Philadelphia Consolidated Holding (PHLY) Inactive
Filed: 15 Jul 08, 12:00am
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): | July 11, 2008 |
Philadelphia Consolidated Holding Corp.
__________________________________________
(Exact name of registrant as specified in its charter)
| Pennsylvania | 0-22280 | 23-2202671 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| One Bala Plaza, Suite 100, Bala Cynwyd, Pennsylvania | 19004 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 610-617-7900 |
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 July 11, 2008 the Company entered into an Amended and Restated Credit Agreement with Bank of America, N.A. and Wachovia Bank, National Association. This Agreement amended and restated the existing Credit Agreement among the Company and such Banks. Among other changes, the Amended and Restated Credit Agreement changed to the terms of the existing Credit Agreement in the following respects:
a. The maturity date of the Agreement was extended to June 26, 2009;
b. a $10,000,000 Letter of Credit facility was included as part of the aggregate revolving credit commitments of the Bank lenders (being a total of $50,000,000); and
c. the unused commitment fee was increased from .06% to .07% per annum.
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.
| Philadelphia Consolidated Holding Corp. | ||||
| July 15, 2008 | By: | Craig P. Keller | ||
| Name: Craig P. Keller | ||||
| Title: Executive Vice President, Secretary, Treasurer and Chief Financial Officer | ||||