|
Quotes & Info
|
| TBUS > SEC Filings for TBUS > Form 8-K on 1-Jul-2009 | All Recent SEC Filings |
1-Jul-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On June 25, 2009, our wholly-owned German subsidiary Mobitec GmbH modified
its existing EURO Short Term Loan Facility and related credit card accounts
(collectively, the "Mobitec Credit Facility") with Svenska Handelsbanken AB, a
German bank ("Handelsbanken"), to, among other things, increase the size of the
Mobitec Credit Facility to approximately $2.0 million, based on exchange rates
as of the date of the modification.
The material terms of the Mobitec Credit Facility, as amended, are described
in Item 2.03 - Creation of a Direct Financial Obligation or an Obligation Under
an Off-Balance Sheet Arrangement of a Registrant below.
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant.
Mobitec Credit Facility
On June 25, 2009, Mobitec GmbH and Handelsbanken entered into amendments to
the Mobitec Credit Facility to, among other things, effect the following:
• until April 30, 2010, increase the borrowing capacity under the Mobitec
Credit Facility by 500,000 Euros (approximately US$703,000, based on
exchange rates as of the date of the modification), from 912,000 Euros
(approximately US$1.3 million, based on exchange rates as of the date of the
modification) to approximately 1.4 million Euros (approximately
US$2.0 million, based on exchange rates as of the date of the modification);
• on April 30, 2010, reduce the borrowing capacity under the Mobitec Credit Facility by 500,000 Euros (approximately US$703,000, based on exchange rates as of the date of the modification), from approximately 1.4 million Euros (approximately US$2.0 million, based on exchange rates as of the date of the modification) to 912,000 Euros (approximately US$1.3 million, based on exchange rates as of the date of the modification); and
• increase the annual interest rate on the Mobitec Credit Facility from Euro OverNight Index Average ("EONIA") plus 1.85% to EONIA plus 3.70%.
(d) Exhibits
10.1 EURO Short Term Loan Facility by and between Handelsbanken and Mobitec
GmbH, dated as of June 25, 2009.
|
|