Attached files
| file | filename |
|---|---|
| EX-10.01 - EXHIBIT - SquareTwo Financial Corp | exhibitforamendmentno5tolo.htm |
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): May 21, 2014
SquareTwo Financial Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware | 333-170734 | 84-1261849 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
4340 South Monaco Street, Denver, Colorado 80237
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 303-296-3345
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 1.01. Entry into a Material Definitive Agreement.
On May 21, 2014, SquareTwo Financial Corporation (“SquareTwo”) together with certain of its domestic and Canadian subsidiaries, Ally Bank, as agent, Canadian agent and a lender and certain other financial institutions as lenders, entered into Amendment No. 5 (the “Amendment”) to its Loan Agreement dated as of April 7, 2010 (the “Loan Agreement”), as amended, among SquareTwo, Preferred Credit Resources Limited, certain other affiliates of SquareTwo, Ally Commercial Finance LLC and the other lenders from time to time party thereto. Pursuant to the terms of the Amendment, the following adjustments have been made to the Loan Agreement: (i) the formula which determines the maximum amount of borrowings has been modified to include Canadian Estimated Remaining Proceeds and (ii) the collateral pool securing the loan has been modified to include Canadian assets.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit | ||
Number | Description | |
10.1 | Amendment No. 5 to Loan Agreement, dated May 21, 2014 | |
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.
SQUARETWO FINANCIAL CORPORATION | ||||
Date: | May 21, 2014 | By: | /s/ Thomas G. Good | |
Name: | Thomas G. Good | |||
Title: | General Counsel | |||