”), executed the Ninth Amendment to Credit and Security Agreement (the “Ninth Amendment”) with Regions Bank, as Lender, relating to the Company’s revolving credit facility and equipment line of credit. The Ninth Amendment extends the maturity date of the Company’s revolving credit facility and equipment line of credit to November 30, 2013.

The Ninth Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The summary of the Ninth Amendment contained herein is qualified in its entirety by reference to such exhibit.

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

On November 30, 2011, the Borrowers executed the Ninth Amendment.  The terms of the Ninth Amendment are described in Item 1.01 of this Current Report on Form 8-K, which description is incorporated herein by reference.

Item 9.01.
Financial Statements and Exhibits.
 
 (d)              Exhibits.

Exhibit No.
 
Description of Exhibit
 
Ninth Amendment to Credit and Security Agreement by and among Synergetics Inc. and Synergetics USA, Inc. as Borrowers and Regions Bank as Lender, dated November 30, 2011.

 
 

 

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.

Dated:        December 2, 2011

 
SYNERGETICS USA, INC.
(Registrant)
     
 
By:
/s/ Pamela G. Boone
 
Name:
Pamela G. Boone
 
Title:
EVP and Chief Financial Officer