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NCI > SEC Filings for NCI > Form 8-K on 24-Sep-2013All Recent SEC Filings

Show all filings for NAVIGANT CONSULTING INC



Entry into a Material Definitive Agreement, Creation of a Direct Financia

Item 1.01. Entry into a Material Definitive Agreement.

On September 19, 2013, Navigant Consulting, Inc. (the "Company") entered into a First Amendment to Credit Agreement (the "Amendment") with a syndicate of bank lenders (the "Lenders"), including Bank of America, N.A., as administrative agent, to amend the Credit Agreement among the same parties dated as of May 27, 2011 (the "Credit Agreement"). The Credit Agreement provides the Company with a $400 million revolving credit facility, which may be increased up to an aggregate amount of $500 million at the Company's option, subject to certain terms and conditions specified in the Credit Agreement. The Amendment extends the maturity date of the revolving credit facility from May 27, 2016 to September 19, 2018 and effects certain technical changes to the Credit Agreement, including, among other things, (a) the manner in which Eurocurrency interest rates are determined in light of recent market changes to the availability of LIBOR rates and (b) with respect to the guarantee of swap transactions by certain subsidiaries of the Company as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

From time to time, the Lenders or their affiliates may have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory services for the Company and its affiliates for which they have received, or will receive, customary fees and expenses.

The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

Item 8.01. Other Events.

On September 20, 2013, the Company issued a press release announcing the entry into the Amendment. A copy of this press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

10.1              First Amendment to Credit Agreement, dated as of September 19,
                  2013, among Navigant Consulting, Inc., the other Borrowers party
                  thereto, the Guarantors party thereto and the Lenders from time
                  to time party thereto, including Bank of America, N.A., as
                  Administrative Agent.

99.1              Press Release dated September 20, 2013.

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