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 4, 2008
EMPIRE RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-12127 22-3136782
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
ONE PARKER PLAZA
Fort Lee, New Jersey 07024
(Address of principal executive offices, including zip code)
(201) 944-2200
(Registrant's telephone number, including area code)
Not applicable
(Former name or 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):
[_] 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.
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On February 4, 2008, Empire Resources, Inc. (the "Company"), certain
lenders (collectively the "Banks") that are parties to the Company's June 13,
2006 Amended and Restated Credit Agreement (the "Credit Agreement"), and JP
Morgan Chase Bank, N.A., as agent for the Banks, entered into Amendment No. 4 to
the Credit Agreement. Amendment No. 4, which is dated as of January 30, 2008,
amends the definition of "Borrowing Base" and provides for an increase from
$150,000,000 to $175,000,000 in the maximum aggregate amount of commitments of
the Banks to extend credit (by making loans and issuing letters of credit) to
the Company under the Credit Agreement. One of the Banks that is a party to the
Credit Agreement, Fortis Bank S.A./N.V., New York Branch, is also party to a
separate credit facility with the Company's Belgian subsidiary, Imbali Metals
Bvba ("Imbali"), providing for up to EUR 10 million of loans and documentary
letters of credit, and the Company is a guarantor of Imbali's obligations
thereunder.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
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Off-Balance Sheet Arrangement of a Registrant.
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The information from Item 1.01 above is incorporated by reference
into this Item 2.03.
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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 hereunto duly authorized.
EMPIRE RESOURCES, INC.
Date: February 4, 2008 /s/ Sandra Kahn
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Sandra Kahn
Chief Financial Officer
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