Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
USAT > SEC Filings for USAT > Form 8-K on 26-Jun-2014All Recent SEC Filings

Show all filings for USA TECHNOLOGIES INC



Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement

On June 20, 2014, USA Technologies, Inc. (the "Company") and Avidbank Corporate Finance, a division of Avidbank, entered into a Seventh Amendment (the "Seventh Amendment") to the Loan and Security Agreement dated as of June 21, 2012, as amended by a First Amendment thereto dated as of January 1, 2013, a Second Amendment thereto dated as of April 2, 2013, a Third Amendment thereto dated as of April 11, 2013, a Fourth Amendment thereto dated as of April 29, 2013, a Fifth Amendment thereto dated as of September 26, 2013, and a Sixth Amendment thereto dated as of May 15, 2014 (collectively, the "Loan Agreement").

The Loan Agreement provides for a secured asset-based revolving line of credit facility (the "Line of Credit"). The Seventh Amendment increases the aggregate amount available to the Company under the Line of Credit from up to $5.0 million to up to $7.0 million, and extends the maturity date of the Line of Credit for an additional twelve months, or until June 21, 2015. The Seventh Amendment also provides that the Company must achieve a minimum Adjusted EBITDA (as defined and as specified therein) during each quarter of the Company's fiscal year ending June 30, 2015.

  Add USAT to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for USAT - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.