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): September 7, 2006
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HARTFORD LIFE, INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-12749 06-1470915
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Hartford Life, Inc.
200 Hopmeadow Street
Simsbury, Connecticut 06089
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (860) 547-5000
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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 September 7, 2006, The Hartford Financial Services Group, Inc. ("The
Hartford") and its wholly-owned, indirect subsidiary, Hartford Life, Inc. (the
"Company"), entered into the First Amendment (the "Amendment") to the $1.6
billion Five-Year Competitive Advance and Revolving Credit Facility Agreement
dated as of September 7, 2005 (the "Credit Agreement"), among The Hartford, the
Company and a syndicate of financial institutions, including Bank of America,
N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Citibank, N.A. as
syndication agents, and Wachovia Bank, N.A., as Documentation Agent.
Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to them in the Credit Agreement, as amended by the Amendment.
The Amendment serves to (i) amend the definition of Consolidated Total Debt to
exclude the aggregate principal amount of Consumer Notes outstanding at any time
that S&P does not classify the Consumer Notes as financial leverage of The
Hartford or a Subsidiary, (ii) prohibit the aggregate principal amount of
Consumer Notes outstanding from exceeding $3,000,000,000 (the "Principal
Limitation") in the first year following the Amendment and permit the amount of
such Principal Limitation to increase by $1,000,000,000 on each anniversary of
the Amendment until the Principal Limitation reaches $6,000,000,000 and (iii)
add a ten Business Day cure period in the event that the Company fails to pay
any principal or interest due on Consumer Notes that have a principal amount in
excess of $100,000,000.
A copy of the Amendment is filed herewith as Exhibit 10.1 to this Form 8-K and
is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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10.01 First Amendment, dated September 7, 2006, among the Company,
Hartford Life, Inc., the lenders named therein, and BANK OF
AMERICA, N.A., as administrative agent for the lenders, to the
Five-Year Competitive Advance and Revolving Credit Facility
Agreement dated as of September 7, 2005, among the Company,
Hartford Life, Inc. and a syndicate of financial institutions,
including Bank of America, N.A., as administrative agent,
JPMorgan Chase Bank, N.A. and Citibank, N.A., as syndication
agents, and Wachovia Bank, N.A., as Documentation Agent
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.
HARTFORD LIFE, INC.
Date: September 11, 2006 By: /s/ Neal S. Wolin
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Name: Neal S. Wolin
Title: Executive Vice President and
General Counsel