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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font SIZE=2>UNITED STATES </font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Washington, D.C. 20549</font></b></p>
<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font SIZE=4>FORM 8-K</font></b></p>
<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font SIZE=2>CURRENT REPORT</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>
<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font size=2>Date of Report (Date of Earliest Event Reported): June 21, 2006</font></b></p>
<p style=' margin-bottom:0pt; margin-top:30pt;text-align:center;'><b><font SIZE=5>PALL CORPORATION</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of registrant as specified in its charter)</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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      <p style='margin-left:8.65pt;text-indent:-8.65pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=2>New
        York</font></b></p>
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      <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="31%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><b><font size=2>1- 4311</font></b></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align: center;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="23%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font size=2>11-1541330</font></b></p> </td> </tr> <tr>

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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=2>(State or other jurisdiction</font><br> <font size=2>of incorporation)</font></p> </td>

    <td width="13%" valign=bottom >
      <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="31%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:2pt;margin-bottom:0pt;'><font size=2>(Commission file number)</font></p> </td>
        <td width="10%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="23%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=2>(I.R.S. Employer</font><br> <font size=2>Identification No.)</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font size=2>2200 Northern Boulevard, East Hills, NY</font></b></p> </td>
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            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="23%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><b><font size=2>11548</font></b></p> </td> </tr> <tr>
        <td width="48%" valign=bottom >
            <p style='margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=2>(Address of principal executive offices)</font></p> </td>
        <td width="27%" valign=bottom >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="23%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=2>(Zip Code)</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font size=2> (516) 484-5400</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Registrant&#146;s telephone number, including area code)</font></p>
<p style=' margin-bottom:0pt; margin-top:12pt;text-align:center;'><b><font size=2>Not Applicable</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Former name or former address, if changed since last report)</font></p>
<p style=' margin-bottom:0pt; margin-top:24pt;text-align:left;'><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
  (see General Instruction A.2. below): </font></p>



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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
        </font></p>
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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;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-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;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-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c)) </font></p>
    </td> </tr></table>



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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><u><b><font size=2>Item 1.01 Entry Into a Material Definitive Agreement.</font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>On
  June 21, 2006, Pall Corporation (the &#147;Registrant&#148;) (and certain subsidiaries:
  Pall Europe Limited, Filtration and Separation Group SAS, Pall France S.A.,
  Pall Deutschland Holdings GmbH &amp; Co. KG, Pall Italia S.R.L. and Medsep Corporation
  (collectively, the &#147;Wholly Owned Subsidiary Borrowers&#148; and, together
  with the Registrant, the &#147;Borrowers&#148;)), entered into a Credit Agreement
  (the &#147;Agreement&#148;) with several financial institutions. Among them
  are JPMorgan Chase Bank, N.A., as Facility Agent, J. P. Morgan Europe Limited,
  as London Agent, J.P. Morgan Securities Inc., Banc of America Securities LLC
  and Banc of America Securities Limited, as Mandated Lead Arrangers and Joint
  Bookrunners and Bank of Tokyo-Mitsubishi UFJ Trust Company, HSBC Bank USA, National
  Association, Sumitomo Mitsui Banking Corporation, UBS Securities LLC and Wachovia
  Bank, N.A., as Arrangers under the Agreement. The obligations of the borrowers
  under the Agreement are guaranteed by the Registrant and all of its existing
  or subsequently acquired or organized active domestic subsidiaries.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The Agreement replaces a revolving credit facility entered into on July 29, 2005, by and among the Registrant, and a syndicate of banks thereto, which was due to expire on July 29, 2010 (the &#147;Prior Agreement&#148;). The Prior Agreement was terminated by the Registrant on June 21, 2006.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The Agreement provides for a $500 million five-year revolving credit facility (the &#147;Facility&#148;) that may be drawn upon in US Dollars, Pounds Sterling, Euro and other readily available and freely exchangeable currencies and provides for letters of credit up to $50 million.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Simultaneous with entry into the Agreement, the Registrant and one of its subsidiaries borrowed approximately $445 million. These proceeds were used to (i) repay the existing balance under the Prior Agreement, totaling approximately $213 million, (ii) repay a 90-day term loan of $200 million and (iii) pay various fees and accrued interest of approximately $1.9 million. The balance of this borrowing is being used for general corporate purposes.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The
  Agreement includes customary representations and warranties and affirmative
  and negative covenants substantially similar to, and, in some cases, more favorable
  to the Borrowers than those in the Prior Agreement. The Agreement also contains
  financial covenants that require the Registrant to maintain a minimum Consolidated
  Net Interest Coverage Ratio of 3.5:1 and a maximum Consolidated Leverage Ratio
  of 3.5:1.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The Agreement also contains customary events of default. Upon the occurrence of an event of default, the outstanding obligations under the Agreement may be accelerated and become due and payable immediately.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Certain of the Lenders party to the Agreement, and their respective affiliates, have performed, and may in the future perform for the Registrant and its subsidiaries, various commercial banking, investment banking, underwriting and other financial advisory services, for which they have received, and will receive, customary fees and expense reimbursement.</font></p>
<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><u><b><font size=2>Item 1.02 Termination of a Material Definitive Agreement.</font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Effective June&nbsp;21, 2006, the Prior Agreement, as defined in Item 1.01 above, was terminated by the Registrant.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>Prior to the termination of the Prior Agreement, the Registrant had approximately $213 million of borrowings and approximately $14.4 million of letters of credit outstanding. The borrowings were repaid using proceeds of the loans under the Agreement and the letters of credit under the Prior Agreement were transferred to the Agreement, a description of which is contained under Item&nbsp;1.01 of this Current Report on Form 8-K. The Registrant did not incur any early termination fees or penalties in connection with the termination of the Prior Agreement.</font></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The information contained in Item&nbsp;1.01 in this Current Report on Form 8-K is hereby incorporated by reference.</font></p>
<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><u><b><font size=2>Item</font></b><font size=2>&nbsp;</font><b><font size=2>2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</font></b></u></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>The information contained in Item&nbsp;1.01 in this Current Report on Form 8-K is hereby incorporated by reference.</font></p>

