P & F Industries, Inc. dated August 31, 2006 re: Amendment No.: 6 to Credit Agreement
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 (Date of earliest event reported): August
31, 2006
P
& F INDUSTRIES, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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1-5332
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22-1657413
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(State
or Other Jurisdiction of Incorporation
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(Commission
File No.)
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(IRS
Employer Identification Number)
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445
Broadhollow Road, Suite 100, Melville, New York 11747
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code: (631)
694-9800
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:
G
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
G
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
G
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR
240.14d-2(b))
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G
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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.
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Entry
into a Material Definitive
Agreement.
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On
August
31, 2006, P & F Industries, Inc. (the “Registrant”), and its subsidiaries,
Florida Pneumatic Manufacturing Corporation (“Florida Pneumatic”), Embassy
Industries, Inc. (“Embassy”), Green Manufacturing, Inc. (“Green”), Countrywide
Hardware, Inc. (“Countrywide”), Nationwide Industries, Inc. (“Nationwide”),
Woodmark International, L.P. (“Woodmark”), Pacific Stair Products, Inc.
(“Pacific”) and WILP Holdings, Inc. (“WILP”, and collectively with the
Registrant, Florida Pneumatic, Embassy, Green, Countrywide, Nationwide, Woodmark
and Pacific, the “Co-Borrowers”), Citibank, N.A. and HSBC Bank USA, National
Association (collectively, the “Lenders”) and Citibank, N.A., as Administrative
Agent for the Lenders, entered into an amendment (the “Amendment”) to the Credit
Agreement, dated as of June 30, 2004, by and among the Co-Borrowers, the Lenders
and the Administrative Agent, as previously amended (the “Credit Agreement”).
The Amendment extends the maturity date of the Credit Agreement from August
31,
2006 to June 30, 2007.
The
foregoing is a summary of the Amendment and is qualified in its entirety by
the
terms and provisions of the Amendment, a copy of which is attached hereto as
Exhibit 10.1.
Item
9.01.
|
Financial
Statements and
Exhibits.
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10.1
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Amendment
No.
6 to
Credit Agreement, dated as of August 31, 2006, by and among P&F
Industries, Inc., Florida Pneumatic Manufacturing Corporation, Embassy
Industries, Inc., Green Manufacturing, Inc., Countrywide Hardware,
Inc.,
Nationwide Industries, Inc., Woodmark International, L.P., Pacific
Stair
Products, Inc. and WILP Holdings, Inc., as Co-Borrowers, Citibank,
N.A.
and HSBC Bank USA, National Association, as Lenders, and Citibank,
N.A.,
as Administrative Agent for the
Lenders.
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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 hereunto
duly authorized.
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P
&
F
INDUSTRIES, INC. |
|
|
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Date: August
31,
2006 |
By: |
/s/ Joseph
A.
Molino, Jr. |
|
Joseph
A. Molino, Jr.
Vice
President,
Chief
Operating Officer and
Chief
Financial Officer
|