Nortel Networks 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
NORTEL NETWORKS CORPORATION
(Exact name of registrant as specified in its charter)
(Former name or former address, if changed since last report.)
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):
Item 1.01. Entry into a Material Definitive Agreement.
On May 9, 2006, Nortel Networks Corporation (the Company) announced that its indirect subsidiary, Nortel Networks Inc. (NNI), entered into an amendment and waiver with the lenders under NNIs US$1.3 billion one-year credit facility (the 2006 Credit Facility) and that the Companys principal direct operating subsidiary, Nortel Networks Limited (NNL), entered into an amendment and waiver with Export Development Canada (EDC) under NNLs US$750 million support facility (the EDC Support Facility).
The material terms of each of the amendment and waiver agreements are described in the press release announcing the amendments and waivers, attached hereto as Exhibit 99.1, the amendment and waiver to the 2006 Credit Facility, attached hereto as Exhibit 10.1 and the amendment and waiver to the EDC Support Facility, attached hereto as Exhibit 10.2, all of which are incorporated by reference herein (other than information included on or linked from the registrants website referenced in such press release, which is not incorporated by reference into this report).
Certain of the banks extending the amendment and waiver under the 2006 Credit Facility and their affiliates have provided in the past, and may provide in the future, certain commercial banking, financial advisory, investment banking and other services for the Company and its affiliates. In addition, these banks and their affiliates may effect transactions and hold for their own account or the account of customers long or short positions in debt or equity securities of the Company or its affiliates.
Item 9.01. Financial Statements and Exhibits.
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: May 11, 2006