<p align="center"><Font size="2" face="serif">2</font></p>
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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><u><b><font size=2>ITEM 9.01 Financial Statements and Exhibits.</font></b></u></p>



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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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    <td width="34" valign=top style='padding:6.0pt 0in 0in 0in;'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>(d)</font></p>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Exhibits.</font></p> </td> </tr></table>






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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:6pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>4(ii)</font></p>
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        <td valign=top style='padding:6.0pt 0in 0in 0in;'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Credit Agreement dated June 21, 2006, between Pall Corporation and JPMorgan Chase Bank and the Other Lenders Party Thereto.</font></p> </td> </tr></table>




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<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><font SIZE=2>SIGNATURES</font></b></p>
<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><font size=2>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 thereunto duly authorized.</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="7%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=2>Pall Corporation</font></p> </td> </tr> <tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br > <br > </p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=2>/s/&nbsp;</font></p> </td>
        <td width="41%" valign=bottom >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><br> <u><font SIZE=2>LISA MCDERMOTT</font></u></p> </td> </tr> <tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=2>June 27, 2006</font></p> </td>
        <td width="7%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="41%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=2>Lisa McDermott</font></p> </td> </tr> <tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="7%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
        <td width="41%" valign=top >
            <p style='margin-left:8.65pt;text-indent:-8.65pt;text-align:left;margin-top:0in;margin-bottom:0in;'><font size=2>Chief Financial Officer</font><br> <font size=2>and Treasurer</font></p> </td> </tr></table>
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<p style=' margin-bottom:0pt; margin-top:16pt;text-align:center;'><b><font SIZE=2>INDEX TO EXHIBITS</font></b></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><b><font size=2>Exhibit</font></b><br> <u><b><font size=2>Number</font></b></u><b></b></p> </td>

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      <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><u><b><font size=2>Description</font></b></u><b><u></u></b></p> </td> </tr>
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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>

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      <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr> <tr>

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      <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt;'><font size=2>4(ii)</font></p> </td>

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      <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:2pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Credit Agreement dated June 21, 2006, between Pall Corporation and JPMorgan Chase Bank and the Other Lenders Party Thereto.</font></p> </td> </tr></table>



