- Current report filing (8-K)
06 Juli 2009 - 11:10PM
Edgar (US Regulatory)
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): July 1,
2009
______________________
SES
Solar Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
|
000-
49891
|
33-0860242
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
129
Route de Saint-Julien, Plan-les-Ouates
Geneva,
Switzerland
|
1228
|
(Address
of principal executive offices)
|
(Zip
Code)
|
______________________
Registrant’s
telephone number, including area code:
41.22.884.1484
______________________
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
October 27, 2008, SES Solar Inc. (the “Company”), through its wholly owned
subsidiary, SES Société d’Energie Solaire SA, signed a six month CHF5,000,000
(five million) credit facility with the Geneva State Department of Territory –
Service of Energy (hereinafter, “ScanE”) to finance improvements at the
Company’s manufacturing facility located in Geneva, Switzerland. The credit
facility is secured by a 4
th
ranked
mortgage on the building and carried an interest rate of 4%. As
previously disclosed in the Company’s quarterly report on Form 10-Q for the
three months ended March 31, 2009, filed on May 15, 2009, the credit
facility matured on April 27, 2009, although the Company submitted a formal
request to ScanE on May 7, 2009 to extend the credit facility’s maturity
date.
By
decision dated July 1, 2009, ScanE agreed to extend the maturity date of the
credit facility for an additional six months, commencing May 7,
2009. The Company also successfully negotiated a reduction in the
interest rate from 4% to 3% per annum, also commencing May 7, 2009.
A copy of
the amended credit facility, dated July 1, 2009, is filed as Exhibit 99.1 hereto
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.
|
As noted
above, on July 1, 2009, ScanE granted the Company’s request that the term of its
six month credit facility, dated October 27, 2008, be extended. The
amended agreement’s new maturity date is November 7,
2009. Other than with respect to this new maturity date and the
reduction in the interest rate from 4% to 3%, commencing May 7, 2009, the
information required by this Item 2.03 has been previously
reported.
Item
9.01.
|
Financial Statements and
Exhibits.
|
(c)
|
Exhibits
|
|
|
Exhibit
99.1
|
Amended Credit Facility, dated
July 1, 2009, between SES Solar Inc. and
the
Geneva State
Department of Territory – Service
of Energy
|
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.
|
|
|
Dated:
July 6, 2009
|
SES
SOLAR INC.
|
|
|
|
|
By:
|
/s/
Sandrine
Crisafulli
|
|
Sandrine
Crisafulli
|
|
Chief
Financial Officer and Chief Operating
Officer
|
EXHIBIT INDEX
|
|
Description
|
99.1
|
|
Amended
Credit Facility, dated July 1, 2009, between SES Solar Inc. and the Geneva
State Department of Territory – Service of
Energy
|
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