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BASI > SEC Filings for BASI > Form 8-K on 5-Nov-2013All Recent SEC Filings

Show all filings for BIOANALYTICAL SYSTEMS INC

Form 8-K for BIOANALYTICAL SYSTEMS INC


5-Nov-2013

Entry into a Material Definitive Agreement


Item 1.01 Entry in a Material Definitive Agreement

On October 31, 2013, Bioanalytical Systems, Inc. (the "Company") and Regions Bank ("Regions") executed a Seventh Amendment ("Amendment") to its loan agreement with Regions. Regions agreed to extend the term loan maturity date to October 31, 2014. The unpaid principal on the notes will be incorporated into a replacement note that will bear interest at LIBOR plus 400 basis points (minimum of 6.0%) with monthly principal amortization.

The foregoing discussion of the Amendment is entirely qualified by reference to the text of the Amendment, which is attached as Exhibit 10.1, and incorporated herein by this reference.

On November 4, 2013, the Company issued a press release announcing the Amendment. The full text of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01 Exhibits

(d) Exhibits:

10.1 Seventh Amendment to Loan Agreement between Bioanalytical Systems, Inc. and Regions Bank, executed October 31, 2013.

99.1 Bioanalytical Systems, Inc. press release, issued November 4, 2013.

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