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) March 13, 2008
(Exact name of registrant as specified in its charter)
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| Minnesota | | 333-84486 | | 41-0365145 |
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(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
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4001 Lexington Avenue North
Arden Hills, Minnesota | |
55126 |
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| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (651) 481-2222
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:
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| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)). |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Land O’Lakes, Inc. (the “Company”) announced that it executed an amendment to its five-year accounts receivable securitization facility (the “AR Facility”), arranged by CoBank, ACB, to increase its borrowing capacity thereunder from $300,000,000 to $400,000,000. Pricing and other material terms and conditions under the facility were unchanged. The amendment will provide the Company with additional liquidity to support ongoing working capital needs in the currently higher-priced commodity environment, including seasonal capital for the recently acquired crop protection product business. The Company also amended its $225,000,000, five-year secured revolving credit facility, arranged by JPMorgan Chase Bank, to permit the expansion of the AR Facility.
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.
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| | LAND O’LAKES, INC.
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| Date: March 13, 2008 | /s/ Peter Janzen | |
| | Peter Janzen | |
| | Senior Vice President
and General Counsel | |
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