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MRLN > SEC Filings for MRLN > Form 8-K on 2-Apr-2009All Recent SEC Filings

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Form 8-K for MARLIN BUSINESS SERVICES CORP


2-Apr-2009

Entry into a Material Definitive Agreement, Financial Statements an


Item 1.01. Entry into a Material Definitive Agreement.

On March 31, 2009, Marlin Leasing Corporation ("MLC"), a subsidiary of the Registrant, entered into an amendment to its Series 2002-A warehouse financing facility that, among other things, (i) extended the termination date of the facility to March 30, 2010, (ii) converted the facility from a revolving facility to an amortizing facility, (iii) revised the fee rate, (iv) required the Registrant to guaranty the performance of MLC as the servicer, and (v) revised certain defined terms and covenant provisions. Attached as Exhibit 10.1 to this report, and incorporated herein by reference, is the Third Amendment to the Amended and Restated Series 2002-A Supplement to the Master Lease Receivables Asset-Backed Finance Facility Agreement, dated as of March 31, 2009, among Marlin Leasing Corporation, Marlin Leasing Receivables Corp. II, Marlin Leasing Receivables II, LLC, JPMorgan Chase Bank, N.A., as the agent and Wells Fargo Bank, N.A., as the trustee.

On March 31, 2009, MLC also entered into an amendment to its revolving bank facility that, among other things, (i) extended the termination date to June 29, 2009, (ii) reduced the facility amount to the current outstanding balance of $4.94 million, (iii) added a base rate floor and revised the applicable margin,
(iv) revised the borrowing base calculation, and (v) revised certain other defined terms. Attached as Exhibit 10.2 to this report, and incorporated herein by reference, is the Sixth Amendment to the Second Amended and Restated Warehouse Revolving Credit Facility Agreement, dated as of March 31, 2009, among Marlin Leasing Corporation, the financial institutions that are party thereto as lenders, and National City Bank, as agent for the lenders.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1 Third Amendment to the Amended and Restated Series 2002-A Supplement to the Master Lease Receivables Asset-Backed Finance Facility Agreement, dated as of March 31, 2009, among Marlin Leasing Corporation, Marlin Leasing Receivables Corp. II, Marlin Leasing Receivables II, LLC, JPMorgan Chase Bank, N.A., as the agent and Wells Fargo Bank, N.A., as the trustee.

10.2 Sixth Amendment to the Second Amended and Restated Warehouse Revolving Credit Facility Agreement, dated as of March 31, 2009, among Marlin Leasing Corporation, the financial institutions that are party thereto as lenders, and National City Bank, as agent for the lenders.


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