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Quotes & Info
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| CRAI > SEC Filings for CRAI > Form 8-K on 19-Aug-2009 | All Recent SEC Filings |
19-Aug-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhi
On August 18, 2009, we entered into an amendment of our loan agreement dated as of January 14, 2004 with RBS Citizens, N.A. The amendment reduced the line of credit from $90 million to $60 million, extended the termination date of the loan agreement from April 30, 2010 to April 30, 2012, and raised the commitment fee payable on the unused portion of the credit facility from 0.165% to 0.25%. In addition, under the amended credit facility, interest on borrowings is based upon LIBOR, instead of LIBOR or the prime rate at our option, and is calculated using a margin over LIBOR ranging from 2% to 3.5%, an increase from the prior range of 0.75% to 1.5%.
In connection with this amendment, we also executed an amendment to the promissory note relating to the loan agreement. A copy of the amendments to the loan agreement and promissory note are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.
(d) Exhibits
Number Title
10.1 Sixth Amendment to Loan Agreement, dated as of August 18, 2009, by and
between CRA International, Inc. and RBS Citizens, N.A.
10.2 Fourth Amendment to Revolving Note, dated as of August 18, 2009, by and
between CRA International, Inc. and RBS Citizens, N.A.
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