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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):<B>
June 22, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Hudson Technologies, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 32%; text-autospace: none; font-weight: bold; text-align: center">New York</TD>
    <TD STYLE="width: 40%; text-autospace: none; font-weight: bold; text-align: center">1-13412</TD>
    <TD STYLE="width: 28%; text-autospace: none; font-weight: bold; text-align: center">13-3641539</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">(State or Other Jurisdiction</TD>
    <TD STYLE="text-autospace: none; text-align: center">(Commission</TD>
    <TD STYLE="text-autospace: none; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">of Incorporation)</TD>
    <TD STYLE="text-autospace: none; text-align: center">File Number)</TD>
    <TD STYLE="text-autospace: none; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; text-autospace: none; font-weight: bold; text-align: center">PO Box 1541, One Blue Hill Plaza</TD>
    <TD STYLE="width: 45%; text-autospace: none; font-weight: bold; text-align: center">10965</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-weight: bold; text-align: center">Pearl River, New York</TD>
    <TD STYLE="text-autospace: none; text-align: center">(Zip Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code:<B> (845) 735-6000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 7%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 7%; text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="width: 86%; text-autospace: none">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; font-family: Wingdings">&uml;</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Entry into Revolving Credit, Term
Loan and Security Agreement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 22, 2012, Hudson
Technologies Company (&ldquo;HTC&rdquo;), a subsidiary of Hudson Technologies, Inc. (the &ldquo;Company&rdquo; or the &ldquo;Registrant&rdquo;),
as borrower, became obligated under a Revolving Credit, Term Loan and Security Agreement (the &ldquo;PNC Facility&rdquo;) with
PNC Bank, National Association, as agent (&ldquo;Agent&rdquo; or &ldquo;PNC&rdquo;), and such other lenders as may thereafter become
a party to the PNC Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the terms of
the PNC Facility, HTC may borrow up to $27,000,000 consisting of a term loan in the principal amount of $4,000,000 and revolving
loans in a maximum amount up to the lesser of $23,000,000 and a borrowing base that is calculated based on the outstanding amount
of HTC&rsquo;s eligible receivables and eligible inventory, as described in the PNC Facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Amounts borrowed under
the PNC Facility may be used by HTC for working capital needs and to reimburse drawings under letters of credit. On the closing
date of the PNC Facility, HTC borrowed an amount equal to $9,548,193.32 which was used by HTC to repay existing indebtedness owed
to Keltic Financial Partners, LP under the Keltic Credit Facility (as defined below in Item&nbsp;1.02 of this Current Report on
Form 8-K) and to pay fees and expenses relating to the PNC Facility. At June 25, 2012, total borrowing under the PNC Facility were
$9,548,193.32.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest on loans under
the PNC Facility is payable in arrears on the first day of each month with respect to loans bearing interest at the domestic rate
(as set forth in the PNC Facility) and at the end of each interest period with respect to loans bearing interest at the Eurodollar
rate (as set forth in the PNC Facility) or, for Eurodollar rate loans with an interest period in excess of three months, at the
earlier of (a) each three months from the commencement of such Eurodollar rate loan or (b) the end of the interest period. <FONT STYLE="color: black">Interest
charges with respect to loans are computed on the actual principal amount of loans outstanding during the month at a rate per annum
equal to (A) with respect to domestic rate loans, the sum of (i) a rate per annum equal to the higher of (1) the base commercial
lending rate of PNC, (2) the federal funds open rate plus .5% and (3) the daily LIBOR plus 1%, plus (ii) .5% and (B) with respect
to Eurodollar rate loans, the sum of the Eurodollar rate plus 2.25%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">HTC granted to the
Agent, for the benefit of the lenders, a security interest in HTC&rsquo;s receivables, general intangibles, inventory and certain
other assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The PNC Facility contains
certain financial and non-financial covenants relating to HTC, including limitations on HTC&rsquo;s ability to pay dividends on
common stock or preferred stock, and also includes certain events of default, including payment defaults, breaches of representations
and warranties, covenant defaults, cross-defaults to other obligations, events of bankruptcy and insolvency, certain ERISA events,
