U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 17, 2006
(Date of earliest event reported)
ALBANY INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-16214 14-0462060
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
1373 Broadway, Albany, New York 12204
(518) 445-2200
(Address and telephone number of the registrant's principal executive offices)
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION
On November 17, 2006, Albany International Corp. ("the Registrant"), and certain
subsidiaries, executed the First Amendment (the "First Amendment Agreement")
with The Prudential Insurance Company of America, and other affiliated
purchasers, amending the Note Agreement and Guaranty, dated as of October 25,
2005 (the "Note Agreement"). The First Amendment Agreement amends certain
restrictive covenants and defined terms in order to more closely align them to
comparable provisions in the Registrant's Five-Year Revolving Credit Agreement,
entered into earlier this year, with JPMorgan Chase Bank, N.A., and other
lenders.
A copy of this amendment is furnished as an Exhibit to this report. A copy of
the Note Agreement was previously filed as an exhibit to the Company's Current
Report on Form 8-K filed October 26, 2005.
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.
ALBANY INTERNATIONAL CORP.
By: /s/ Christopher J. Connally
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Name: Christopher J. Connally
Title: Corporate Treasurer
Date: November 17, 2006
Index to Exhibits
Exhibit No. Description
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10(k)(iv) First Amendment, dated as of November 13, 2006, to Note
Agreement and Guaranty