form8-k.htm
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):
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January
25,
2008
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AllianceBernstein
Holding l.p.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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001-09818
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13-3434400
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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 Number)
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1345
Avenue of the Americas, New York, New York
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10105
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
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212-969-1000
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Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions:
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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¨
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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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Section
1.
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Registrant’s
Business and
Operations
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Item
1.01.
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Entry
into a Material
Definitive Agreement.
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On
January 25, 2008, a three-year $950
million Revolving Credit Agreement (“Agreement”) was
entered into among Sanford C. Bernstein & Co., LLC (a wholly-owned
subsidiary of AllianceBernstein L.P., “SCB LLC”), as borrower, AllianceBernstein
L.P. (“AllianceBernstein”), as U.S. guarantor, Citibank N.A., as administrative
agent, Citigroup Global Markets Inc., as arranger, JPMorgan Chase Bank, N.A.
and
Bank of America, N.A., as co-syndication agents, HSBC Bank USA, National
Association, as documentation agent, and certain other financial
institutions.
As
guarantor under the Agreement,
AllianceBernstein has agreed to guarantee the obligations of SCB
LLC. AXA has also agreed to guarantee the obligations of SCB LLC
under the Agreement. AllianceBernstein will reimburse AXA to the extent AXA
must
pay on its guarantee. AllianceBernstein is an indirect,
majority-owned subsidiary of AXA.
In
February 2006, AllianceBernstein
entered into a revolving credit facility with a group of commercial banks
and
other lenders. The revolving credit facility is intended to provide back-up
liquidity for our $800 million commercial paper program. Under the revolving
credit facility, the interest rate, at our option, is a floating rate generally
based upon a defined prime rate, a rate related to the London Interbank Offered
Rate (LIBOR) or the Federal Funds rate. On November 2, 2007, we increased
the
revolving credit facility by $200 million to $1.0 billion.
On
January 25, 2008, AllianceBernstein
entered into a two-month $100 million uncommitted line of credit with Citibank,
N.A. to supplement the revolving credit facility and to protect against any
unforeseen liquidity needs that might arise over the next two
months.
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.
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AllianceBernstein
Holding l.p.
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Dated: January
31, 2008
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By:
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/s/
Robert H. Joseph, Jr.
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Robert
H. Joseph, Jr.
Senior
Vice President and
Chief
Financial Officer
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