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SCSS > SEC Filings for SCSS > Form 8-K on 18-Oct-2013All Recent SEC Filings

Show all filings for SELECT COMFORT CORP

Form 8-K for SELECT COMFORT CORP


18-Oct-2013

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


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Amendment to Credit Agreement
On October 15, 2013, Select Comfort Corporation (the "Company") entered into an Amendment of the Credit Agreement (the "Amendment") with Wells Fargo Bank, National Association, as Administrative Agent, Lender and Letter of Credit Issuer, with respect to that certain Credit Agreement, dated as of March 26, 2010, among the same parties.
The primary purpose of the Amendment is to extend the maturity date of the credit facility under the Credit Agreement from April 23, 2015 to August 31, 2016.
The Amendment maintains the amount available under the credit facility at $20 million for working capital and general corporate purposes but decreases the letter of credit sublimit, or the amount of the credit facility available for issuances of letters of credit, from $10 million to $5 million.
At the present time, no amount is drawn on the credit facility and no letters of credit have been issued under the letter of credit sublimit.
The foregoing description of the Amendment is qualified in its entirety by reference to the complete terms of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K 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 required by this Item 2.03 is set forth under the heading "Amendment of Credit Agreement" in Item 1.01 of this Current Report on Form 8-K, which is incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
10.1               Amendment to Credit Agreement, dated October 15, 2013, by and
                   among Select Comfort Corporation and Wells Fargo Bank,
                   National Association


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