Franklin Electric Form 8-K credit agreement 11/09/06
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) November
9, 2006
FRANKLIN
ELECTRIC CO., INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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INDIANA
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0-362
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35-0827455
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| |
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(STATE
OR OTHER JURISDICTION OF INCORPORATION OR
ORGANIZATION)
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(COMMISSION
FILE NUMBER)
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(I.R.S.
EMPLOYER IDENTIFICATION
NO.)
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400
EAST SPRING STREET
BLUFFTON,
INDIANA
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46714
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(ADDRESS
OF PRINCIPAL EXECUTIVE OFFICES)
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(ZIP
CODE)
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(260)
824-2900
(REGISTRANT'S
TELEPHONE NUMBER, INCLUDING AREA CODE)
No
Change
(Former
name and 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 (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
o
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
November 9, 2006, Franklin Electric Co., Inc. (the “Company”) executed the
commitment letter attached as Exhibit 10.1 providing for a commitment of
JPMorgan Chase Bank, N.A. to provide and J.P. Morgan Securities Inc. to
structure, arrange and syndicate a senior revolving credit facility in an
aggregate amount of $120,000,000 by amending and restating the Credit Agreement
dated as of September 9, 2004, as amended, among the Company and the lenders
party thereto. The commitment is subject to a number of conditions, and the
description of the commitment letter herein is qualified in its entirety by
reference to Exhibit 10.1.
Item
9.01 Financial Statement and Exhibits
The
following information is furnished pursuant to Item 9.01, “Financial Statements
and Exhibits”: (10.1) $120,000,000 Credit Facility Commitment Letter, dated
November 3, 2006 from JPMorgan Chase Bank, N.A. and J.P. Morgan Securities
Inc.
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 thereunto
duly authorized.
FRANKLIN
ELECTRIC CO., INC.
(Registrant)
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Date:
November 13, 2006
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By
/s/ Thomas J Strupp
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Thomas
J Strupp,
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Vice
President, Chief Financial
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Officer
and Secretary (Principal
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Financial
and Accounting Officer)
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