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
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| Date of Report (Date of Earliest Event Reported): | | December 15, 2006 |
Kraton Polymers LLC
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(Exact name of registrant as specified in its charter)
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| Delaware | 333-123747 | 94-2805249 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 15710 John F. Kennedy Blvd., Suite 300, Houston, Texas | | 77032 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 281-504-4700 |
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 December 15, 2006, Kraton Polymers LLC (the "Company") entered into Amendment No. 5 (the "Amendment") to the Credit and Guaranty Agreement, dated as of December 23, 2003, as amended from time to time, among the Company, each of the guarantors thereto, UBS AG, Stamford Branch, as Administrative Agent and each of the lenders thereto, to permit the restructuring of the Company's European assets to realize potential savings from its European subsidiaries. The restructuring is expected to save the Company approximately $8 to $12 million in cash payments over the next 5 years. The terms of the Agreement are set forth on Exhibit 10.1 attached hereto.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are filed with this Current Report pursuant to Item 1.01.
(c) Exhibits
10.1 Amendment No. 5 to Credit and Guaranty Agreement dated December 15, 2006, between the Company, the Guarantors,the Administrative Agent and the Lenders.
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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| | | Kraton Polymers LLC |
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| December 15, 2006 | | By: | | /s/ Joseph J. Waiter
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| | | | | Name: Joseph J. Waiter |
| | | | | Title: Vice President and General Counsel |
Exhibit Index
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| Exhibit No. | | Description |
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10.1 | | Amendment No. 5 to Credit and Guaranty Agreement dated as of December 15, 2006, executed by and among the Company, the Guarantors, the Administrative Agent and the Lenders. |
