Unassociated Document

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): December 15, 2006 (December 14, 2006)

Chemtura Corporation
(Exact name of registrant as specified in its charter)


Delaware
(State or other jurisdiction
of incorporation)
  
1-15339
(Commission file number)
  
52-2183153
(IRS employer
identification number)
 
199 Benson Road, Middlebury, Connecticut
(Address of principal executive offices)
      
06749
(Zip Code)

 
(203) 573-2000
(Registrant's telephone number, including area code)

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):

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 240.13e-4(c))
 

 
 
 
 

Item 1.01 Entry into a Material Definitive Agreement

Effective December 14, 2006, Chemtura Corporation entered into an amendment No. 5 dated as of December 14, 2006 to the Credit Agreement dated as of July 1, 2005 (“Credit Agreement”), as amended, with its lenders that amended Section 5.03(b) (Interest Coverage Ratio) by changing the required ratio of Consolidated EBITDA of the Company and its subsidiaries to Interest Expense of the Company and its subsidiaries on December 31, 2006 from 4.25:1.00 to 4.00:1.00; and on March 31, 2007 and June 30, 2007 from 4.50:1.00 to 4.25:1.00.

A copy of Amendment No. 5 to the Credit Agreement is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

*  *  *

(d) Exhibits.

Exhibit Number
  
Exhibit Description
10.1
  
Form of Amendment No. 5 to the Credit Agreement by and among Chemtura Corporation, various lenders and Citibank, N.A., as Agent, dated as of December 14, 2006

 
 
 
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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.
     
 
Chemtura Corporation
       (Registrant)
 
 		  
 		  
 
  By:   /s/ Barry J. Shainman
 
Name: Barry J. Shainman
 
Title: Vice President and Secretary
 
Date:
December 15, 2006
 
 
 
 
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Exhibit Index
 
Exhibit Number
  
Exhibit Description
10.1
  
Form of Amendment No. 5 to the Credit Agreement by and among Chemtura Corporation, various lenders and Citibank, N.A., as Agent, dated as of December 14, 2006
 
 
 

 
 
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