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 :September 16, 2005
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(Date of earliest event reported)
AMERICAN TECHNICAL CERAMICS CORP.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-9125 11-2113382
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
ONE NORDEN LANE, HUNTINGTON STATION, NY 11746
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(Address of Principal Executive Offices)
(631) 622-4700
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(Registrant's telephone number, including area code)
Not Applicable
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(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))
Item 1.01. Entry into a Material Definitive Agreement.
The disclosure set forth below under Item 2.03 (Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant) is hereby incorporated by reference into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On September 16, 2005, American Technical Ceramics Europe AB ("ATC
Europe"), a wholly-owned subsidiary of American Technical Ceramics Corp. (the
"Company"), obtained a series of five term loans aggregating 12,000,000 Swedish
Krona ("SEK") (approximately $1,700,000) from Svenska Handelsbanken, AB (the
"Bank"). The loans are unsecured and bear interest at fixed rates ranging from
3.56% to 4.59%. The five loans are each for a principal amount of 2,400,000 SEK
and are fully amortizing. The loans mature in one to five years with the first
maturing on September 30, 2006 and one other maturing on each succeeding
September 30th through 2010. In connection with, and as an inducement for, the
Bank's making the loans, the Company entered into a Guaranty and Agreement with
the Bank whereby the Company has agreed to guarantee the payment of all of ATC
Europe's obligations under the loans.
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.
AMERICAN TECHNICAL CERAMICS CORP.
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(Registrant)
/S/ ANDREW R. PERZ
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Date: September 22, 2005 Andrew R. Perz
Vice President - Finance
(Principal Accounting Officer)