Annual report pursuant to Section 13 and 15(d)

Subsequent Event

v2.4.0.6
Subsequent Event
12 Months Ended
Sep. 30, 2012
Subsequent Event  
Subsequent Event

17.             Subsequent Event

 

We entered into a definitive agreement on October 16, 2012, to acquire privately held Coperion for an estimated purchase price of €423, which includes the assumption of an estimated €91 of net debt and approximately €100 of pension liabilities.  The final price is subject to certain closing and post closing adjustments.  We expect the transaction to close in early December 2012, depending upon satisfaction of certain conditions, including receipt of applicable regulatory approvals.  We expect to fund this acquisition with cash on hand and cash available under our revolving credit facility.

 

In November 2012, we fully exercised the $300 accordion feature under the Facility in order to increase our financing capacity.  This provided a $200 term loan and increased the maximum revolving feature by $100 to $700.  The Company also has the potential, under certain circumstances and with the lenders’ approval, to increase the total amount under the Facility by an additional $300. Principal payments for the term loan are as follows:

 

 

 

Amount

 

2013

 

$

10.0

 

2014

 

10.0

 

2015

 

15.0

 

2016

 

20.0

 

2017

 

145.0

 

 

 

$

200.0