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Quotes & Info
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| IWA > SEC Filings for IWA > Form 8-K on 15-Jul-2008 | All Recent SEC Filings |
15-Jul-2008
Entry into a Material Definitive Agreement, Financial Statem
On July 14, 2008, the Company entered into Amendment No. 2 to its credit agreement, dated as of November 23, 2004 (as amended from time to time, the "Credit Agreement"), among the Company, the lenders party thereto and Rural Telephone Finance Cooperative, as administrative agent. Amendment No. 2 to the Credit Agreement (1) gives the Company greater flexibility to acquire companies which have non-wholly owned subsidiaries, by, among other things, not requiring acquired non-wholly owned subsidiaries to guarantee the loans under the Credit Agreement, (2) permits the Company to assume or acquire up to $20 million of existing indebtedness of acquired entities and (3) modifies the Company's excess cash flow prepayment obligations with respect to uses of the revolving credit facility for permitted acquisitions.
A copy of Amendment No. 2 to the Credit Agreement is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
99.1 Amendment No. 2 to the Credit Agreement, dated as of July 14, 2008, among the Company, the lenders party thereto and Rural Telephone Finance Cooperative as administrative agent.
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