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): JUNE 10, 2005
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GRAHAM CORPORATION
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(Exact name of Registrant as specified in its charter)
DELAWARE 1-8462 16-1194720
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
20 FLORENCE AVENUE, BATAVIA, NEW YORK 14020 14020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (585) 343-2216
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N/A
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(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:
[ ] 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))
[ ] 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 June 10, 2005, Graham Corporation (the "Company") amended its
Amended and Restated Credit Facility Agreement dated November 3, 1999 (the
"Credit Facility") with Fleet National Bank ("Fleet") pursuant to a Fourth
Amendment to Credit Facility Agreement (the "Amendment"). The Amendment revises
the Credit Facility to make available for the Company's account letters of
credit in aggregate not to exceed the lesser of (a) $8 million or (b) the
remaining availability after borrowings under the Company's revolving line.
Before the Amendment, the Company's letter of credit capacity was a maximum of
$4 million. This Company entered into the Amendment in order to both meet the
anticipated increase in its future orders and maintain contractual progress
payments in certain sales contracts. A copy of the Amendment is attached to this
report as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following is attached as an exhibit to this Form 8-K:
Exhibit No. Description
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99.1 Fourth Amendment to Credit Facility Agreement dated as of
June 10, 2005.
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.
GRAHAM CORPORATION
Date: June 15, 2005 By: /s/ J. Ronald Hansen
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J. Ronald Hansen
Vice President - Finance & Administration
and Chief Financial Officer