Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SNR > SEC Filings for SNR > Form 8-K on 2-Feb-2009All Recent SEC Filings

Show all filings for SUNAIR SERVICES CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SUNAIR SERVICES CORP


2-Feb-2009

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement
Effective as of January 28, 2009, Sunair Services Corporation (the "Company") entered into a third amendment ("Third Amendment") to its credit agreement dated as of June 7, 2005 (as amended, the "Credit Agreement"), among the Company, each of its domestic subsidiaries, the several lenders from time to time parties thereto, and Wachovia Bank, National Association as administrative agent for the lenders.
Among other items, the Third Amendment to the Credit Agreement extended the maturity date of the Credit Agreement to January 2, 2010 from January 7, 2009 and reduced the maximum capacity under the Credit Agreement from $11.75 million on September 30, 2008 to $7.75 million on December 31, 2008, $7.5 million on March 31, 2009, to $6.75 million on June 30, 2009 and $5.5 million on September 30, 2009. The Third Amendment reduced the committed amount under the letter of credit facility, which is part of the Credit Agreement, from $3 million to $1 million and modified the financial covenants relating to consolidated EBITDA, the leverage ratio and the fixed coverage charge ratio, which amendments were effective as of September 30, 2008.
The description of the Third Amendment to the Credit Agreement set forth above is qualified in its entirety by reference to the actual terms of the Third Amendment to the Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.

 Exhibit        Description
   10.1         Third Amendment to the Credit Agreement dated as of January 22, 2009
                and effective as of January 28, 2009 by and among Sunair Services
                Corporation, its domestic subsidiaries, the lenders parties thereto
                and Wachovia Bank, National Association as administrative agent for
                the lenders.

  Add SNR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SNR - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.