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Form 8-K for NEENAH FOUNDRY CO


2-Jul-2009

Entry into a Material Definitive Agreement


Item 1.01. Entry into a Material Definitive Agreement.

On July 1, 2009, Neenah Foundry Company (the "Company") entered into an agreement (the "Deferral Agreement") with Tontine Capital Partners, L.P. ("Tontine"), the sole holder of its 12 1/2% Senior Subordinated Notes Due 2013 (the "12 1/2% Notes"), to allow the Company to defer the entire semi-annual interest payment due on July 1, 2009 in respect of the 12 1/2% Notes until on or before the maturity date of the 12 1/2% Notes. The amount of the interest payment due on July 1, 2009 that the Company has deferred pursuant to the Deferral Agreement is approximately $4.7 million, which does not include the amount previously deferred in connection with the interest payment due January 1, 2009. The Deferral Agreement does not affect any interest payment other than the interest payment due on July 1, 2009, and the Company must pay interest on the entire amount of deferred interest at the rate of 12 1/2% per annum.
A copy of the Deferral Agreement is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item. 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. Item 7.01. Regulation FD Disclosure

A copy of the press release announcing entry into the Deferral Agreement is attached hereto as Exhibit 99.1 and is furnished in its entirety pursuant to this Item 7.01.
The information contained in, or incorporated by reference into this Item 7.01, including the press release attached hereto as Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.        Description
10.1       Letter Agreement, dated July 1, 2009, between Tontine Capital Partners,
           L.P. and Neenah Foundry Company

99.1       Press Release, dated July 2, 2009


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