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AMETEK, Inc. (Form: 8-K)  

 

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

     
Date of Report (Date of Earliest Event Reported):   July 2, 2007

AMETEK, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-12981 14-1682544
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
37 North Valley Road, Paoli, Pennsylvania   19301
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   610-647-2121

Not Applicable
______________________________________________
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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On July 2, 2007, AMETEK, Inc. issued a press release to announce it has amended its Revolving Credit Facility. The amendment includes an increase in the size of the Facility from $300 million to $450 million, and an extension of the term. A copy of such press release is furnished as Exhibit 99.1 to this Current Report.





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SIGNATURES

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.

         
    AMETEK, Inc.
          
July 2, 2007   By:   /s/ Robert R. Mandos, Jr.
       
        Name: Robert R. Mandos, Jr.
        Title: Senior Vice President & Comptroller

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Copy of press release issued by AMETEK, Inc. on July 2, 2007.
EX-99.1

EXHIBIT 99.1

CORPORATE OFFICE
37 North Valley Road, Building 4, P.O. Box 1764, PAOLI, PA 19301-0801

Contact: William J. Burke (610) 889-5249

AMETEK AMENDS TERMS OF REVOLVING CREDIT FACILITY
—Facility Increased to $450 Million and Term Extended—

Paoli, Pa., July 2, 2007—AMETEK, Inc. (NYSE: AME) announced that it has amended the terms of its Revolving Credit Facility, providing a larger financing capacity and greater flexibility. The size of the facility was increased from $300 million to $450 million and the term was extended until June 29, 2012. Prior to the extension, the facility was due to expire in October 2011. As well, certain terms of the agreement were amended to provide greater flexibility for the Company.

John J. Molinelli, Executive Vice President and Chief Financial Officer, said, “The Revolving Credit Facility is a key part of our financing structure. The additional $150 million in capacity, as well as other changes to the Facility, provides AMETEK with the flexibility to support our growth plans, including our successful acquisition strategy.”

JPMorgan was lead arranger and bookrunner and serves as Administrative Agent for the twelve-bank syndicate. Bank of America, N.A., PNC Bank National Association, SunTrust Bank, and Wachovia Bank, N.A. serve as Syndication Agents and Citizens Bank of Pennsylvania is the Documentation Agent.

Corporate Profile
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2006 sales of $1.8 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion, and New Products. Its objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.

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