UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): July 18, 2007
Tortoise
Capital Resources Corporation
(Exact
Name of Registrant as Specified in Its Charter)
Maryland 1-33292 20-3431375
(State
or
Other
Jurisdiction (Commission
File
Number)
(IRS Employer
of
Incorporation)
Identification
No.)
10801
Mastin Blvd., Suite 222, Overland Park,
KS 66210
(Address
of Principal Executive
Offices)
(Zip
Code)
(913)
981-1020
(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:
□ 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
July
18, 2007, Tortoise Capital Resources Corporation (the “Company”) entered into a
First Amendment to Credit Agreement (the “Amendment”) with U.S. Bank National
Association (“U.S. Bank”), as lender, agent and lead arranger, and Bank of
Oklahoma, N.A. (each a “Bank” and collectively, the “Banks”), amending the
Credit Agreement dated as of April 25, 2007 among the Company and the Banks
(the
“Credit Agreement”, and as amended by the Amendment, the “Amended Credit
Agreement”). The Amendment increases the maximum principal amount of
the revolving credit facility under the Credit Agreement from $20 million to
$35
million.
The
description of the Amendment does not purport to be complete and is qualified
in
its entirety by reference to the Amendment that is filed hereto as Exhibit
10.1
and incorporated herein by reference.
U.S.
Bank
serves as the Company’s custodian for its securities and other assets pursuant
to a custody agreement. U.S. Bank also serves as custodian for
Tortoise Energy Infrastructure Corporation (“TYG”), Tortoise Energy Capital
Corporation (“TYY”) and Tortoise North American Energy Corporation (“TYN”), and
two private funds advised by the Company’s investment adviser, which are
affiliates of the Company. In addition, U.S. Bancorp Fund Services,
LLC, an affiliate of U.S. Bank, provides fund accounting services to the Company
pursuant to a fund accounting servicing agreement and provides fund
administration services and fund accounting services to TYG and TYY, pursuant
to
fund administration servicing agreements and fund accounting servicing
agreements, as well as fund accounting services to one of such private funds
pursuant to a fund accounting servicing agreement. In addition, each
of TYG, TYY and TYN have entered into interest rate swap contracts with U.S.
Bank to protect itself from increasing interest expense on its leverage
resulting from increasing short-term interest rates.
|
Item
2.03.
|
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a
Registrant.
|
The
information included under Item 1.01 above is incorporated into this Item
2.03
by reference.
Item
9.01.
Financial Statements and Exhibits.
(d) Exhibits
10.1
First
Amendment to Credit Agreement dated as of July 18, 2007 by and among Tortoise
Capital Resources Corporation, U.S. Bank National Association and Bank of
Oklahoma, N.A.
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.
TORTOISE
CAPITAL
RESOURCES CORPORATION
Dated: July
20,
2007 By: /s/
Terry Matlack
Terry
C.
Matlack
Chief
Financial
Officer
Exhibit
Index
Exhibit
No. Description
10.1 First
Amendment to Credit Agreement dated as of July 18, 2007 by and among Tortoise
Capital Resources Corporation, U.S. Bank National Association and Bank of
Oklahoma, N.A.