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| FINL > SEC Filings for FINL > Form 8-K on 6-Dec-2012 | All Recent SEC Filings |
6-Dec-2012
Entry into a Material Definitive Agreement, Termination of a Material Defini
On November 30, 2012, The Finish Line, Inc. (the "Company") and certain of its wholly-owned subsidiaries, The Finish Line USA, Inc., The Finish Line Distribution, Inc., Finish Line Transportation Co., Inc., and Spike's Holding, LLC (each a "Subsidiary Borrower" and collectively, the "Subsidiary Borrowers") entered into an unsecured $100,000,000 Amended and Restated Revolving Credit Facility Credit Agreement (the "Amended Credit Agreement") by and among the Company, the Subsidiary Borrowers, the Guarantor (defined below), and certain Lenders named therein, which expires on November 30, 2017. The Amended Credit Agreement provides that, under certain circumstances, the Company may increase the maximum amount of the credit facility in an aggregate principal amount not to exceed $200,000,000. The Amended Credit Agreement will be used by the Company, among other things, to issue letters of credit, support working capital needs, fund capital expenditures, and for other general corporate purposes.
The Amended Credit Agreement and related loan documents replace the Company's prior revolving credit facility dated as of February 18, 2010 and related loan documents, in each case as amended from time to time (collectively, the "Prior Credit Agreement"). All commitments under the Prior Credit Agreement were terminated effective November 30, 2012. No advances were outstanding under the Prior Credit Agreement as of November 30, 2012.
No advances were borrowed under the Amended Credit Agreement on November 30, 2012. The Company's ability to borrow monies in the future under the Amended Credit Agreement is subject to certain conditions, including compliance with certain covenants and making certain representations and warranties. Amounts outstanding under the Amended Credit Agreement may be prepaid at the option of the Company without premium or penalty, subject to customary breakage fees in connection with the prepayment of a LIBOR Rate loan.
Pursuant to an Amended and Restated Continuing Agreement of Guaranty and Suretyship - Subsidiaries ("Guaranty"), The Finish Line MA, Inc., a wholly-owned subsidiary of the Company (the "Guarantor"), has guaranteed the obligations of the Company and the Subsidiary Borrowers under the Amended Credit Agreement and related loan documents.
The foregoing descriptions of the Amended Credit Agreement and the Guaranty are qualified in their entirety by reference to such agreements, copies of which are filed herewith as Exhibits 99.1 and 99.2, respectively.
The information included in Item 1.01 above with respect to the Prior Credit Agreement is incorporated by reference into this Item 1.02.
The information included in Item 1.01 above is incorporated by reference into this Item 2.03.
(d) Exhibits
99.1 Amended and Restated Revolving Credit Facility Credit Agreement, dated as of November 30, 2012, by and among The Finish Line, Inc., The Finish Line USA, Inc., The Finish Line Distribution, Inc., Finish Line Transportation Co., Inc., and Spike's Holding, LLC, as Borrowers, The Finish Line MA, Inc., as Guarantor, certain Lenders named therein, Bank of America, N.A., as Syndication Agent, and PNC Bank, National Association, as Administrative Agent, Lead Arranger, and Sole Book Runner
99.2 Amended and Restated Continuing Agreement of Guaranty and Suretyship - Subsidiaries, dated as of November 30, 2012, by The Finish Line MA, Inc.
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