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): August 4, 2009
LEAR CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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1-11311
(Commission File Number)
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13-3386776
(IRS Employer Identification Number) |
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21557 Telegraph Road, Southfield, MI
(Address of principal executive offices)
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48033
(Zip Code) |
(248) 447-1500
(Registrant’s telephone number, including area code)
N/A
(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:
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))
Section 8 — Other Events
Item 8.01 Other Events.
On August 4, 2009, Lear Corporation and certain of its United States and Canadian subsidiaries
(collectively, the “Debtors”) received approval of the
United States Bankruptcy Court for the Southern District
of New York (the “Court”) in the Debtors’ pending cases under chapter 11 of the United States
Bankruptcy Code (the “Chapter 11 Cases”) with respect to the Debtors’ debtor-in-possession
financing (the “DIP facility”) and use by the Debtors of their cash collateral (subject to certain
specified terms and conditions). The DIP facility closed on August 4,
2009, and as of August 5, 2009, the
Debtors have access to $500 million in debtor-in-possession financing comprised of a term loan in
the aggregate principal amount of $500 million and containing such terms and conditions as
previously disclosed.
In addition, on July 31, 2009, the Court also entered final orders with respect to certain other
matters in the Chapter 11 Cases, including, without limitation, orders authorizing the payment of
suppliers, certain critical and foreign vendors, wages, salaries and other benefits to employees
and certain operating expenses, orders authorizing continued service to customers and maintenance
of customer programs, and orders authorizing the continued use of Lear’s existing cash management
system and continuation of intercompany funding of Lear’s non-Debtor foreign affiliates.
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