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ACXM > SEC Filings for ACXM > Form 8-K on 15-Oct-2013All Recent SEC Filings

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Form 8-K for ACXIOM CORP


15-Oct-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation


Item 1.01 Entry into a Material Definitive Agreement.

Credit Agreement

On October 9, 2013, Acxiom Corporation ("Acxiom") entered into a Fifth Amended and Restated Credit Agreement (the "Restated Credit Agreement") with JPMorgan Chase Bank, N.A., as the agent, and other lenders party thereto. The Restated Credit Agreement amends, restates and supercedes the Fourth Amended and Restated Credit Agreement dated as of September 15, 2006, as amended, among Acxiom, JPMorgan Chase Bank, N. A., as the agent, and other lenders party thereto.

Under the terms and conditions of the Restated Credit Agreement, the lenders commit to make (i) term loans to Acxiom in the aggregate principal amount of $300,000,000 (the "Term Loan"), and (ii) revolving loans and to acquire participations in letters of credit and swingline loans (the "Revolving Loans") in an aggregate amount of $300,000,000. The Term Loan is payable in 19 quarterly principal installments in increasing amounts with the remaining balance due on the maturity date of October 9, 2018. The commitments to make Revolving Loans expire, and all borrowings of Revolving Loans mature, on October 9, 2018. By written notice to the agent under the Restated Credit Agreement, Acxiom may request an increase of the aggregate amount of the Revolving Loans in an amount not to exceed $150,000,000. The Restated Credit Agreement is secured by the accounts receivable and certain proceeds thereof of Acxiom and its domestic subsidiaries, as well as by the outstanding stock of certain Acxiom subsidiaries. The Restated Credit Agreement contains customary representations, warranties, affirmative and negative covenants, default and acceleration provisions.

The Term Loan proceeds were used to refinance certain indebtedness of Acxiom, to pay certain bank fees related to the entering into of the Restated Credit Agreement, and for general corporate purposes. The Revolving Loans are available to finance the working capital needs of Acxiom and its subsidiaries and for general corporate purposes.

The foregoing description of the Restated Credit Agreement is qualified in its entirety by such agreement, a copy of which is attached hereto as Exhibit 10.1 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 disclosure included under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description

10.1 Fifth Amended and Restated Credit Agreement dated as of October 9, 2013 among Acxiom Corporation, a Delaware corporation, the lenders party thereto and JPMorgan Chase Bank, N.A.


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