Attached files
| file | filename |
|---|---|
| EX-99.1 - HANDY & HARMAN LTD. | ex991to8k06447003_01222015.htm |
| EX-10.1 - HANDY & HARMAN LTD. | ex101to8k06447003_01222015.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): January 22, 2015
|
HANDY & HARMAN LTD.
|
||
|
(Exact name of registrant as specified in its charter)
|
||
|
Delaware
|
1-2394
|
13-3768097
|
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
|
1133 Westchester Avenue, Suite N222, White Plains, New York
|
10604
|
|
|
(Address of principal executive offices)
|
(Zip Code)
|
|
Registrant’s telephone number, including area code: (914) 461-1300
|
N/A
|
|
(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 (see General Instruction A.2. below):
o 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 January 22, 2015, Handy & Harman Group Ltd. (“HNH Group”), a wholly-owned subsidiary of Handy & Harman Ltd. (the “Company”), and certain subsidiaries of HNH Group, entered into a second amendment (the “Second Amendment”) to its Amended and Restated Credit Agreement (the “Credit Agreement”), dated as of August 29, 2014, with PNC Bank, National Association, in its capacities as administrative agent and collateral agent for the lenders thereunder, to, among other things, provide for the consent of the administrative agent and the lenders, subject to compliance with certain conditions, for the tender offer by HNH Group Acquisition LLC (“HNH Group Acquisition”), a newly formed subsidiary of HNH Group, for the shares of common stock of JPS Industries, Inc., including the use of up to $71 million under the credit facility to purchase such shares, and certain transactions related thereto. In addition, HNH Group Acquisition LLC and HNH Acquisition LLC, another newly formed subsidiary of HNH Group, will become guarantors under the Credit Agreement pursuant to the Second Amendment.
The foregoing description of the Second Amendment is a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the information contained therein is incorporated herein by reference.
|
Item 8.01
|
Other Events.
|
On January 26, 2015, the Company issued a press release announcing that HNH Group Acquisition has commenced a tender offer to purchase up to 10,028,724 shares, or approximately 96.5% of the outstanding shares, of common stock of JPS Industries, Inc. at a price of $10.00 per share in cash to all stockholders other than SPH Group Holdings LLC ("SPHG Holdings"), a subsidiary of Steel Partners Holdings L.P., the parent company of the Company, and with respect to the shares owned by SPHG Holdings, in exchange for common stock of the Company.
|
Item 9.01
|
Financial Statements and Exhibits.
|
(d) Exhibits
|
|
Exhibit No.
|
Exhibits
|
|
|
10.1
|
Second Amendment, dated as of January 22, 2015, to the Amended and Restated Credit Agreement, dated as of August 29, 2014, by and among Handy & Harman Group Ltd., certain of its subsidiaries as guarantors, PNC Bank N.A., in its capacity as agent acting for the financial institutions party thereto as lenders, and the financial institutions party thereto as lenders.
|
|
|
99.1
|
Press release, dated January 26, 2015.
|
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 thereunto duly authorized.
|
HANDY & HARMAN LTD.
|
|||
|
Dated: January 26, 2015
|
By:
|
/s/ James F. McCabe, Jr. | |
|
Name:
|
James F. McCabe, Jr.
|
||
|
Title:
|
Chief Financial Officer
|
||