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| IM > SEC Filings for IM > Form 8-K on 1-Nov-2012 | All Recent SEC Filings |
1-Nov-2012
Entry into a Material Definitive Agreement, Creation of a Direct Financial Oblig
On November 1, 2012, Ingram Micro Inc. ("Ingram Micro") and Ingram Funding Inc.
("Ingram Funding"), a wholly-owned subsidiary of Ingram Micro, entered into an
amendment (the "Amendment") to Ingram Micro's U.S. revolving trade account
receivable-backed financing program (the "U.S. Receivables Program") to extend
the maturity date of the U.S. Receivables Program to November 1, 2015, and to
make additional changes to the U.S. Receivables Program, including:
(a) increasing the program limit to $675,000,000; (b) permitting future
increases in the program limit up to a maximum of $900,000,000, subject to
consent by the administrative agent and one or more existing purchasers or new
purchasers participating in the program; (c) amending certain fees payable to
the administrative agent and purchasers in connection therewith; (d) permitting
the inclusion of foreign obligor receivables; (e) designating certain special
obligors (with specified concentration limits) and excluded receivables;
(f) adjusting the terms of the dilution reserve applicable to the receivables
pool; (g) appointing The Bank of Nova Scotia as the replacement administrative
agent; and (h) adding certain financial institutions as new purchasers under the
U.S. Receivables Program.
The terms of the Amendment are documented pursuant to an Omnibus Amendment No. 2 to Receivables Purchase Agreement and Receivables Sale Agreement included as an exhibit to this report, and pursuant to related ancillary documents thereto. Ingram Micro is paying customary fees in connection with its entering into the Amendment. The foregoing description is qualified in its entirety by reference to the Omnibus Amendment No. 2, a copy of which is filed as Exhibit 10.1 to this report and incorporated herein by reference.
The information set forth in Item 1.01 is incorporated by reference herein.
(d) Exhibits.
Exhibit No. Description
10.1 Omnibus Amendment No. 2 dated November 1, 2012 among Ingram Micro
Inc., Ingram Funding Inc., BNP Paribas, the various Purchaser
Groups from time to time party thereto and The Bank of Nova
Scotia
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