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[{"type": "8-K", "sequence": "1", "filename": "b413811-8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 23016}]
{"company-data": {"conformed-name": "PALL CORP", "cik": "0000075829", "assigned-sic": "3569", "irs-number": "111541330", "state-of-incorporation": "NY", "fiscal-year-end": "0705"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04311", "film-number": "06927152"}, "business-address": {"street1": "2200 NORTHERN BLVD", "city": "EAST HILLS", "state": "NY", "zip": "11548", "phone": "5164845400"}, "mail-address": {"street1": "2200 NORTHERN BLVD", "city": "EAST HILLS", "state": "NY", "zip": "11548"}}
Prepared and Filed by St Ives Financial
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 21, 2006
PALL CORPORATION
(Exact name of registrant as specified in its charter)
New
        York
1- 4311
11-1541330
(State or other jurisdiction
of incorporation)
(Commission file number)
(I.R.S. Employer
Identification No.)
2200 Northern Boulevard, East Hills, NY
11548
(Address of principal executive offices)
(Zip Code)
(516) 484-5400
(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
  (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 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.
On
  June 21, 2006, Pall Corporation (the "Registrant") (and certain subsidiaries:
  Pall Europe Limited, Filtration and Separation Group SAS, Pall France S.A.,
  Pall Deutschland Holdings GmbH & Co. KG, Pall Italia S.R.L. and Medsep Corporation
  (collectively, the "Wholly Owned Subsidiary Borrowers" and, together
  with the Registrant, the "Borrowers")), entered into a Credit Agreement
  (the "Agreement") with several financial institutions. Among them
  are JPMorgan Chase Bank, N.A., as Facility Agent, J. P. Morgan Europe Limited,
  as London Agent, J.P. Morgan Securities Inc., Banc of America Securities LLC
  and Banc of America Securities Limited, as Mandated Lead Arrangers and Joint
  Bookrunners and Bank of Tokyo-Mitsubishi UFJ Trust Company, HSBC Bank USA, National
  Association, Sumitomo Mitsui Banking Corporation, UBS Securities LLC and Wachovia
  Bank, N.A., as Arrangers under the Agreement. The obligations of the borrowers
  under the Agreement are guaranteed by the Registrant and all of its existing
  or subsequently acquired or organized active domestic subsidiaries.
The Agreement replaces a revolving credit facility entered into on July 29, 2005, by and among the Registrant, and a syndicate of banks thereto, which was due to expire on July 29, 2010 (the "Prior Agreement"). The Prior Agreement was terminated by the Registrant on June 21, 2006.
The Agreement provides for a $500 million five-year revolving credit facility (the "Facility") that may be drawn upon in US Dollars, Pounds Sterling, Euro and other readily available and freely exchangeable currencies and provides for letters of credit up to $50 million.
Simultaneous with entry into the Agreement, the Registrant and one of its subsidiaries borrowed approximately $445 million. These proceeds were used to (i) repay the existing balance under the Prior Agreement, totaling approximately $213 million, (ii) repay a 90-day term loan of $200 million and (iii) pay various fees and accrued interest of approximately $1.9 million. The balance of this borrowing is being used for general corporate purposes.
The
  Agreement includes customary representations and warranties and affirmative
  and negative covenants substantially similar to, and, in some cases, more favorable
  to the Borrowers than those in the Prior Agreement. The Agreement also contains
  financial covenants that require the Registrant to maintain a minimum Consolidated
  Net Interest Coverage Ratio of 3.5:1 and a maximum Consolidated Leverage Ratio
  of 3.5:1.
The Agreement also contains customary events of default. Upon the occurrence of an event of default, the outstanding obligations under the Agreement may be accelerated and become due and payable immediately.
Certain of the Lenders party to the Agreement, and their respective affiliates, have performed, and may in the future perform for the Registrant and its subsidiaries, various commercial banking, investment banking, underwriting and other financial advisory services, for which they have received, and will receive, customary fees and expense reimbursement.
Item 1.02 Termination of a Material Definitive Agreement.
Effective June 21, 2006, the Prior Agreement, as defined in Item 1.01 above, was terminated by the Registrant.
Prior to the termination of the Prior Agreement, the Registrant had approximately $213 million of borrowings and approximately $14.4 million of letters of credit outstanding. The borrowings were repaid using proceeds of the loans under the Agreement and the letters of credit under the Prior Agreement were transferred to the Agreement, a description of which is contained under Item 1.01 of this Current Report on Form 8-K. The Registrant did not incur any early termination fees or penalties in connection with the termination of the Prior Agreement.
The information contained in Item 1.01 in this Current Report on Form 8-K is hereby incorporated by reference.
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 in this Current Report on Form 8-K is hereby incorporated by reference.
2
ITEM 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
4(ii)
Credit Agreement dated June 21, 2006, between Pall Corporation and JPMorgan Chase Bank and the Other Lenders Party Thereto.
3
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 thereunto duly authorized.
Pall Corporation
/s/
LISA MCDERMOTT
June 27, 2006
Lisa McDermott
Chief Financial Officer
and Treasurer
4
INDEX TO EXHIBITS
Exhibit
Number
Description
4(ii)
Credit Agreement dated June 21, 2006, between Pall Corporation and JPMorgan Chase Bank and the Other Lenders Party Thereto.
5