Attached files
| file | filename |
|---|---|
| EX-10.1 - EX-10.1 - API Technologies Corp. | d611392dex101.htm |
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): October 10, 2013
API TECHNOLOGIES CORP.
(Exact name of registrant as specified in its charter)
| Delaware | 001–35214 | 98-0200798 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
4705 S. Apopka Vineland Rd. Suite 210
Orlando, FL 32819
(Address of principal executive offices)
(407) 876-0279
(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):
| ¨ | 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. |
Amendment No. 1 to Credit Agreement with Guggenheim Corporate Funding, LLC
On October 10, 2013, API Technologies Corp., a Delaware corporation (the “Company”), entered into an Amendment No. 1 to Credit Agreement (the “Amendment”), by and among the Company, as borrower, the lenders party thereto and Guggenheim Corporate Funding, LLC, as administrative agent (the “Agent”). The Amendment amends that certain Credit Agreement, dated as of February 6, 2013, by and among the Company, as borrower, the lenders party thereto and Agent (as amended, supplemented or modified from time to time, the “Credit Agreement”).
The Amendment, among other things, amends the Credit Agreement to reduce the minimum interest coverage ratio, increase the maximum leverage ratio, reduce the interest rate on the term loans and modify the terms of the prepayment premium which the Company is required to pay upon voluntary prepayments or certain mandatory prepayments of the term loans.
The preceding description of the Amendment is a summary only and is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 10.1 | Amendment No. 1 to Credit Agreement, dated October 10, 2013, by and among API Technologies Corp. as borrower, the lenders party thereto and Guggenheim Corporate Funding, LLC, as administrative agent. |
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.
| Dated: October 10, 2013 | API TECHNOLOGIES CORP. | |||||
| By: | /s/ Phil Rehkemper | |||||
| Phil Rehkemper Executive Vice President and Chief Financial Officer | ||||||
EXHIBIT INDEX
| 10.1 | Amendment No. 1 to Credit Agreement, dated October 10, 2013, by and among API Technologies Corp. as borrower, the lenders party thereto and Guggenheim Corporate Funding, LLC, as administrative agent. |