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 20, 2007
C&D Technologies, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9389 13-3314599
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1400 Union Meeting Road,
Blue Bell, Pennsylvania 19422
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 619-2700
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:
|_| 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))
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Item 1.01 Entry into a Material Definitive Agreement.
On July 20, 2007, C&D executed an Amendment No. 5 to Loan and Security
Agreement dated December 7, 2005 (the "Credit Facility") in contemplation of
adding another lender to the Credit Facility. The Amendment modifies the
definition of "Required Lenders" to mean those Lenders whose Pro Rata Shares
aggregate more than sixty-five percent (65%) or more of the aggregate of the
Commitments of all Lenders , or if the Commitments shall have been terminated ,
Lenders to whom more than 65% of the then outstanding Obligations are owing.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Exhibit Description
- ----------- -------------------
10.1 Amendment No. 5 dated July 20, 2007 to Loan and Security
Agreement dated as of December 7, 2005, as amended, by and
among C&D Technologies, Inc., C&D Technologies (Datel),
Inc., C&D Technologies (CPS) LLC, the Guarantors identified
on the signature pages thereto, and Wachovia Bank, National
Association, a national banking association, in its
capacity as Agent and Lender.
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.
C&D TECHNOLOGIES, INC.
By: /s/ Ian J. Harvie
-----------------
Ian J. Harvie, Vice President and
Chief Financial Officer
Date: July 26, 2007
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EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
10.1 Amendment No. 5 dated July 20, 2007 to Loan and Security
Agreement dated as of December 7, 2005, as amended, by and
among C&D Technologies, Inc., C&D Technologies (Datel),
Inc., C&D Technologies (CPS) LLC, the Guarantors
identified on the signature pages thereto, and Wachovia
Bank, National Association, a national banking
association, in its capacity as Agent and Lender.
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