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| VISI.PK > SEC Filings for VISI.PK > Form 8-K on 1-Feb-2012 | All Recent SEC Filings |
1-Feb-2012
Entry into a Material Definitive Agreement, Regulation FD Disclos
Volt Information Sciences, Inc. (the "Company") has entered into Amendment No. 8, dated as of January 27, 2012, to its Amended and Restated Receivables Purchase Agreement, dated as of June 3, 2008 (the "Purchase Agreement"), pursuant to which the requirement that the Company provide audited financial statements for its fiscal 2011, 2010 and 2009 years by February 7, 2012, has been extended to September 15, 2012. The Purchase Agreement provides Volt Funding Corp. with a $150 million accounts receivable securitization program, under which approximately $80 million has been drawn. No amendments were required to any of the Company's or any subsidiary's other credit facilities, including the Company's $42 million bank credit agreement.
The foregoing summary of Amendment No. 8 to the Purchase Agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 4.1(a), and is incorporated herein by reference.
On January 27, 2012, the Company issued a press release updating certain financial information. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
4.1(a) Amendment No. 8, dated as of January 27, 2012, to the Amended and
Restated Receivables Purchase Agreement, dated as of June 3, 2008.
99.1 Press release dated January 27, 2012.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 31, 2012 By: /s/ James Whitney Mayhew James Whitney Mayhew, Interim Chief Financial Officer
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