U.S. SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: April 27, 2007
(Date of earliest event reported)
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-16214 14-0462060
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State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1373 Broadway, Albany, New York 12204
(518) 445-2200
(Address and telephone number of the registrant's principal executive offices)
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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 240.13a-4(c))
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Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION
On April 27, 2007, Albany International Corp. ("the Registrant"), and certain
subsidiaries, executed the Second Amendment (the "Second Amendment Prudential
Agreement") with The Prudential Insurance Company of America, and other
affiliated purchasers, amending the Note Agreement and Guaranty, dated as of
October 25, 2005 (the "Note Agreement"). The Second Amendment Prudential
Agreement increases the ability of the Registrant to pay dividends and make
other restricted payments under certain circumstances.
A copy of the Second Amendment Prudential Agreement is furnished as an Exhibit
to this report. A copy of the Note Agreement was previously filed as an exhibit
to the Company's Current Report on Form 8-K filed October 26, 2005. A copy of
the First Amendment to the Note Agreement was previously filed as an exhibit to
the Company's Current Report on Form 8-K filed November 17, 2006.
Also on April 27, 2007, the Registrant entered into a Second Amendment (the
"Second Amendment Revolver Agreement") with JPMorgan Chase Bank, N.A., As
Administrative Agent and JPMorgan Europe Limited, as London Agent, amending the
Five-year Revolving Credit Agreement dated as of April 16, 2006 (the "Revolver
Agreement") with JPMorgan Chase Bank, N.A., As Administrative Agent, J.P. Morgan
Europe Limited, as London Agent, Bank of America, N.A., Bank of Tokyo Mitsubishi
UFJ Trust Company, Wachovia Bank, N.A., Sumitomo Mitsui Banking Corporation,
Citizens Bank of Massachusetts, ABN AMRO Bank N.V., HSBC Bank USA, N.A., Nordea
Bank Finland PLC, Manufacturers and Traders Trust Company, TD Northbank, N.A.
and First Niagara Bank. The Second Amendment Revolver Agreement also provides
the Registrant with greater flexibility under certain restrictive covenants,
including, without limitation, those relating to acquisitions, dividends and
other restricted payments, and certain prepayment events.
A copy of the Second Amendment Revolver Agreement is furnished as an Exhibit to
this report. A copy of the Revolver Agreement was previously filed as an exhibit
to the Company's Current Report on Form 8-K filed April 20, 2006. A copy of the
First Amendment to the Revolver Agreement was previously filed as an exhibit to
the Company's Current Report on Form 8-K filed August 30, 2006.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being furnished herewith:
10(k)(v) Second Amendment, dated as of April 27, 2007, to Note
Agreement and Guaranty.
10(k)(vi) Second Amendment, dated as of April 27, 2007, to five-Year
Revolving Credit Agreement.
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Signature
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.
ALBANY INTERNATIONAL CORP.
By: /s/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Executive Vice President and
Chief Financial Officer
Date: May 3, 2007
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Index to Exhibits
Exhibit No. Description
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10(k)(v) Second Amendment, dated as of April 27, 2007,
to Note Agreement and Guaranty
10(k)(vi) Second Amendment, dated as of April 27, 2007,
to five-Year Revolving Credit Agreement
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Exhibit 10(k)(v)
SECOND AMENDMENT, dated as of April 27, 2007 (this "Amendment"), to the
Note Agreement and Guaranty, dated as of October 25, 2005 (as the same may be
further amended, supplemented, waived or otherwise modified from time to time,
the "Note Agreement"), among ALBANY INTERNATIONAL CORP., a Delaware corporation
(the "Company"), the Guarantors (as defined in the Note Agreement), and The
Prudential Insurance Company of America ("Prudential") and the several
Purchasers (as defined in the Note Agreement) (together with Prudential,
individually, a "Purchaser," " and collectively, "Purchasers").
W I T N E S S E T H:
WHEREAS, the Company and Guarantors party thereto and the Purchasers party
thereto have executed and delivered the Note Agreement; and
WHEREAS, the Company has requested the amendment of certain provisions of
the Note Agreement, and the Purchasers have indicated willingness to agree to
such amendments subject to certain limitations and conditions, as provided for
herein;
NOW THEREFORE, in consideration of the premises, the mutual covenants and
the agreements hereinafter set forth and other good and valuable consideration,
the parties hereto hereby agree that on the Amendment Effective Date, as defined
herein, the Note Agreement will be amended as follows:
1. Definitions. Unless otherwise defined herein, terms defined in the Note
Agreement are used herein as therein defined.