judgments in excess of specified amounts, impairments to guarantees and a change of control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The commitments under
the PNC Facility will expire and the full outstanding principal amount of the loans, together with accrued and unpaid interest,
are due and payable in full on June 22, 2015, unless the commitments are terminated and the outstanding principal amount of the
loans are accelerated sooner following an event of default.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Entry into Guaranty and Suretyship
Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the closing of the PNC Facility, each of the Company and its subsidiary, Hudson Holdings, Inc. (&ldquo;HH&rdquo;), entered into
a Guaranty and Suretyship Agreement, each dated as of June 22, 2012 (collectively, the &ldquo;Guarantees&rdquo;), pursuant to which
the Company and HH each unconditionally guaranteed the payment and performance of all obligations owing by HTC to PNC, as Agent
for the benefit of the lenders, the lenders or to any other direct or indirect subsidiary of the parent of any lender.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Entry into Patents, Trademarks and
Copyrights Security Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with
the closing of the PNC Facility, each of the Company and HTC also entered into a Patents, Trademarks and Copyrights Security Agreement,
each dated as of June 22, 2012 (collectively, the &ldquo;Security Agreements&rdquo;), pursuant to which the Company and HTC granted
to the Agent, for the benefit of the lenders, security interests in their respective intellectual property assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The descriptions of
the PNC Facility, the Guarantees and the Security Agreements do not purport to be complete and are qualified in their entirety
by reference to the full text of the PNC Facility, the Guarantees and the Security Agreements, which are filed as exhibits to this
Report. The agreements have been included to provide investors and security holders with information regarding their respective
terms. The descriptions are not intended to provide any other factual information about the Registrant or the other parties thereto.
The agreements contain representations and warranties the parties thereto made to, and solely for the benefit of, the other parties
thereto. Accordingly, investors and security holders should not rely on the representations and warranties as characterizations
of the actual state of facts, since they were only made as of the date of such agreements. In addition, the agreements are modified
by the underlying disclosure schedules. Moreover, information concerning the subject matter of the representations and warranties
may change after the date of the agreements, which subsequent information may or may not be fully reflected in the Registrant's
public disclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.02 Termination of a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Termination of the Keltic Credit Facility</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: black">On June 25, 2012,
HTC applied a portion of the proceeds of the loans made under the PNC Facility to repay in full all amounts outstanding </FONT>under
the Amended and Restated Loan Agreement, dated June 26, 2007 (as amended to the date of the such repayment, the &ldquo;Keltic Credit
Facility&rdquo;) between HTC and Keltic Financial Partners, L.P. (&ldquo;Keltic&rdquo;)<FONT STYLE="color: black">. There were
no prepayment penalties associated with repayment made to Keltic under or the termination prior to the end of the term of the Keltic
Credit Facility. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01</B>&nbsp;<B>Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;Exhibits&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; text-autospace: none; text-align: center">10.1</TD>
    <TD STYLE="width: 87%; text-autospace: none">Revolving Credit, Term Loan and Security Agreement, dated June 22, 2012, between Hudson Technologies Company as borrower and PNC Bank, National Association as lender and agent.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.2</TD>
    <TD STYLE="text-autospace: none">$23,000,000 Revolving Credit Note, dated June 22, 2012, by Hudson Technologies Company as borrower in favor of PNC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.3</TD>
    <TD STYLE="text-autospace: none">$4,000,000 Term Note, dated June 22, 2012, by Hudson Technologies Company as borrower in favor of PNC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.4</TD>
    <TD STYLE="text-autospace: none">Guaranty &amp; Suretyship Agreement, dated June 22, 2012, made by Hudson Holdings, Inc. as guarantor on behalf of Hudson Technologies Company.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.5</TD>
    <TD STYLE="text-autospace: none">Guaranty &amp; Suretyship Agreement, dated June 22, 2012, made by the Registrant as guarantor on behalf of Hudson Technologies Company.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.6</TD>
