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
November 16, 2005
(Date of report)
November 14, 2005
(Date of earliest event reported)
Sotheby's Holdings, Inc.
(Exact
name of registrant as specified in its charter)
Michigan |
1-9750 |
38-2478409
|
|
(State
or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S.
Employer Identification No.) |
|
38500
Woodward Avenue, Suite 100 Bloomfield Hills, Michigan |
48303 |
||
(Address of principal executive offices) | (Zip
Code) |
||
(248) 646-2400
(Registrant's telephone number, including area code)
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)) |
Item 1.01. Entry into a Material Definitive Agreement
On November 14, 2005, as permitted by its long-term senior secured revolving credit agreement with an international syndicate of lenders
arranged by Banc of America Securities LLC (BofA) and LaSalle Bank N.A. (the BofA Credit Agreement), the Company closed on $50 million in additional commitments from new lenders, thereby increasing the total borrowing capacity under the BofA Credit Agreement from $200 million to $250 million.
(For additional information with respect to the BofA Credit Agreement, see Note 8 of Notes to Consolidated Financial Statements in the Company's Form 10-Q for the quarterly period ended September 30, 2005.)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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|
SOTHEBY'S HOLDINGS, INC. | ||
|
By: |
/s/ Michael L. Gillis |
Michael
L. Gillis |
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Date: | November 16, 2005 | |