Add
RMTR to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| RMTR > SEC Filings for RMTR > Form 8-K on 24-Aug-2009 | All Recent SEC Filings |
24-Aug-2009
Entry into a Material Definitive Agreement, Creation of a Direct Finan
On August 18, 2009, Ramtron International Corporation (the "Company") executed an Amended and Restated Loan and Security Agreement ("Amended Loan Agreement") with Silicon Valley Bank ("SVB"). The Amended Loan Agreement provides for a $6 million working capital line of credit with a $1.75 million sublimit for EXIM advances and a sublimit of $3 million for letters of credit and foreign exchange exposure and cash management services. The Amended Loan Agreement replaces the Company's Amended and Restated Loan and Security Agreement dated September 15, 2005, a copy of which was filed as an exhibit to the Company's Form 8-K filed with the Securities and Exchange Commission on September 21, 2005. The Amended Loan Agreement provides for interest at a floating rate equal to the SVB prime lending rate plus 1.75% per annum and a term of two years. Security for the Amended Loan Agreement includes all of the Company's assets except for real estate and leased equipment. The Company plans to draw upon loan facility for working capital purposes as required.
On August 18, 2009, the Company entered into an Amended and Restated Intellectual Property Security Agreement ("Amended IP Security Agreement") with SVB that secures the Company's obligations under the Amended Loan Agreement by granting SVB a security interest in all of the Company's right, title and interest in, to and under its intellectual property. The Amended IP Security Agreement replaces the Company's Intellectual Property Security Agreement dated September 15, 2005, a copy of which was filed as an exhibit to the Company's Form 8-K filed with the Securities and Exchange Commission on September 21, 2005.
There are no material relationships between the Company and its affiliates, on the one hand, and Silicon Valley Bank, on the other.
The Company issued a press release on August 24, 2009 announcing the term loan facility under the Amended Loan Agreement. The full text of the press release is attached as Exhibit 99.1 to this Form 8-K Current Report.
(A) Creation of a Direct Financial Obligation
Information concerning the Company's revolving secured credit facility and Amended Loan Agreement is set forth in Item 1.01, which information is incorporated herein by reference.
(a) Financial Statements - Not Applicable
(b) Pro-Forma Financial Information - Not Applicable
(c) Shell Company Transactions - Not Applicable
(d) Exhibits:
10.60 Amended and Restated Loan and Security Agreement between
the Registrant and Silicon Valley Bank dated August 18,
2009.
10.61 Amended and Restated Intellectual Property Security
Agreement between the Registrant and Silicon Valley Bank
dated August 18, 2009.
10.62 Loan and Security Agreement (EX-IM Loan Facility)
between the Registrant and Silicon Valley Bank dated
August 18, 2009.
10.63 Export-Import Bank of the United States Working Capital
Guarantee Program Borrower Agreement between the
Registrant and Silicon Valley Bank dated August 18,
2009.
99.1 Press Release dated August 24, 2009
|
|
|