2. Amendment to Section 6E of the Note Agreement (Restricted Payments).
Section 6E of the Note Agreement is hereby amended, as of the Amendment
Effective Date, by deleting after the words "does not exceed" the number "2.50"
and inserting in lieu thereof the number "3.00".
3. Representations and Warranties. The Company and each other Guarantor
hereby:
(a) other than such representations expressly given as of a specific date,
repeats (and confirms as true and correct) as of the Amendment Effective Date to
the Purchasers that each of the representations and warranties made by the
Company and each other Guarantor pursuant to the Note Agreement and are hereby
incorporated herein (as though set forth herein) in their entirety; and
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(b) further represent and warrant as of the Amendment Effective Date that:
(i) No Default. No Default or Event of Default shall have occurred
and be continuing on such date after giving effect to this Amendment;
(ii) Power and Authority. Each such Person has the corporate or
equivalent power to execute and deliver this Amendment, and to perform the
provisions hereof, and this Amendment has been duly authorized by all necessary
corporate or equivalent action on the part of each such Person;
(iii) Due Execution. This Amendment has been duly executed and
delivered by such Person and constitutes such Person's legal, valid and binding
obligation, enforceable in accordance with its terms, except as such
enforceability may be limited (x) by general principles of equity and conflicts
of laws or (y) by bankruptcy, reorganization, insolvency, moratorium or other
laws of general application relating to or affecting the enforcement, of
creditors' rights;
(iv) No Consent's Required. No consent, approval, authorization or
order of, or filing, registration or qualification with, any court or
Governmental Authority or third party is required in connection with the
execution, delivery or performance by such Person of this Amendment;
(v) Acknowledgement of Obligation; Waiver of Claims. It has no
defenses, offsets or counterclaims against any of its obligations under or in
respect to the Note Agreement, the Notes or the AI Guaranty Agreement and that
all amounts outstanding under and in respect to the Notes and the Note Agreement
are owing to holders of the Notes without defense, offset or counterclaim; and
(vi) Revolving Credit Agreement. Other than (A) that certain
restatement dated as of April 14, 2006, (B) the First Amendment dated as of
August 28, 2006, and (C) the Second Amendment dated as of April 27, 2007, there
have been no amendments to the Revolving Credit Agreement.
4. Acknowledgements and Consent of Guarantors. Each Guarantor hereby
acknowledges that it has reviewed the terms and provisions of the Note
Agreement, the Notes, the AI Guaranty Agreement and this Amendment and consents
to the amendment to Note Agreement effected pursuant to this Amendment. Each
Guarantor confirms that they will continue to guarantee the obligations to the
fullest extent in accordance with the AI Guaranty Agreement and acknowledges and
agrees that: (a) the AI Guaranty Agreement shall continue in full force and
effect and that its obligations thereunder shall be valid and enforceable and
shall not be impaired or limited by the execution or effectiveness of this
Amendment; and (b)(i) notwithstanding, the conditions to effectiveness hereof,
such Guarantor is not required by the terms of the Note Agreement, the Notes or
the AI Guaranty Agreement to consent to the amendments to the Note Agreement
effected pursuant to this Amendment; and (ii) nothing in Note
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Agreement, the Notes or AI Guaranty Agreement shall be deemed to require the
consent of any such Guarantor to any future amendments to the Note Agreement.
5. Conditions Precedent. This Amendment shall become effective as of April
27, 2007 provided the conditions precedent set forth below shall have been
fulfilled (the "Amendment Effective Date") and shall constitute a Transaction
Document:
the Purchasers shall have received counterparts of this Amendment,
executed and delivered by a duly authorized officer of each of the parties
hereto;
the Purchasers shall have received such additional documents or
certificates with respect to legal matters or corporate or other proceeding
related to the transactions contemplated hereby as may be reasonable requested
by the Purchasers on or prior to April 26, 2007;
the representations and warranties contained in Section 10 above
shall be true and correct in all material respects on and as of the Amendment
Effective Date, as if made on and as of the Amendment Effective Date and there
shall exist on the Amendment Effective Date no Event of Default or Default; and
(d) the Company and each other Guarantor shall have made all requests, filings
and registrations with, and obtained all consents and approvals from, the
relevant national, state, local or foreign jurisdiction(s), or any
administrative, legal or regulatory body or agency thereof, that are necessary
for the Company and each other Guarantor in connection with this Amendment and
any and all other documents relating hereto.
