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): June 22, 2009
MEDIA SCIENCES INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware |
1-16053 |
87-0475073 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
8 Allerman Road, Oakland, New Jersey 07436
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (201) 677-9311
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 obligations 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 240.14a-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 240.313e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On June 22, 2009, we entered into an agreement of amendment with our senior secured lender, Sovereign Bank. By the amendment, we sought to reduce costs associated with unused line fees, by reducing the available line to $4.9 million from $8 million, and our ability to borrow is increased by the addition of British Pound and Euro receivables, up to the lesser of $750,000 or 75% of qualified foreign accounts, for which the secured lender has a secured interest.
Item 9.01 Financial Statements and Exhibits
(d) |
Exhibits |
Exhibit No. |
|
Description of Exhibit |
10.1 |
|
Third Agreement of Amendment to Revolving Loan and Security Agreement and Other Documents |
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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.
|
MEDIA SCIENCES INTERNATIONAL, INC. |
|
|
Date: June 26, 2009 |
By: /s/ Kevan D. Bloomgren |
|
Kevan D. Bloomgren |
|
Chief Financial Officer |
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