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): October 21, 2014

                               

   EATON VANCE CORP.   

 (Exact name of registrant as specified in its charter)

Maryland

1-8100

    

04-2718215

(State or other jurisdiction

(Commission File Number)

(IRS Employer Identification No.)

  of incorporation)

Two International Place, Boston, Massachusetts

02110

  (Address of principal executive offices)

 (Zip Code)

Registrant’s telephone number, including area code:  (617) 482-8260

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):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

INFORMATION INCLUDED IN THE REPORT

Item 1.01.

Entry into a Material Definitive Agreement.

On October 21, 2014, Eaton Vance Corp. (the "Company") executed a credit agreement (the “Agreement”) for a revolving credit facility (the “Facility”) with Wells Fargo Bank, National Association (“Wells Fargo Bank”), as administrative agent, the Company's wholly owned subsidiary, Eaton Vance Management (“EVM”), as guarantor, and Additional Borrowers and Lenders from time to time as defined in the Agreement. The Agreement, which expires on October 21, 2019, provides for a five-year $300 million unsecured revolving credit facility with a $35 million sublimit for swingline loans. Subject to the terms of the Agreement, the Facility may be increased up to $400 million based on commitments from new Lenders or increases in commitments by existing Lenders subject to the consent of the Company and Wells Fargo Bank. Proceeds from the Facility may be used for, but not limited to, working capital and other general corporate purposes of the Company and its subsidiaries. The Agreement contains financial covenants with respect to leverage and interest coverage and requires the Company to pay an annual commitment fee on the Facility.

As of October 21, 2014, the Facility replaced a revolving credit facility entered into between the Company, JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, EVM, and several lending banks pursuant to an agreement dated June 4, 2012 (the “2012 Facility”), as previously disclosed on Form 8-K, that allowed the Company to borrow up to $300 million under similar terms and conditions.

The foregoing descriptions of the Agreement do not purport to be complete statements of the parties’ rights under the Agreement and are qualified in their entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 hereto.

Item 1.02.

Termination of a Material Definitive Agreement.

As described above, this Facility replaced the 2012 Facility. There were no outstanding borrowings under the 2012 Facility upon termination. See Item 1.01 above, the contents of which are incorporated by reference herein.

See Item 1.01 above, the contents of which are incorporated by reference herein.

Item 9.01

Financial Statements and Exhibits

Exhibit No.

Document

10.1

Credit Agreement among the Company, Wells Fargo Bank, EVM, and the lenders thereto dated October 21, 2014

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.

EATON VANCE CORP.

(Registrant)

Date:

October 23, 2014

/s/ Laurie G. Hylton

Laurie G. Hylton, Chief Financial Officer & Chief Accounting Officer