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| BVX > SEC Filings for BVX > Form 8-K on 26-Oct-2012 | All Recent SEC Filings |
26-Oct-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
On October 24, 2012, Bovie Medical Corporation (the "Borrower") entered into a certain Third Amendment to Loan Documents (the "Amendment to Loan Documents") and a certain Second Amendment to Credit Documents (the "Amendment to Credit Documents") with PNC Bank, National Association (the "Bank"). Pursuant to the Amendment to Loan Documents, among other things: (i) the expiration date in that certain Revolving Loan Agreement, dated October 31, 2011, between the Borrower and the Bank, and that certain Revolving Line of Credit Note, dated October 31, 2011, between the Borrower and the Bank, is extended to October 31, 2014, (ii) the expiration date in that certain Equipment Loan Agreement, dated October 31, 2011, between the Borrower and the Bank, and that certain Non-Revolving Equipment Note, dated October 31, 2011, between the Borrower and the Bank, is extended to October 31, 2013, and (iii) the Borrower must maintain a Fixed Charge Coverage Ratio (as defined in the Addendums to Credit Agreement, dated October 31, 2011, between the Borrower and the Bank), on a rolling four quarters basis of at least 1.25:1.00, commencing with the fiscal quarter ending September 30, 2012. Pursuant to the Amendment to Loan Documents, among other things, the Borrower must maintain a Fixed Charge Coverage Ratio, on a rolling four quarters basis of at least 1.25:1.00, commencing with the fiscal quarter ending September 30, 2012.
(d) Exhibits.
10.1 Third Amendment to Loan Documents, dated October 18, 2012, between the Borrower and the Bank
10.2 Second Amendment to Credit Documents, dated October 18, 2012, between the Borrower and the Bank
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