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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: May 24, 2005
R & B, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 000-18914 23-2078856
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3400 East Walnut Street
Colmar, Pennsylvania 18915
(Address of principal executive offices)
Registrant's telephone number, including area code: 215-997-1800
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Item 1.01. Entry into a Material Definitive Agreement.
On May 23, 2005, R&B, Inc. (the "Company") entered into an amendment to
its Revolving Credit Facility by and among the Company and Wachovia Bank,
National Association. The amendment extended the term of the Revolving Credit
Facility through June 30, 2007 and increased the maximum aggregate credit
amount under the Revolving Credit Facility from Ten Million Dollars
($10,000,000) to Twenty Million Dollars ($20,000,000). Borrowings under the
amended Revolving Credit Facility are on an unsecured basis with interest rates
ranging from LIBOR plus 65 basis points to 150 basis points depending upon the
the Company's ratio between net debt to EBITDA. The amendment includes an
Unused Facility Fee equal to 0.125% on the amount of any and all unused portion
of the facility. Wachovia is the Company's primary provider of financial
banking services.
Item 9.01(c) Exhibits
Exhibit 99.1 Amendment dated May 23, 2005 to the Company's Revolving
Credit Facility.
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.
R&B, Inc.
(Registrant)
Dated: May 24, 2005 By: /s/ Mathias J. Barton
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Mathias J. Barton
Chief Financial Officer and
Principal Accounting Officer
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