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HUDSON TECHNOLOGIES INC /NY FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 7, 2014

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of a Registrant.

On July 2, 2014, Hudson Technologies Company ("HTC"), a subsidiary of Hudson Technologies, Inc. (the "Registrant"), entered into a Third Amendment to Revolving Credit, Term Loan and Security Agreement (the "Amendment") with PNC Bank, National Association ("PNC"), which, among other things, extends the term of HTC's existing credit, term loan and security agreement with PNC (the "Facility"). Pursuant to the Amendment, which is effective June 30, 2014, the Termination Date of the Facility (as defined in the Facility) has been extended to June 18, 2018. The Amendment also amends the Minimum EBITDA covenant in the Facility to require that the Company maintain, on a trailing 12 month basis, tested quarterly, minimum EBITDA for the quarters ending June 30, 2014 through December 31, 2014, as follows:

Period Amount 6 month period ending June 30, 2014 $ 1,123,000 9 month period ending September 30, 2014 $ 1,330,000 12 month period ending December 31, 2014 $ 802,000

In connection with the Amendment, the Registrant and its subsidiary, Hudson Holdings, Inc., entered into a Guarantors' Ratification in which they acknowledged that the obligations under the Facility (as amended) are secured by their existing guaranty and suretyship agreements (the "Guarantors' Ratification"). All other material terms of the Facility remain unchanged.

The foregoing description of the Amendment and related documents does not purport to be complete and is qualified in its entirety by reference to the Amendment and the Guarantors' Ratification, which are filed as exhibits to this report and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits Exhibit 10.1 Third Amendment To Revolving Credit, Term Loan And Security Agreement between Hudson Technologies Company, and PNC Bank, National Association, dated July 2, 2014. Exhibit 10.2 Guarantors' Ratification dated July 1, 2014, by the Registrant and Hudson Holdings, Inc.

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Source: Edgar Glimpses

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