6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.
7. No Other Amendments; Confirmation. Except as expressly amended,
modified and supplemented hereby, the terms, provisions and conditions of the
Note Agreement, the Notes, the AI Guaranty Agreement and the agreements and
instruments relating thereto are and shall remain unchanged and in full force
and effect and are hereby ratified and confirmed in all respects.
8. Headings. The headings of sections of this Amendment are inserted for
convenience only and shall not be deemed to constitute a part of this Amendment.
9. Counterparts. This Amendment may be executed in any number of
counterparts by the parties hereto, each of which counterparts when so executed
shall be an original, but all counterparts taken together shall constitute one
and the same instrument.
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[Remainder of page intentionally left blank. Signature pages follow.]
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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly
executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.
ALBANY INTERNATIONAL CORP.
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: Corporate Treasurer
ALBANY INTERNATIONAL HOLDINGS TWO, INC., as a
Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: VP, Assistant Secretary
ALBANY INTERNATIONAL TECHNIWEAVE, INC., as a
Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: Treasurer, Assistant Secretary
ALBANY INTERNATIONAL RESEARCH CO., as a Guarantor
By: /s/ Charles J. Silva, Jr.
Name: Charles J. Silva, Jr.
Title: VP, Assistant Treasurer
GESCHMAY CORP., as a Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: VP, Assistant Secretary
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BRANDON DRYING FABRICS, INC., as a Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: VP, Assistant Secretary
GESCHMAY WET FELTS, INC., as a Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: VP, Assistant Secretary
GESCHMAY FORMING FABRICS CORP., as a Guarantor
By: /s/ Christopher J. Connally
Name: Christopher J. Connally
Title: VP, Assistant Secretary
The foregoing Amendment is hereby
accepted as of the date first above written.
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
By: /s/ Paul L. Meiring
Name: Paul L. Meiring
Title: Vice President
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THE PRUDENTIAL LIFE INSURANCE COMPANY, LTD.
By: Prudential Investment Management (Japan), Inc., as
Investment Manager
By: Prudential Investment Management, Inc., as
Sub-Adviser
By: /s/ Paul L. Meiring
Name: Paul L. Meiring
Title: Vice President
GIBRALTAR LIFE INSURANCE CO. LTD.,
By: Prudential Investment Management (Japan), Inc., as
Investment Manager
By: Prudential Investment Management, Inc., as
Sub-Adviser
By: /s/ Paul L. Meiring
Name: Paul L. Meiring
Title: Vice President
SECURITY BENEFIT LIFE INSURANCE COMPANY, INC.
By: Prudential Private Placement Investors, L.P. (as
Investment Advisor)
By: Prudential Private Placement Investors, L.P.
(as General Partner)
By: /s/ Paul Meiring
Name: Paul L. Meiring
Title: Vice President
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Exhibit 10(k)(vi)
SECOND AMENDMENT dated as of April 27, 2007 (this "Amendment")
to the FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT dated as of
April 14, 2006 (as further amended, supplemented or otherwise
modified from time to time, the "Credit Agreement"), among ALBANY
INTERNATIONAL CORP., a Delaware corporation (the "Company"), the
BORROWING SUBSIDIARIES from time to time party thereto, the LENDERS
from time to time party thereto, JPMORGAN CHASE BANK, N.A., as
Administrative Agent for the Lenders (in such capacity, the
"Administrative Agent"), and J.P. MORGAN EUROPE LIMITED, as London
Agent for the Lenders.
The Company has requested that the Lenders agree to amend the Credit
Agreement in the manner provided herein, and the Lenders whose signatures appear
below, constituting the Required Lenders (such term and each other capitalized
term used and not otherwise defined herein having the meaning assigned to it in
the Credit Agreement), are willing to so amend the Credit Agreement.
Accordingly, in consideration of the agreements herein contained and other
good and valuable consideration, the sufficiency and receipt of which are
hereBy: acknowledged, the parties hereto agree as follows:
SECTION 1. Amendments to the Credit Agreement. Effective as of the Second
Amendment Effective Date (as defined below), the Credit Agreement is hereBy:
amended as follows:
(a) Asset Sales Mandatory Prepayments. Section 1.01 of the Credit
Agreement is hereBy: amended By: replacing the reference in the definition of
"Excluded Divestiture" to "2.75 to 1.00" with a reference to "3.25 to 1.00".
