SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
______________________
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):
February 1, 2005
Porta Systems Corp.
(Exact name of registrant as specified in its charter)
Commission File Number: 1-8191
|
Delaware
(State or other jurisdiction of incorporation or organization) |
11-2203988
(IRS Employer Identification No.) |
| |
|
|
6851 Jericho Turnpike, Syosset, New York
(Address of principal executive offices) |
11791
(Zip Code) |
516-364-9300
(Registrant’s telephone number, including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On February 1, 2005, we entered into an agreement with SHF IX, which amended our Amended and Restated Loan and Security Agreement, dated as of November 28, 1994, as amended, to extend the maturity of our senior debt to April 1, 2005. The agreement also amends the financial covenants and provides for monthly payments of $75,000 on account of our senior debt. SHF IX is the successor to our former senior lender, Wells Fargo Foothill, Inc.
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.
Porta Systems Corp.
Date: February 4, 2005 By: /s/ Edward B. Kornfeld
Edward B. Kornfeld
President,
Chief Operating Officer and
Chief Financial Officer