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<P style="line-height:20pt; margin-top:8px; margin-bottom:0px; font-size:18pt" align=center><B>UNITED STATES </B></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P style="line-height:15.5pt; margin:0px; font-size:13.5pt" align=center><B>Washington, D.C. 20549 </B></P>
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<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>
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<P style="margin:0px" align=center>DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JUNE 30, 2009</P>
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<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>RATHGIBSON, INC. </B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter) </P>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0; display:none"><TD width=252></TD><TD width=90></TD><TD width=90></TD><TD width=252></TD></TR>
<TR><TD valign=bottom width=252><P style="margin:0px" align=center>Delaware</P>
</TD><TD valign=bottom width=180 colspan=2><P style="margin:0px" align=center>333-134875</P>
</TD><TD valign=bottom width=252><P style="margin:0px" align=center>22-3683283</P>
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<TR><TD valign=bottom width=252><P style="margin:0px" align=center>(State or other jurisdiction of incorporation)</P>
</TD><TD valign=bottom width=180 colspan=2><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD valign=bottom width=252><P style="margin:0px" align=center>(I.R.S. Employer Identification No.)</P>
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<TR><TD valign=bottom width=342 colspan=2><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=342 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=342 colspan=2><P style="margin:0px" align=center>475 Half Day Road, Suite 210, Lincolnshire, Illinois</P>
</TD><TD valign=bottom width=342 colspan=2><P style="margin:0px" align=center>60069</P>
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<TR><TD valign=bottom width=342 colspan=2><P style="margin:0px" align=center>(Address of principal executive offices)</P>
</TD><TD valign=bottom width=342 colspan=2><P style="margin:0px" align=center>(Zip Code)</P>
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<TR><TD valign=bottom width=342 colspan=2><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=342 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=684 colspan=4><P style="margin:0px" align=center>(847) 276-2100</P>
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<TR><TD valign=bottom width=684 colspan=4><P style="margin:0px" align=center>(Registrant&#146;s telephone number, including area code)</P>
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<TR><TD valign=bottom width=342 colspan=2><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=342 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=684 colspan=4><P style="margin:0px" align=center>N/A</P>
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<TR><TD valign=bottom width=684 colspan=4><P style="margin:0px" align=center>(Former name, former address and former fiscal year, if changed since last report)</P>
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<P style="margin:0px" align=justify>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:</P>
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<P style="margin:0px; font-family:Wingdings" align=justify>o<FONT style="font-family:Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
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<P style="margin:0px; font-family:Wingdings" align=justify>o<FONT style="font-family:Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
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<P style="margin:0px; font-family:Wingdings" align=justify>o<FONT style="font-family:Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
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<P style="margin:0px; font-family:Wingdings" align=justify>o<FONT style="font-family:Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
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<P style="margin:0px" align=justify><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>
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<P style="margin:0px; text-indent:24px" align=justify>On June 30, 2009, RathGibson, Inc. (the &#8220;Company&#8221;) entered into a ninth amendment to its senior secured revolving credit facility (the &#147;Revolving Credit Facility&#148;), dated as of February 7, 2006, by and among the Company, RGCH Holdings Corp., Greenville Tube Company, the financial institutions who are or become lenders thereunder and General Electric Capital Corporation (in its individual capacity and as agent). &nbsp;The amendment to the Revolving Credit Facility: &nbsp;(i) permits the Company to access, during the period commencing on the effective date of the amendment and ending on the expiration of the forbearance period, as explained below, an additional $3.35 million under the Revolving Credit Facility as overadvances that would not otherwise be permitted by reference to the Company&#146;s borrowing base (increasing the amount of incremental liquidity extended to the Company by the lenders thereunder since June 19, 2009 to $13.35 million); and (ii) increases the interest rate charged on the borrowings under the Revolving Credit Facility to prime plus 7.50% or LIBOR plus 8.50%, but not less than 10.50%, effective June 30, 2009. &nbsp;In addition, the forbearance period previously agreed to by the lenders under the Revolving Credit Facility has been extended to July 14, 2009, subject to certain conditions that could accelerate the expiration of the forbearance period. &nbsp;</P>
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<P style="margin:0px" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; text-indent:24px">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>
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<TR><TD valign=top width=426><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=234><P style="margin:0px"><B>RATHGIBSON, INC.</B></P>
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<TR><TD valign=top width=426><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=234><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=426><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=234><P style="margin:0px">/s/ Jon M. Smith</P>
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<TR><TD valign=top width=426><P>&nbsp;</P></TD><TD valign=top width=234><P style="margin:0px">Jon M. Smith</P>
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<TR><TD valign=top width=426><P>&nbsp;</P></TD><TD valign=top width=234><P style="margin:0px">Chief Financial Officer</P>
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<TR><TD valign=top width=426><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=234><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=426><P style="margin:0px">Date: &nbsp;July 6, 2009</P>
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UNITED STATES
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 30, 2009
RATHGIBSON, INC.
(Exact name of registrant as specified in its charter)
Delaware
333-134875
22-3683283
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
475 Half Day Road, Suite 210, Lincolnshire, Illinois
60069
(Address of principal executive offices)
(Zip Code)
(847) 276-2100
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, 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 June 30, 2009, RathGibson, Inc. (the "Company") entered into a ninth amendment to its senior secured revolving credit facility (the "Revolving Credit Facility"), dated as of February 7, 2006, by and among the Company, RGCH Holdings Corp., Greenville Tube Company, the financial institutions who are or become lenders thereunder and General Electric Capital Corporation (in its individual capacity and as agent).  The amendment to the Revolving Credit Facility:  (i) permits the Company to access, during the period commencing on the effective date of the amendment and ending on the expiration of the forbearance period, as explained below, an additional $3.35 million under the Revolving Credit Facility as overadvances that would not otherwise be permitted by reference to the Company's borrowing base (increasing the amount of incremental liquidity extended to the Company by the lenders thereunder since June 19, 2009 to $13.35 million); and (ii) increases the interest rate charged on the borrowings under the Revolving Credit Facility to prime plus 7.50% or LIBOR plus 8.50%, but not less than 10.50%, effective June 30, 2009.  In addition, the forbearance period previously agreed to by the lenders under the Revolving Credit Facility has been extended to July 14, 2009, subject to certain conditions that could accelerate the expiration of the forbearance period.
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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.
RATHGIBSON, INC.
/s/ Jon M. Smith
Jon M. Smith
Chief Financial Officer
Date:  July 6, 2009
3