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): October 15, 2008
 
Enable Holdings, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
000-50995
  
52-2372260
(Commission File Number)
  
(IRS Employer
   
Identification No.)
 
8725 W. Higgins Road, Suite 900
Chicago, Illinois 60631
(Address of Principal Executive Offices) (Zip Code)
 
(773) 272-5000
(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:

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 October 15, 2008, Enable Holdings, Inc. (the “Company”) paid in full all of its indebtedness owed to Wells Fargo Bank, National Association (“Wells Fargo”) in connection with a Credit and Security Agreement which was executed by the Company and Wells Fargo on May 6, 2006.

Pursuant to the pay off, the Credit Agreement has been terminated, and other than the obligations pursuant to a Mutual Release and Indemnification Agreement between the Company and Wells Fargo, all of the Company’s debts and obligations to Wells Fargo have been discharged. Wells Fargo has also released its security interest in the Company’s collateral.

 
 
 

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.

Dated: October 21, 2008
     
  ENABLE HOLDINGS, INC.
 
 		  
 		  
 
By:   /s/ Miguel A. Martinez, Jr.
 
Miguel A. Martinez, Jr.
  Chief Financial Officer