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  <TITLE> Kraton Polymers LLC (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	December 15, 2006
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  	Kraton Polymers LLC
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	333-123747
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  	94-2805249
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	15710 John F. Kennedy Blvd., Suite 300, Houston, Texas
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  	77032
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	281-504-4700
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  On December 15, 2006, Kraton Polymers LLC (the "Company") entered into Amendment No. 5 (the "Amendment") to the Credit and Guaranty Agreement, dated as of December 23, 2003, as amended from time to time, among the Company, each of the guarantors thereto, UBS AG, Stamford Branch, as Administrative Agent and each of the lenders thereto, to permit the restructuring of the Company's European assets to realize potential savings from its European subsidiaries.  The restructuring is expected to save the Company approximately $8 to $12 million in cash payments over the next 5 years.  The terms of the Agreement are set forth on Exhibit 10.1 attached hereto.
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  	Item 9.01 Financial Statements and Exhibits.
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  The following exhibits are filed with this Current Report pursuant to Item 1.01.<br><br>(c) Exhibits<br><br>10.1  Amendment No. 5 to Credit and Guaranty Agreement dated December 15, 2006, between the Company, the Guarantors,the Administrative Agent and the Lenders.<br>
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  	SIGNATURES
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  	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.
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  	Kraton Polymers LLC
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  	&nbsp;&nbsp;
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  <I>
  	December 15, 2006
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  <I>
  	/s/ Joseph J. Waiter
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  	&nbsp;
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  <I>
  	Name: Joseph J. Waiter
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  	Title: Vice President and General Counsel
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  Amendment No. 5 to Credit and Guaranty Agreement dated as of December 15, 2006, executed by and among the Company, the Guarantors, the Administrative Agent and the Lenders.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_17178.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10713}]
metadata_filer: {"company-data": {"conformed-name": "Kraton Polymers LLC", "cik": "0001321730", "assigned-sic": "2821", "irs-number": "942805249", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-123747", "film-number": "061291824"}, "business-address": {"street1": "700 MILAM STREET", "street2": "13TH FLOOR, NORTH TOWER", "city": "HOUSTON", "state": "TX", "zip": "77002", "phone": "800 457-2866"}, "mail-address": {"street1": "700 MILAM STREET", "street2": "13TH FLOOR, NORTH TOWER", "city": "HOUSTON", "state": "TX", "zip": "77002"}}
text: Kraton Polymers LLC (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):
  December 15, 2006
  Kraton Polymers LLC
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  333-123747
  94-2805249
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  15710 John F. Kennedy Blvd., Suite 300, Houston, Texas
  77032
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  281-504-4700
  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On December 15, 2006, Kraton Polymers LLC (the "Company") entered into Amendment No. 5 (the "Amendment") to the Credit and Guaranty Agreement, dated as of December 23, 2003, as amended from time to time, among the Company, each of the guarantors thereto, UBS AG, Stamford Branch, as Administrative Agent and each of the lenders thereto, to permit the restructuring of the Company's European assets to realize potential savings from its European subsidiaries.  The restructuring is expected to save the Company approximately $8 to $12 million in cash payments over the next 5 years.  The terms of the Agreement are set forth on Exhibit 10.1 attached hereto.
  Item 9.01 Financial Statements and Exhibits.
  The following exhibits are filed with this Current Report pursuant to Item 1.01.
  (c) Exhibits
  10.1  Amendment No. 5 to Credit and Guaranty Agreement dated December 15, 2006, between the Company, the Guarantors,the Administrative Agent and the Lenders.
  Top of the Form
  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.
  Kraton Polymers LLC
  December 15, 2006
  By:
  /s/ Joseph J. Waiter
  Name: Joseph J. Waiter
  Title: Vice President and General Counsel
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Amendment No. 5 to Credit and Guaranty Agreement dated as of December 15, 2006, executed by and among the Company, the Guarantors, the Administrative Agent and the Lenders.