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): March 2331, 2009

BOWATER INCORPORATED

(Exact name of Registrant as Specified in Charter)

Delaware

001-8712

62-0721803

(State or other Jurisdiction of

Incorporation or Organization)

(Commission File Number)

(I.R.S. Employer

Identification Number)


	Bowater Incorporated 55 East Camperdown Way Greenville, South Carolina	29602
	(Address of principal executive offices)	(Zip Code)


	(864) 271-7733
	(Registrant's telephone number, including area code)

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):

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 8.01.	Other Events
	As previously reported on the Form 8-K filed by Bowater Incorporated ("Bowater") on March 19, 2009, on March 17, 2009, AbitibiBowater Inc. ("AbitibiBowater"), Bowater, Bowater Newsprint South LLC ("Newsprint South"), each a wholly-owned subsidiary of AbitibiBowater, and certain subsidiaries of Bowater and Newsprint South, entered into a letter agreement modifying Bowater's U.S. and Canadian credit agreements (as amended, the "Credit Agreements") to extend the dates for (i) a reduction of the outstanding overadvance permitted by the Credit Agreements by approximately $15 million and (ii) a reduction of the maximum amount of available foreign accounts receivable included in the borrowing base of each Credit Agreement by $15 million, with each such reduction to occur on the date that is no later than March 24, 2009 (the "Reversion Date").
	As previously reported on the Form 8-K filed by AbitibiBowater Inc. ("AbitibiBowater") on March 27, 2009, on March 23, 2009, AbitibiBowater, Bowater Incorporated ("Bowater"), Bowater Newsprint South LLC ("Newsprint South"), each a wholly-owned subsidiary of AbitibiBowater, and certain subsidiaries of Bowater and Newsprint South, entered into a letter agreement modifying Bowater's U.S. and Canadian credit agreements (as amended, the "Credit Agreements") to extend the dates for certain scheduled reductions of (i) the outstanding overadvance permitted by each Credit Agreement, (ii) the maximum amount of foreign accounts receivable included in the borrowing base of each Credit Agreement, and (iii) the aggregate lender commitment amount under each Credit Agreement. Pursuant to the March 23 letter agreement, the date of certain of such reductions was extended to a date that was to be no later than April 3, 2009 (the "Reversion Date").
	In addition to the scheduled reductions on the Reversion Date, the Credit Agreements currently provide for (i) a reduction of the aggregate lender commitment amount under the Credit Agreements by approximately $82.6 million, (ii) a reduction of the maximum amount of available foreign accounts receivable included in the borrowing base of each Credit Agreement by $25 million, with each such reduction described in clauses (i) and (ii) of this paragraph to occur on March 31, 2009 (the "Conversion Date"), and (iii) additional scheduled reductions of the aggregate lender commitment amount under the Credit Agreements by approximately $15,000,000 on March 31, 2009 (the "Additional Scheduled Reductions").
	The same parties entered into additional letter agreements on each of March 31, 2009 and April 6, 2009, modifying the Credit Agreements to, among other things, (i) further extend the Reversion Date to April 6, 2009 and then to April 14, 2009, (ii) extend the date of certain reductions of the outstanding overadvance permitted by each Credit Agreement, scheduled for February 28, 2009 and March 31, 2009, to the Reversion Date, (iii) extend the required delivery date for certain audited financial statements and the corresponding accountant's certificate for the fiscal year ended December 31, 2008 to the Reversion Date, and (iv) exclude from the borrowing base certain foreign accounts receivable.
	On March 24, 2009, the same parties entered into another letter agreement modifying the Credit Agreements to, among other things, (i) further extend the Reversion Date to April 3, 2009, (ii) extend the Conversion Date from March 31, 2009 to April 29, 2009, (iii) extend the date of the Additional Scheduled Reduction from March 31, 2009 to the Reversion Date, and (iv) reduce the aggregate lender commitment amount under the U.S. Credit Agreement to $370,436,241 and the aggregate lender commitment amount under the Canadian Credit Agreement to $125,874,933 on the earlier of March 31, 2009 and the Reversion Date. All other material terms and conditions of the Credit Agreements remain in full force and effect.
	Pursuant to the March 31, 2009 letter agreement, Bowater agreed to pay a consent fee to each consenting lender (other than those lenders that consented to the March 23, 2009 letter agreement) in an amount equal to 50 basis points times such lender's commitment under each Credit Agreement. Pursuant to the April 6, 2009 letter agreement, Bowater agreed to pay a consent fee to each consenting lender in an amount equal to 25 basis points times such lender's commitment under each Credit Agreement.
	Except as modified by the letter agreements, other material terms and conditions of the Credit Agreements remain in full force and effect.

Signature

Pursuant to the requirements of the Securities Exchange Act of l934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BOWATER INCORPORATED
	By:	/s/ Jacques P. Vachon
Dated: March 27, 2009		Name: Jacques P. Vachon
Dated: April 9, 2009		Name: Jacques P. Vachon
		Title: Vice-President and Secretary

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