UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 10, 2008
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FIRST NIAGARA FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
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Delaware | | 42-1556195 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification Number) |
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6950 South Transit Road, P.O. Box 514, Lockport, NY | | 14095-0514 |
(Address of Principal Executive Offices) | | (Zip Code) |
(716) 625-7500
(Registrant’s telephone number)
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Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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 (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 10, 2008, First Niagara Financial Group, Inc. (the Company) amended its revolving credit agreement (the Agreement) with Fifth Third Bank to increase the maximum amount the Company may borrow from $50.0 million to $100.0 million. This additional capacity will provide short-term funding for the pending acquisition of Great Lakes Bancorp, which is expected to close in February 2008. In accordance with the amended Agreement, the Company must continue to comply with the financial covenants set forth in the original agreement. As of January 10, 2008, there were no borrowings outstanding under the Agreement and the Company was in compliance with all financial covenants. A copy of the amended and restated revolving credit promissory note is filed as exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
| | 99.1 | Third Amended and Restated Revolving Credit Promissory Note |
SIGNATURE
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.
| | FIRST NIAGARA FINANCIAL GROUP, INC. |
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| DATE: January 10, 2008 | By: | /s/ Michael W. Harrington |
| | | Michael W. Harrington |
| | | Chief Financial Officer |
| | | (Duly authorized representative) |
