Multi-Fineline Electronix 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2008
MULTI-FINELINE ELECTRONIX, INC.
(Exact name of registrant as specified in its charter)
3140 East Coronado Street
Anaheim, CA 92806
(Address of principal executive offices) (Zip Code)
(Registrants 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:
Effective as of July 31, 2008, Multi-Fineline Electronix (Suzhou) Co., Ltd. (MFC1), a subsidiary of Multi-Fineline Electronix, Inc. (the Company), entered into a Comprehensive Credit Line Agreement (the MFC1 Credit Line) with Shanghai Pudong Development Bank Suzhou Branch (SPDB), providing for a line of credit to MFC1 in an amount of RMB 75,000,000, and Multi-Fineline Electronix (Suzhou No. 2) Co., Ltd. (MFC2), also a subsidiary of the Company, entered into a Comprehensive Credit Line Agreement (the MFC2 Credit Line) with SPDB, providing for a line of credit to MFC2 in an amount of RMB 75,000,000. Each of the MFC1 and MFC2 Credit Lines will mature on July 31, 2009. SPDB has the right to adjust the MFC1 and MFC2 Credit Lines and the duration of such credit in the event of certain specified events.
MFC1 and MFC2 also entered into Collaboration Agreements (the MFC1 Collaboration Agreement and MFC2 Collaboration Agreement) with SPDB, which set forth certain material terms of the MFC1 Credit Line and the MFC2 Credit Line. Pursuant to such agreements, for so long as MFC1 or MFC2, as applicable, has at least U.S. $3 million on deposit with SPDB, the interest rate under the applicable Credit Line will be LIBOR (4.478% at July 31, 2008), minus 15 basis points. Otherwise, interest shall be determined within the scope ruled by the Peoples Bank of China and if there is no such rule, as determined by SPDB. A copy of each of the MFC1 Credit Line, MFC2 Credit Line, MFC1 Collaboration Agreement and MFC2 Collaboration Agreement are attached hereto.
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, thereunto duly authorized.