-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QegRFtWOK70u2v1UvQLUxD71t7WOPcQEFxwZE3qvPH1qHa7LPTAc6Y6xsZ7Jc7jR 8beEgfD74r4dnyjhvza6mA== 0000950142-09-000716.txt : 20090602 0000950142-09-000716.hdr.sgml : 20090602 20090602164453 ACCESSION NUMBER: 0000950142-09-000716 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090527 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090602 DATE AS OF CHANGE: 20090602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AbitibiBowater Inc. CENTRAL INDEX KEY: 0001393066 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 980526415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33776 FILM NUMBER: 09868815 BUSINESS ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 BUSINESS PHONE: 514-875-2160 MAIL ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 8-K 1 form8k_052709.htm CURRENT REPORTING
 

 

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)      May 27, 2009

 

ABITIBIBOWATER INC.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

001-33776

98-0526415

(Commission File Number)

(I.R.S. Employer Identification No.)

 

 

AbitibiBowater Inc.
1155 Metcalfe Street, Suite 800
Montréal, Québec, Canada



H3B 5H2

(Address of principal executive offices)

(Zip Code)

 

514 875-2160

(Registrant’s Telephone Number, Including Area Code)

 

NOT APPLICABLE

(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 (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 May 27, 2009, Abitibi-Consolidated Inc. (“Abitibi”), a subsidiary of AbitibiBowater Inc., certain of Abitibi’s affiliates, Citibank, N.A. and Citibank, N.A., London Branch entered into an amendment (the “Amendment”) to the Amended and Restated Receivables Purchase Agreement dated as of January 31, 2008, as previously amended (the “RPA”). Pursuant to the Amendment, the parties agreed to extend the event of termination date to the earlier of (i) June 15, 2009 and (ii) the effective date of a debtor-in-possession financing facility which would provide for the payment in full of all amounts owing under the RPA and related transaction documents.

A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The summary of the Amendment is a summary only and is qualified, in all respects, by the provisions of the Amendment.

 

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS.

 

(d)

Exhibits.

 

EXHIBIT NO.

DESCRIPTION

10.1

Amendment No. 6 to Amended and Restated Receivables Purchase Agreement, dated as of May 27, 2009 to the Amended and Restated Receivables Purchase Agreement, dated as of January 31, 2008 by and among Abitibi-Consolidated U.S. Funding Corp., Eureka Securitisation, plc, as an investor, Citibank, N.A., as a bank, Citibank, N.A., London Branch, as operating agent for the investors and the banks, Abitibi Consolidated Sales Corporation, as an originator and as servicer and Abitibi-Consolidated Inc., as an originator and subservicer.

 

 


 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

ABITIBOWATER INC.

Dated: June 2, 2009

 

By: 



/s/ Jacques P. Vachon

 

 

 

Name:  Jacques P. Vachon

Title:    Senior Vice President,
            Corporate Affairs and Chief
             Legal Officer

 

 

 

 

 

EX-10 2 ex10-1form8k_052709.htm EXHIBIT 10.1

EXHIBIT 10.1

 

 

Amendment No. 6 to Amended and Restated

Receivables Purchase Agreement

 

This AMENDMENT NO. 6 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of May 27, 2009 (this “Amendment”), is made by and among ABITIBI-CONSOLIDATED U.S. FUNDING CORP. (the “Seller”), CITIBANK, N.A. (“Citibank”), as a Bank, CITIBANK, N.A., LONDON BRANCH, as operating agent (the “Agent”) for the Investors and the Banks, ABITIBI-CONSOLIDATED INC. (“ACI”) and ABITIBI CONSOLIDATED SALES CORPORATION (“ACSC”).

 

Preliminary Statements. (1) The Seller, Citibank, Eureka Securitisation, plc, as an Investor, the Agent, ACI, in its capacity as Subservicer and an Originator, and ACSC, in its capacity as Servicer and an Originator, are parties to that certain Amended and Restated Receivables Purchase Agreement, dated as of January 31, 2008 (as amended, restated, supplemented and/or otherwise modified from time to time, the “RPA”; capitalized terms used herein and not otherwise defined herein shall have the meanings attributed to them in the RPA).

