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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: April 19, 1999
Hercules Incorporated
(Exact name of registrant as specified in its charter)
Delaware 001-00496 51-0023450
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Hercules Plaza
1313 North Market Street
Wilmington, Delaware 19894-0001
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 594-5000
Not Applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On October 15, 1998, Hercules Incorporated, a Delaware corporation,
merged with BetzDearborn, Inc. In order to pay the merger consideration,
Hercules borrowed $3.65 billion under a credit facility which was syndicated by
NationsBank, N.A. This Credit Agreement, dated October 15, 1998, was previously
filed as an exhibit to Hercules Current Report on Form 8-K dated October 15,
1998.
On April 19, 1999, upon Hercules' receipt of approval by all lenders
thereunder, the Credit Agreement was amended and restated to effect changes,
including the following:
(1) Hercules can now borrow in Euros, as well as United States of
America dollars, and certain outstanding borrowings were
converted to indebtedness denominated in Euros.
(2) Hercules' Canadian subsidiary, BetzDearborn Canada, Inc., can
borrow up to U.S. $100 million from select lenders in Canada in
Canadian dollars.
(3) Hercules has greater flexibility to make corporate changes
within the Hercules family of entities without the need to
obtain consent from the lenders under the Credit Agreement.
The Amended and Restated Credit Agreement, dated April 19, 1999, is
attached as an exhibit to this Current Report on Form 8-K and is incorporated by
reference herein.
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Item 7. Financial Statements and Exhibits
Number Exhibit
- ------ -------
10.2 Amended and Restated Credit Agreement, dated April 19, 1999,
among Hercules Incorporated, NationsBank, N.A., as Administrative
Agent, and the lenders party thereto.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
HERCULES INCORPORATED
Date April 30, 1999 By: /s/ Israel J. Floyd
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Israel J. Floyd
Corporate Secretary
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Exhibit Index
Number Exhibit
- ------ -------
10.2 Amended and Restated Credit Agreement, dated April 19, 1999,
among Hercules Incorporated, NationsBank, N.A., as
Administrative Agent, and the lenders party thereto.
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