Item 1.01 Entry into a Material Definitive Agreement.
On April 10, 2009 (the "Closing Date"), Dycom Industries, Inc. ("Dycom")
entered into a First Amendment (the "Amendment") to its Credit Agreement dated
as of September 12, 2008 ("Credit Agreement") with Wachovia Bank, National
Association, as Administrative Agent, Bank of America, N.A., as Syndication
Agent, Branch Banking and Trust Company and RBS Citizens, N.A., as
Co-Documentation Agents and Wachovia Capital Markets LLC and Bank of America
Securities, LLC, as joint lead arrangers and joint book runners, and certain
other lenders from time to time party thereto.
The Amendment increases the maximum borrowing under the Credit Agreement from
$195,000,000 to $210,000,000. After giving affect to the Amendment and subject
to certain conditions, the Credit Agreement provides the ability to increase the
committed amount by an incremental $85,000,000.
The foregoing description of the Amendment does not purport to be complete
and is qualified in its entirety by reference to the Amendment, which is
attached 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 No. Description
10.1 First Amendment dated as of April 10, 2009 to Credit Agreement dated
as of September 12, 2008 with Wachovia Bank, National Association, as
Administrative Agent, Bank of America, N.A., as Syndication Agent,
Branch Banking and Trust Company and RBS Citizens, N.A., as
Co-Documentation Agents and Wachovia Capital Markets LLC and Bank of
America Securities, LLC, as joint lead arrangers and joint book
runners, and certain other lenders from time to time party thereto.
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