Nortel Networks 8-K 2010
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) January 19, 2010
NORTEL NETWORKS CORPORATION
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code 905-863-7000
(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):
Nortel Networks Corporation (NNC) is filing this amendment to its Current Report on Form 8-K originally filed by NNC on August 3, 2009 (Original Form 8-K) solely to amend the Original Form 8-K to correctly include under Item 8.01 the disclosure relating to the further amendment of its agreement with Export Development Canada (EDC) included under Item 1.01 in the Original Form 8-K. No other changes have been made to the Original Form 8-K.
As previously announced in NNCs January 14, 2009 press release and related Form 8-K filing, NNCs principal operating subsidiary Nortel Networks Limited (NNL) entered into an agreement with EDC (Short-Term Support Agreement) to permit continued access by NNL to the support facility with EDC (EDC Support Facility), for an interim period to February 13, 2009, for up to $30 million of support based on its then-estimated requirements over the period. Through a series of amendments, this interim period was extended to July 30, 2009. On June 18, 2009, NNL and EDC entered into a further amendment to the Short-Term Support Agreement and a cash collateral agreement (Cash Collateral Agreement). Pursuant to the Short-Term Support Agreement, as amended, continued access by NNL to the EDC Support Facility is in the sole discretion of EDC. NNL has provided cash collateral of $6.5 million for all outstanding post-petition support in accordance with the terms of the Cash Collateral Agreement, and following the provision of such cash collateral, the charge that was previously granted by the Ontario Superior Court of Justice (Canadian Court) over certain assets in favor of EDC is no longer in force or effect. On July 28, 2009, NNL entered into a further amendment with EDC to permit continued access by NNL to the EDC Support Facility up to October 30, 2009 for up to an aggregate maximum of $30 million of support.
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: January 19, 2010