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): February 10, 2017
HEXION INC.
(Exact Name of Registrant as Specified in Its Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
1-71 | 13-0511250 | |
| Commission File Number | (I.R.S. Employer Identification No.) | |
180 East Broad Street, Columbus, Ohio | 43215-3799 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
614-225-4000 (Registrant’s Telephone Number, Including Area Code) | ||
(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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01 | Other Events. |
On December 21, 2016, Hexion Inc. (the “Company”) announced on its Current Report on Form 8-K the Company’s entry into an amendment agreement (the “Amendment Agreement”) to amend and restate its amended and restated asset-based revolving credit facility (as amended and restated, the “ABL Facility”). On February 10, 2017, the Company satisfied conditions to the effectiveness of the extended revolving facility commitments (the “Extended ABL Facility Commitments”) under the Amendment Agreement. As a result, the existing $400 million of revolving facility commitments under the ABL Facility with a maturity date of March 28, 2018 were replaced and the lenders party to the Amendment Agreement provided the Extended ABL Facility Commitments in an aggregate principal amount of $350 million with a maturity date of December 5, 2021. The December 5, 2021 maturity date of the Extended ABL Facility Commitments is subject to certain early maturity triggers based on the maturity date and outstanding principal amount of certain series of the Company’s secured notes.
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 thereunto duly authorized.
| HEXION INC. | |||
| Date: | February 13, 2017 | /s/ George F. Knight | |
| George F. Knight | |||
| Executive Vice President and Chief Financial Officer | |||