UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 1, 2008
ML Macadamia Orchards, L.P.
(Exact name of registrant as specified in its charter)
Delaware | | 1-9145 | | 99-0248088 |
(State or other jurisdiction | | (Commission | | (IRS Employer |
of incorporation) | | File Number) | | Identification No.) |
| | | | |
26-238 Hawaii Belt Road, Hilo, Hawaii | | 96720 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code 808-969-8057
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)
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 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On July 1, 2008 an extension was granted to Recitals C of the Fifth Amendment dated April 25, 2008 to Term Loan Promissory Note dated May 1, 2000 and Revolving Loan Promissory Note dated May 1, 2004 and Supplemental Security Agreement dated May 1, 2004. This grant extends the Revolving Loan Maturity Date and Additional Security Requirement Date from July 1, 2008 to July 31, 2008.
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.
| ML Macadamia Orchards, L.P. |
| (Registrant) |
| | |
Date: July 7, 2008 | | |
| | |
| By: | ML Resources, Inc. |
| | Managing General Partner |
| | |
| | |
| By: | /s/ Dennis J. Simonis |
| | Dennis J. Simonis |
| | President and Chief Executive Officer |
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June 30, 2008
ML Macadamia Orchards, L.P.
26-238 Hawaii Belt Road,
Hilo, Hawaii 96720
Attention: Dennis J. Simonis, President
Re: Revolver Maturity Date Extension Request
Dear Dennis:
The purpose of this letter is to address the Revolving Loan Maturity Date in the Amended and Restated Credit Agreement dated May 1, 2004 (as amended, the “Agreement”) and the Additional Security Requirement Date in the Fifth Amendment dated April 25, 2008 to the Agreement. In view of the fact that ML Macadamia Orchards, L.P. does not yet have an executed nut supply contract with Mauna Loa, American AgCredit, PCA hereby agrees to extend the Revolving Loan Maturity Date and Additional Security Requirement Date from July 1, 2008 to July 31, 2008. During the extension Revolving Advances will continue to be available to ML Macadamia Orchards, L.P. as provided in the Agreement.
Please give me a call should you have any questions.
Sincerely,
Vern Zander
Vice-President
2140 Professional Drive, Suite 205 Roseville, CA 95661 Phone 916.784.0550 Fax 916.784.1020 www.agloan.com
The Farm Credit System
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