 

(2)       The parties hereto wish to amend the RPA on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

SECTION 1.   Amendment to the RPA. Effective as of the date hereof in accordance with Section 2 of this Amendment, Section 7.01(ff) of the RPA is amended and restated to read in its entirety as follows:

 

(ff)      The earlier of (i) 5:00 p.m., New York time, on June 15, 2009 and (ii) the effective date of a debtor-in-possession financing facility for the Originators providing for the payment in full in cash of all Capital of all Receivable Interests and all other amounts owing hereunder and under the other Transaction Documents;

 

SECTION 2.   Effectiveness. This Amendment shall become effective as of the date hereof at such time that (i) executed counterparts of this Amendment have been delivered by each party hereto to the other parties hereto and (ii) Kaye Scholer LLP and Blake, Cassels & Graydon LLP, counsel to the Agent, shall have received payment in full of all legal fees and expenses invoiced on or prior to May 26, 2009.

 

SECTION 3. Representations and Warranties. Each of the Seller and the Servicer represents and warrants that:

 


(a)       each of the representations and warranties contained in Section 4.01 and Section 4.02, respectively, of the RPA (after giving effect to this Amendment) are correct in all material respects on and as of the date of this Amendment as though made on and as of such date; and

 

(b)       no Insurance Policy Event, Servicer Default, Event of Termination or Incipient Event of Termination exists under the RPA (after giving effect to this Agreement).

 

SECTION 4.   Confirmation of RPA. Each reference in the RPA to “this Agreement” or “the Agreement” shall mean the RPA as amended by this Amendment, and as hereafter amended or restated. Except as expressly amended pursuant to Section 1 hereof, the RPA is ratified and confirmed in all respects and shall remain in full force and effect in accordance with its terms. This Amendment shall not be deemed a waiver of any Event of Termination, Incipient Event of Termination, Servicer Default or Insurance Policy Event or any other term or condition of any Transaction Document and shall not be deemed to prejudice any right or rights which any Investor or Bank or the Agent (i) have to exercise any rights, remedies, powers, claims or causes of action now or hereafter available under the RPA or any other Transaction Document as a result of any past, present or future Event of Termination, Incipient Event of Termination, Servicer Default or Insurance Policy Event or (ii) otherwise may now have or may have in the future under or in connection with any Transaction Document or any of the instruments or agreements referred to therein, as the same may be amended from time to time, and each of the Agent, for itself, the Investors and the Banks, and the Banks hereby reserve all of their respective rights, remedies, powers, claims and causes of action under the RPA and under applicable law, all of which rights, remedies, powers, claims and causes of action are cumulative to such party.

 

SECTION 5.   Confirmation of Undertakings. ACI confirms and agrees that, notwithstanding the effectiveness of this Amendment, the Undertaking (Originator) and Undertaking (Servicer) (collectively, the “Undertakings”) heretofore executed and delivered by it are, and shall continue to be, in full force and effect, and the Undertakings are hereby ratified and confirmed.

 

SECTION 6.   Costs and Expenses. The Seller agrees to pay on demand all reasonable costs and expenses in connection with the preparation, execution and delivery of this Amendment, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agent and the Banks with respect thereto.

 

SECTION 7.  GOVERNING LAW. THIS AMENDMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION.

 

2

 

 


                        SECTION 8.   Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or by e-mail in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart of this Amendment.

 

SECTION 9.   Execution by ACI. This Amendment shall be considered to be executed and delivered by ACI at a location in the United States of America and once an authorized director or officer of ACI resident in the United States of America has executed the same.

 

SECTION 10. Language. This Amendment and all related documents have been written in the English language at the express request of the parties. Le présent contrat ainsi que tous les documents s’y rattachant ont été rédigés en anglais à la demande expresse des parties.

 

[Remainder of this page intentionally left blank]

 

3

 

 


                        IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

 

 

ABITIBI-CONSOLIDATED U.S. FUNDING CORP.

 

 

 

 

 

By:

\s\ William Harvey

 

 

Name:

William Harvey

 

 

Title:

President

 

 

 

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

ABITIBI-CONSOLIDATED INC.

 

 

 

 

 

By:

\s\ William Harvey

 

 

Name:

William Harvey

 

 

Title:

VP and Treasurer

 

 

 

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

 

 

 

 

ABITIBI CONSOLIDATED SALES CORPORATION

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

 

 

 

By:

\s\ Allen Dea

 

 

Name:

Allen Dea

 

 

Title:

Assistant Treasurer

 

 

 

 

 

 


 

 

CITIBANK, N.A., London Branch, as Agent

 

 

 

 

 

By:

\s\ Tom Sullivan

 

 

Name:

Tom Sullivan

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

CITIBANK, N.A.

 

 

 

 

 

By:

\s\ Tom Sullivan

 

 

Name:

Tom Sullivan

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

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