(b) Restricted Payments. Section 6.05 of the Credit Agreement is hereBy:
amended By: replacing the reference therein to "2.50 to 1.00" with a reference
to "3.50 to 1.00".
(c) Permitted Acquisitions. Section 6.07 of the Credit Agreement is
hereBy: amended By: deleting clause (d) thereof in its entirety and replaced it
with the following:
"(d) acquisitions of assets of or Equity Interests in other Persons,
and loans or advances to Subsidiaries to provide funds required to effect
such acquisitions, if, at the time of and after giving pro forma effect to
each such acquisition and any related incurrences of Indebtedness, (i) the
Leverage Ratio does not exceed 3.50 to 1.00 and (ii) no Default shall have
occurred and be continuing".
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(d) Total Debt. Section 1.01 of the Credit Agreement is hereBy: amended
By: deleting the definition of "Total Debt" in its entirety and replacing it
with the following definition:
""Total Debt" means, at any time, the sum of (a) all Indebtedness
that is or should be reflected as a liability on a consolidated balance
sheet of the Company and the Subsidiaries in accordance with GAAP and (b)
the consideration (other than any note of a Subsidiary that serves as a
conduit in a sale or financing transaction with respect to Receivables)
received By: the Company or any Consolidated Subsidiary from any Person
(other than the Company or a Consolidated Subsidiary) for Receivables
sold, which Receivables remain uncollected at such time; less (x) the sum
of all cash and cash equivalents (as determined in accordance with GAAP),
(y) the cash surrender value of life insurance policies naming the Company
as beneficiary (as determined in accordance with GAAP) and (z) the fair
market value of any Marketable Securities of the Company and the
Consolidated Subsidiaries; provided, however, that, with respect to any
Non-Wholly Owned Subsidiary, the Indebtedness (other than any Indebtedness
that is Guaranteed By: the Company or a Wholly-Owned Subsidiary) and
assets thereof referred to in the foregoing clauses shall be disregarded
in the calculation of "Total Debt" to the extent of any economic interest
in such Non-Wholly Owned Subsidiary that is owned By: any Person other
than the Company or a Wholly-Owned Subsidiary. For the purposes of this
definition, "Marketable Securities" means any debt or equity securities
for which an active trading market exists and price quotations are
available."
(e) Section 1.01 of the Credit Agreement is hereBy: amended to add the
following definitions in appropriate alphabetical order:
""Non-Wholly Owned Subsidiary" means a Subsidiary that is not a
Wholly Owned Subsidiary."
""Wholly Owned Subsidiary" means a Subsidiary all the Capital Stock
in which, other than directors' qualifying shares and/or other nominal
amounts of Capital Stock that are required to be held By: Persons under
applicable law, are owned, directly or indirectly, By: the Company or a
Subsidiary."
SECTION 2. Fees. The Company agrees to pay to each Lender that executes
and delivers a copy of this Amendment to the Administrative Agent (or its
counsel) at or prior to 4:00 p.m., New York City time, on Friday, April 27,
2007, an amendment fee of $10,000 (the "Amendment Fee"). The Amendment Fee shall
be earned By: each such Lender upon delivery of an executed copy of this
Amendment to the Administrative Agent (or its counsel) and shall be payable By:
the Company within fourteen days of the Second Amendment Effective Date. The
Amendment Fee shall not be refundable.
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SECTION 3. Representations and Warranties. To induce the other parties
hereto to enter into this Amendment, the Company represents and warrants to each
of the Lenders and the Administrative Agent that, as of the Second Amendment
Effective Date:
(a) The execution, delivery and performance By: the Company of this
Amendment have been duly authorized By: all necessary corporate action; this
Amendment has been duly executed and delivered By: the Company; and each of this
Amendment and the Credit Agreement, as amended By: this Amendment, constitutes a
legal, valid and binding obligation of the Company, enforceable against it in
accordance with its terms.
(b) The representations and warranties set forth in Article III of the
Credit Agreement, and in each of the other Loan Documents, are true and correct
on and as of the Second Amendment Effective Date, before and after giving effect
to this Amendment.
(c) No default shall have occurred and be continuing, before and after
giving effect to this Amendment.
