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| KVHI > SEC Filings for KVHI > Form 8-K on 8-Apr-2009 | All Recent SEC Filings |
8-Apr-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhi
Loan Agreement
On April 6, 2009, KVH Industries, Inc. (the "Company") entered into a loan agreement with Bank of America, N.A. (the "Bank"), providing for an advance of $4,000,000 (the "Loan"). The loan is secured by a mortgage on the real property at 50 Enterprise Center, Middletown, Rhode Island. The term of the loan is from April 6, 2009 until April 6, 2019 (the "Term"). During the term, the interest rate will be equal to the British Bankers Association Libor Rate plus 2.25 percentage points.
The foregoing description of the Loan is qualified in its entirety by reference to the Loan Agreement filed as Exhibit 10.1 to this Report on Form 8-K and incorporated by reference herein.
(d) Exhibits
Exhibit No. Description
10.1 Loan Agreement, dated April 6, 2009 by and among KVH Industries, Inc.,
(the "Borrower"), and Bank of America, N.A. (the "Bank").
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