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| MILL > SEC Filings for MILL > Form 8-K on 16-Nov-2012 | All Recent SEC Filings |
16-Nov-2012
Entry into a Material Definitive Agreement, Financial Statements an
As previously reported, on June 29, 2012, we entered into a Loan Agreement (the "Loan Agreement") with Apollo Investment Corporation ("Apollo"), as Administrative Agent and Lender. The Loan Agreement provides for a credit facility of up to $100 million (the "Apollo Credit Facility") with an initial availability of $55 million. On November 14, 2012, we entered into the Acknowledgment and Amendment No. 3 (the "Amendment") with Apollo under the Apollo Credit Facility.
The Amendment amends the definition of Permitted Liens to include liens customarily arising in connection with the financing of insurance premiums to the extent such a premium financing is permitted under the existing covenant restricting our indebtedness. This allows us to engage in the financing of insurance premiums in cases where the financing party takes a customary lien, provided the financing is otherwise permitted under the terms of the Apollo Credit Facility.
The foregoing description is qualified in its entirety by reference to the Amendment, which is filed as an Exhibit 10.50 to this report.
(d) Exhibits.
Exhibit No. Description
10.50 Acknowledgment and Amendment No. 3, dated November 14, 2012
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