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| FARO > SEC Filings for FARO > Form 8-K on 22-Jun-2009 | All Recent SEC Filings |
22-Jun-2009
Creation of a Direct Financial Obligation or an Obligation under an Off-Bal
On June 18, 2009, FARO Technologies, Inc. (the "Company") entered into a Third Amendment (the "Third Amendment") to the Amended and Restated Loan Agreement, dated as of July 11, 2006, as subsequently amended, with SunTrust Bank (as amended, the "Loan Agreement"). The Loan Agreement provides for a revolving loan commitment of $30 million.
The Third Amendment eliminates the total debt to EBITDA covenant from the Loan Agreement and replaces it with a covenant that the Company maintain consolidated net cash of at least $25 million, measured at the end of each of the Company's fiscal quarters.
The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.
(d) Exhibits.
See the Exhibit Index set forth below for a list of exhibits included with this Current Report on Form 8-K.
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