0000927417-14-000023.txt : 20140724 0000927417-14-000023.hdr.sgml : 20140724 20140724172000 ACCESSION NUMBER: 0000927417-14-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140721 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events FILED AS OF DATE: 20140724 DATE AS OF CHANGE: 20140724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POLYMER GROUP INC CENTRAL INDEX KEY: 0000927417 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 571003983 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14330 FILM NUMBER: 14992042 BUSINESS ADDRESS: STREET 1: 9335 HARRIS CORNERS PARKWAY STREET 2: SUITE 300 CITY: CHARLOTTE STATE: NC ZIP: 28269 BUSINESS PHONE: 704-697-5100 MAIL ADDRESS: STREET 1: 9335 HARRIS CORNERS PARKWAY STREET 2: SUITE 300 CITY: CHARLOTTE STATE: NC ZIP: 28269 8-K 1 a8-kdebtrepaymentx7232014.htm 8-K 8-K Debt Repayment - 7/23/2014


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):  July 21, 2014
 
POLYMER GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
 
001-14330
 
57-1003983
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
 
 
 
9335 Harris Corners Parkway, Suite 300
Charlotte, North Carolina
 
28269
(Address of Principal Executive Offices)
 
(Zip Code)
 
(704) 697-5100
(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:
 
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 240.14-12)
 
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 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On July 23, 2014, Polymer Group, Inc. (the “Company”) borrowed $68.0 million of delayed draw term loans (the “Delayed Draw Term Loans”) pursuant to its senior secured credit agreement, dated as of December 19, 2013, among the Company, its direct parent, Scorpio Acquisition Corporation, the lenders from time to time party thereto, and Citicorp North America, Inc. as administrative agent (as amended from time to time, the “Term Loan Facility”). The proceeds of the Delayed Draw Term Loans were used to repay existing indebtedness. The description of the terms of the Delayed Draw Term Loans and the Term Loan Facility are incorporated by reference to Item 2.03 of the Company’s Current Report on Form 8-K filed on June 11, 2014.
Item 8.01    Other Events.

On July 21, 2014, the Company repaid $9.1 million aggregate principal amount of indebtedness of Providencia USA, Inc., a wholly owned subsidiary of Companhia Providência Indústria e Comércio, a Brazilian corporation (sociedade anônima), related to a like amount of recovery zone facility bonds issued by the Iredell County Industrial Facilities and Pollution Control Financing Authority.


2


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.

 
POLYMER GROUP, INC
 
 
 
 
Date: July 24, 2014
/s/ Daniel L. Rikard
 
Daniel L. Rikard
 
Senior Vice President, General Counsel and Secretary