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AHC > SEC Filings for AHC > Form 8-K on 4-Jan-2013All Recent SEC Filings

Show all filings for A. H. BELO CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for A. H. BELO CORP


4-Jan-2013

Termination of a Material Definitive Agreement


Item 1.02. Termination of a Material Definitive Agreement.

Effective January 4, 2013, A. H. Belo Corporation (the "Company") voluntarily terminated its Amended and Restated Credit Agreement dated as of January 2, 2009 by and between the Company and certain of its subsidiaries, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (as amended by First through Fifth Amendments dated August 18, 2009, December 3, 2009, August 18, 2010, March 10, 2011, and May 2, 2011, respectively, and together, the "Credit Agreement"). The Credit Agreement, with a maturity date of September 30, 2014, provided for a $25 million working capital facility that was subject to a borrowing base. Among other matters, the Credit Agreement created an asset-based revolving credit facility secured by the Company's accounts receivable, inventory, and real property and other assets. No amounts were outstanding under the Credit Agreement. All liens and security interests under the Credit Agreement will be released. The Company terminated the Credit Agreement to provide greater financial and operating flexibility and eliminate direct and indirect costs related to the Credit Agreement. No early termination penalties were incurred by the Company as a result of the termination.

The Credit Agreement and Amendments First through Fifth were previously filed with the SEC on Current Form 8-K filed February 2, 2009, Form 10-Q filed November 13, 2009, Form 8-K filed December 4, 2009, Form 10-Q filed November 3, 2010, Form 10-K filed March 11, 2011, and Form 10-Q filed May 4, 2011, respectively.


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