fin8k06262007.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) June 26, 2007 (June
22, 2007)
WesBanco,
Inc.
(Exact
name of registrant as specified in its charter)
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West
Virginia
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0-8467
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55-0571723
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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1
Bank Plaza, Wheeling, WV
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26003
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area
code (304)
234-9000
Former
name or former address, if changed since last report Not
Applicable
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))
Item
1.01 Entry into a Material Definitive Agreement.
On
June
22, 2007, WesBanco, Inc. entered into an Amendment to Amended and Restated
Credit Agreement and Line of Credit Note (collectively, the “Credit Facility”)
with JPMorgan Chase Bank, N.A. which amends the Amended and Restated Credit
Agreement dated July 12, 2006 and replaces the Line of Credit Note dated July
12, 2006 and the Note Modification Agreement dated July 14, 2006. The
Credit Facility provides for aggregate borrowings of up to $48 million, an
increase of $13 million, and extends the scheduled maturity date to May 31,
2009
from July 12, 2008. The Credit Facility continues to accrue interest
at an Adjusted LIBOR rate and requires the payment of consecutive quarterly
installments of interest only commencing on July 31, 2007. The
balance outstanding under the Credit Facility at June 22, 2007 was $26 million
from advances made prior to the amendment. Except for an increase in the
aggregate borrowing limit and an extension of the maturity date, there were
no
material changes in the terms of the Credit Facility. The Credit
Facility continues to contain various conditions precedent to borrowing and
affirmative and negative covenants which have not been amended.
The
foregoing description of the terms and conditions of the Credit Facility is
not
complete and is qualified in all respects by the actual provisions of the Credit
Facility, copies of which have been filed as exhibits to this Current Report
on
Form 8-K and are incorporated herein by reference.
The
information set forth above under Item 1.01 is hereby incorporated by reference
into this Item 2.03.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits:
10.1
– Amendment to Amended and Restated Credit Agreement between JPMorgan Chase
Bank,
N.A.
and
WesBanco, Inc.
10.2
– Line
of Credit
Note between JPMorgan Chase Bank, N.A. and WesBanco, Inc.
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.
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WesBanco,
Inc.
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(Registrant)
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Date: June
26, 2007
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/s/
Robert H. Young |
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Robert
H. Young
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Executive
Vice President and
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Chief
Financial Officer
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