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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) NOVEMBER 6, 2007
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HARSCO CORPORATION
(Exact name of registrant as specified in its charter)
DE 1-3970 23-1483991
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
350 POPLAR CHURCH ROAD, CAMP HILL PA 17011
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 717-763-7064
(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 (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))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN
OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
On November 6, 2007, Harsco Corporation (the "Company"), JP Morgan Chase Bank
N.A., as Administrative Agent, and a syndicate of 12 other banks entered into a
364-day Credit Agreement (the "Credit Facility") that enables the Company to
borrow up to $450 million in short-term advances.
The Company can elect to repay any advances outstanding on the termination date
of the credit agreement over the succeeding period, not to exceed 12 months. The
Credit Facility contains usual and customary affirmative and negative covenants
and customary events of default that would permit the lenders to accelerate the
loans if not cured within applicable grace periods, including the failure to
make timely payments under the Credit Facility, the failure to satisfy covenants
and specified events of bankruptcy, and insolvency.
The Credit Facility, which will replace two other credit facility agreements
totaling $325 million that will expire in December 2007, provides the Company
with additional financial flexibility to meet on-going operational requirements
and pursue its growth strategies. The Company also has U.S. and international
commercial paper programs and other credit facilities available as more fully
described in its Form 10-Q for the period ended September 30, 2007.
The foregoing description of the Credit Facility does not purport to be complete
and is qualified in its entirety by reference to the full text, which is
attached hereto as Exhibit 10.1. From time to time, the Administrative Agent and
certain of the lenders provide customary commercial and investment banking
services to the Company.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit 10.1. 364-day Credit Agreement
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.
HARSCO CORPORATION
(Registrant)
DATE: November 9, 2007 /S/ Salvatore D. Fazzolari
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Salvatore D. Fazzolari
President and Chief Financial Officer
EXHIBIT INDEX
10.1. 364-Day Credit Agreement