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DST > SEC Filings for DST > Form 8-K on 28-Aug-2013All Recent SEC Filings

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Entry into a Material Definitive Agreement, Financial Statements and Exhibits

ITEM 1.01 Entry into a Material Definitive Agreement

DST Systems, Inc. ("DST") previously entered into an unsecured term loan agreement, dated as of October 28, 2011 (the "Original Loan Agreement") with Bank of America, N.A. ("Original Lender"), as the sole lender, providing for an unsecured term loan in the principal amount of $125,000,000 (the "Loan"). The Original Loan Agreement was described in and attached to a Form 8-K dated October 28, 2011 (the "Prior 8-K").

In connection with Original Lender's assignment of a portion of the Loan to another lender, the Original Loan Agreement was amended and restated in its entirety on May 17, 2012 ("Amended and Restated Loan Agreement") to add provisions concerning multiple lenders without materially amending the other provisions of the Original Loan Agreement. The Amended and Restated Loan Agreement was described in and attached as Exhibit 10.1 to a Form 10-Q dated August 7, 2012 for the quarter ending June 30, 2012, and was amended by a First Amendment to the Amended and Restated Loan Agreement dated July 8, 2013 (as amended, the "Term Loan Agreement"). Capitalized terms not otherwise defined in this Form 8-K have the meanings given to them in the Amended and Restated Loan Agreement.

On August 23, 2013, DST entered into a Second Amendment to the Term Loan Agreement ("Second Amendment") with Original Lender and the other lender party thereto that, among other modifications made to the Term Loan Agreement as described in the Second Amendment: (a) removed a provision requiring prepayment of the Loan upon the incurrence of additional indebtedness; and (b) extended the Maturity Date to October 28, 2014.

This summary does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Loan Agreement, the Prior 8-K, and the Second Amendment attached hereto as Exhibit 10.1, each of which is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits

(d). Exhibits.

Number                                   Description
10.1          Second Amendment to Amended and Restated Letter Loan Agreement
              dated as of August 23, 2013, between DST Systems, Inc., Bank of
              America, N.A. and the other lender party thereto.

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