    <TD STYLE="text-autospace: none">Patents, Trademarks and Copyrights Security Agreement, dated June 22, 2012, between the Registrant and PNC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.7</TD>
    <TD STYLE="text-autospace: none">Patents, Trademarks and Copyrights Security Agreement, dated June 22, 2012, between Hudson Technologies Company and PNC.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.55in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.55in">&nbsp;</P>

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    <TD STYLE="text-autospace: none; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none; font-weight: bold">HUDSON TECHNOLOGIES, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-autospace: none">Date: June 28, 2012</TD>
    <TD STYLE="width: 4%; text-autospace: none">By:</TD>
    <TD STYLE="width: 46%; border-bottom: windowtext 1pt solid; text-autospace: none">/s/ Brian F. Coleman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Brian F. Coleman</TD></TR>
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    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">President and Chief Operating Officer</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v317196_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 25534}]
{"company-data": {"conformed-name": "HUDSON TECHNOLOGIES INC /NY", "cik": "0000925528", "assigned-sic": "5080", "irs-number": "133641539", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13412", "film-number": "12933198"}, "business-address": {"street1": "PO BOX 1541", "street2": "ONE BLUE HILL PLAZA, 14TH FLOOR", "city": "PEARL RIVER", "state": "NY", "zip": "10965", "phone": "8457356000"}, "mail-address": {"street1": "PO BOX 1541", "street2": "ONE BLUE HILL PLAZA, 14TH FLOOR", "city": "PEARL RIVER", "state": "NY", "zip": "10965"}, "former-company": {"former-conformed-name": "REFRIGERANT RECLAMATION INDUSTRIES INC", "date-changed": "19940617"}}
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):
June 22, 2012
Hudson Technologies, Inc.
(Exact Name of Registrant as Specified in
Charter)
New York
1-13412
13-3641539
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
PO Box 1541, One Blue Hill Plaza
10965
Pearl River, New York
(Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including
area code:
(845) 735-6000
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 (see General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
¨
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.
Item 2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Entry into Revolving Credit, Term
Loan and Security Agreement
On June 22, 2012, Hudson
Technologies Company ("HTC"), a subsidiary of Hudson Technologies, Inc. (the "Company" or the "Registrant"),
as borrower, became obligated under a Revolving Credit, Term Loan and Security Agreement (the "PNC Facility") with
PNC Bank, National Association, as agent ("Agent" or "PNC"), and such other lenders as may thereafter become
a party to the PNC Facility.
Under the terms of
the PNC Facility, HTC may borrow up to $27,000,000 consisting of a term loan in the principal amount of $4,000,000 and revolving
loans in a maximum amount up to the lesser of $23,000,000 and a borrowing base that is calculated based on the outstanding amount
of HTC's eligible receivables and eligible inventory, as described in the PNC Facility.
Amounts borrowed under
the PNC Facility may be used by HTC for working capital needs and to reimburse drawings under letters of credit. On the closing
date of the PNC Facility, HTC borrowed an amount equal to $9,548,193.32 which was used by HTC to repay existing indebtedness owed
to Keltic Financial Partners, LP under the Keltic Credit Facility (as defined below in Item 1.02 of this Current Report on
Form 8-K) and to pay fees and expenses relating to the PNC Facility. At June 25, 2012, total borrowing under the PNC Facility were
$9,548,193.32.
Interest on loans under
the PNC Facility is payable in arrears on the first day of each month with respect to loans bearing interest at the domestic rate
(as set forth in the PNC Facility) and at the end of each interest period with respect to loans bearing interest at the Eurodollar
rate (as set forth in the PNC Facility) or, for Eurodollar rate loans with an interest period in excess of three months, at the
earlier of (a) each three months from the commencement of such Eurodollar rate loan or (b) the end of the interest period.
Interest
charges with respect to loans are computed on the actual principal amount of loans outstanding during the month at a rate per annum
equal to (A) with respect to domestic rate loans, the sum of (i) a rate per annum equal to the higher of (1) the base commercial
lending rate of PNC, (2) the federal funds open rate plus .5% and (3) the daily LIBOR plus 1%, plus (ii) .5% and (B) with respect
to Eurodollar rate loans, the sum of the Eurodollar rate plus 2.25%.
HTC granted to the
Agent, for the benefit of the lenders, a security interest in HTC's receivables, general intangibles, inventory and certain
other assets.
