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PIKE > SEC Filings for PIKE > Form 8-K on 20-Dec-2013All Recent SEC Filings

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Form 8-K for PIKE CORP


20-Dec-2013

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


Item 1.01. Entry into a Material Definitive Agreement.

On December 17, 2013, Pike Corporation (the "Company") entered into a Second Amendment to Credit Agreement with Regions Bank, as administrative agent, the lenders party thereto, and certain subsidiaries of the Company as guarantors (the "Second Amendment"). The Second Amendment amends certain terms of the Company's Credit Agreement, dated as of August 24, 2011, with a syndicate of banks and other financial institutions, including Regions Bank, as a lender and as administrative agent and collateral agent, First Tennessee Bank, N.A., as a lender and as syndication agent, Compass Bank, as a lender and as co-syndication agent, SunTrust Bank, as a lender and as documentation agent, and Bank of America, N.A., as a lender and as co-documentation agent (as amended by that certain First Amendment to Credit Agreement and Limited Consent, dated as of November 4, 2013 (the "First Amendment"), the "Credit Agreement"). The Credit Agreement provides for a $275,000,000 secured revolving line of credit. Copies of the Credit Agreement and the First Amendment were attached as Exhibit 10.1 to the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on August 30, 2011 and November 6, 2013, respectively. The Second Amendment (i) restates the leverage covenant ratio in the Credit Agreement and
(ii) provides for a lender to be compensated if there is a change in law relating to "liquidity" that results in a reduction to the rate of return on such lender's capital as a consequence of the Credit Agreement.

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by the contents of such agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference herein.



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

The disclosure required by this Item and included in Item 1.01 is incorporated by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is filed in accordance with the provisions of Item 601 of Regulation S-K:

Exhibit No.       Exhibit Description

10.1              Second Amendment to Credit Agreement, dated as of December 17,
                  2013, among Pike Corporation, the guarantors party thereto,
                  Regions Bank, as administrative agent, and the lenders party
                  thereto


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