47
Item 9B.
Other Information
On June 25, 2013, we closed on new $130 million Senior Credit Facilities (the “Senior Credit Facilities”) which included (i) a
$56.5 million term loan A facility (“Term Loan A Facility”), (ii) a $43.5 million delayed draw term loan facility (“Delayed Draw
Term Loan Facility”), and (iii) a $30.0 million revolving loan facility (“Revolving Loan Facility”). The Credit Agreement was
amended on February 28, 2014. The Amendment modified certain financial covenants applicable to 2014 and 2015, and changed the
availability of the Delayed Draw Term Loan Facility, so that $14.6 million of the Delayed Draw Term Loan Facility is available until
November 2014 to refinance the 4.5% Convertible Senior Notes, and the remaining $18.9 million of Delayed Draw Term Loan
Facility will be available to us from March 31, 2015 until April 30, 2015 subject to our meeting certain financial covenants. Any
amount of the Delayed Draw Term Loan Facility not drawn on April 30, 2015 will expire unused. The Amendment also provides that
the banks will hold at least $35.0 of the Company’s cash and marketable securities until our leverage ratio is below a specified level.
No changes were made to the pricing of any of the loans or the amount we may borrow under the existing $30.0 Revolving Loan
Facility.