SECTION 4. Conditions Precedent; Effectiveness. (a) The effectiveness of
this Amendment is subject to the satisfaction of the following conditions
precedent:
(i) the Administrative Agent shall have received counterparts of
this Amendment that, when taken together, bear the signatures of the
Company and the Required Lenders;
(ii) the Administrative Agent shall have received a certificate,
dated the Second Amendment Effective Date and signed By: a responsible
officer of the Company, confirming the accuracy of the representations and
warranties set forth in Section 3 hereof; and
(iii) the Administrative Agent shall have received all amounts due
and payable to it on or prior to the Second Amendment Effective Date,
including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid By: the Company
under the Credit Agreement or this Amendment.
(b) This Amendment shall become effective as of the first date (the
"Second Amendment Effective Date") on which the conditions precedent set forth
in paragraph (a) of this Section shall have been satisfied. The Administrative
Agent shall notify the Company and the Lenders of the Second Amendment Effective
Date, and such notice shall be conclusive and binding.
SECTION 5. Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not By: implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect the rights and remedies of the Lenders or the
Administrative Agent under the Credit Agreement or any other Loan Document, and
shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or
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agreements contained in the Credit Agreement or any other Loan Document, all of
which are ratified and affirmed in all respects and shall continue in full force
and effect. Nothing herein shall be deemed to entitle any Loan Party to a
consent to, or a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document in similar or different circumstances. This
Amendment shall apply and be effective only with respect to the provisions of
the Credit Agreement specifically referred to herein. This Amendment shall
constitute a Loan Document. The representations, warranties and agreements
contained herein shall, for all purposes of the Credit Agreement, be deemed to
be set forth in the Credit Agreement. On and after the Second Amendment
Effective Date, any reference to the Credit Agreement contained in the Loan
Documents shall mean the Credit Agreement as modified hereby:
SECTION 6. Counterparts. This Amendment may be executed in any number of
counterparts and By: different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same contract. Delivery
of an executed counterpart of a signature page of this Amendment By: facsimile
or other electronic imaging means shall be as effective as delivery of a
manually executed counterpart hereof.
SECTION 7. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY: AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
SECTION 8. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed By: their respective authorized officers as of the day and year
first above written.
ALBANY INTERNATIONAL CORP.,
By: /s/ Christopher J. Connally
------------------------------------
Name: Christopher J. Connally
Title: Corporate Treasurer
JPMORGAN CHASE BANK, N.A.,
as a Lender,
By: /s/ James Murphy
-------------------------------------
Name: James Murphy
Title: Senior Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: ABN AMRO BANK NV
By: /s/ David Carroll
---------------------------------
Name: David Carroll
Title: Director
For any Lender requiring a second signature line:
By: /s/ Henry L. Petrillo
----------------------------------
Name: Henry L. Petrillo
Title: Senior Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: BANK OF AMERICA, N.A.
By: /s/ Christopher S. Allen
----------------------------------
Name: Christopher S. Allen
Title: Senior Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY
By: /s/ Karen Ossolinksi
----------------------------------
Name: Karen Ossolinski
Title: Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: CITIZENS BANK OF MASSACHUSETTS
By: /s/ Daniel Bernard
----------------------------------
Name: Daniel Bernard
Title: Senior Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: FIRST NIAGARA BANK
By: /s/ Paul D. Ryan
----------------------------------
Name: Paul D. Ryan
Title: Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: HSBC BANK U.S.A., NATIONAL ASSOCIATION
By: /s/ Charles R. Kreuter
----------------------------------
Name: Charles R. Kreuter
Title: First Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: MANUFACTURERS AND TRADERS TRUST COMPANY
By: /s/ Craig A. Keefer
----------------------------------
Name: Craig A. Keefer
Title: Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: NORDEA BANK FINLAND, PLC
By: /s/ Kalle Virtanen
----------------------------------
Name: Kalle Virtanen
Title: Relationship Manager
For any Lender requiring a second signature line:
By: /s/ Gerald E. Chelius, Jr.
----------------------------------
Name: Gerald E. Chelius, Jr.
Title: Senior Vice President Credit
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: SUMITOMO MITSUI BANKING CORPORATION
By: /s/ Yoshihiro Hyakutome
----------------------------------
Name: Yoshihiro Hyakutome
Title: General Manager
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: TD BANKNORTH, N.A.
By: /s/ Robert C. Hergrueten
----------------------------------
Name: Robert C. Hergrueten
Title: Senior Vice President
Lender signature page to the
Second Amendment to the
Albany International Corp. Credit Agreement
To approve this Amendment:
Institution: WACHOVIA BANK, N.A.
By: /s/ Anne Herber
----------------------------------
Name: Anne Herber
Title: Vice President