The PNC Facility contains
certain financial and non-financial covenants relating to HTC, including limitations on HTC's ability to pay dividends on
common stock or preferred stock, and also includes certain events of default, including payment defaults, breaches of representations
and warranties, covenant defaults, cross-defaults to other obligations, events of bankruptcy and insolvency, certain ERISA events,
judgments in excess of specified amounts, impairments to guarantees and a change of control.
The commitments under
the PNC Facility will expire and the full outstanding principal amount of the loans, together with accrued and unpaid interest,
are due and payable in full on June 22, 2015, unless the commitments are terminated and the outstanding principal amount of the
loans are accelerated sooner following an event of default.
Entry into Guaranty and Suretyship
Agreements
In connection with
the closing of the PNC Facility, each of the Company and its subsidiary, Hudson Holdings, Inc. ("HH"), entered into
a Guaranty and Suretyship Agreement, each dated as of June 22, 2012 (collectively, the "Guarantees"), pursuant to which
the Company and HH each unconditionally guaranteed the payment and performance of all obligations owing by HTC to PNC, as Agent
for the benefit of the lenders, the lenders or to any other direct or indirect subsidiary of the parent of any lender.
Entry into Patents, Trademarks and
Copyrights Security Agreements
In connection with
the closing of the PNC Facility, each of the Company and HTC also entered into a Patents, Trademarks and Copyrights Security Agreement,
each dated as of June 22, 2012 (collectively, the "Security Agreements"), pursuant to which the Company and HTC granted
to the Agent, for the benefit of the lenders, security interests in their respective intellectual property assets.
The descriptions of
the PNC Facility, the Guarantees and the Security Agreements do not purport to be complete and are qualified in their entirety
by reference to the full text of the PNC Facility, the Guarantees and the Security Agreements, which are filed as exhibits to this
Report. The agreements have been included to provide investors and security holders with information regarding their respective
terms. The descriptions are not intended to provide any other factual information about the Registrant or the other parties thereto.
The agreements contain representations and warranties the parties thereto made to, and solely for the benefit of, the other parties
thereto. Accordingly, investors and security holders should not rely on the representations and warranties as characterizations
of the actual state of facts, since they were only made as of the date of such agreements. In addition, the agreements are modified
by the underlying disclosure schedules. Moreover, information concerning the subject matter of the representations and warranties
may change after the date of the agreements, which subsequent information may or may not be fully reflected in the Registrant's
public disclosures.
Item 1.02 Termination of a Material Definitive Agreement.
Termination of the Keltic Credit Facility
On June 25, 2012,
HTC applied a portion of the proceeds of the loans made under the PNC Facility to repay in full all amounts outstanding
under
the Amended and Restated Loan Agreement, dated June 26, 2007 (as amended to the date of the such repayment, the "Keltic Credit
Facility") between HTC and Keltic Financial Partners, L.P. ("Keltic")
. There were
no prepayment penalties associated with repayment made to Keltic under or the termination prior to the end of the term of the Keltic
Credit Facility.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
10.1
Revolving Credit, Term Loan and Security Agreement, dated June 22, 2012, between Hudson Technologies Company as borrower and PNC Bank, National Association as lender and agent.
10.2
$23,000,000 Revolving Credit Note, dated June 22, 2012, by Hudson Technologies Company as borrower in favor of PNC.
10.3
$4,000,000 Term Note, dated June 22, 2012, by Hudson Technologies Company as borrower in favor of PNC.
10.4
Guaranty & Suretyship Agreement, dated June 22, 2012, made by Hudson Holdings, Inc. as guarantor on behalf of Hudson Technologies Company.
10.5
Guaranty & Suretyship Agreement, dated June 22, 2012, made by the Registrant as guarantor on behalf of Hudson Technologies Company.
10.6
Patents, Trademarks and Copyrights Security Agreement, dated June 22, 2012, between the Registrant and PNC.
10.7
Patents, Trademarks and Copyrights Security Agreement, dated June 22, 2012, between Hudson Technologies Company and PNC.
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.
HUDSON TECHNOLOGIES, INC.
Date: June 28, 2012
By:
/s/ Brian F. Coleman
Brian F. Coleman
President and Chief Operating Officer