RE/MAX Holdings,Inc. (NYSE:RMAX) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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RE/MAX Holdings,Inc. (NYSE:RMAX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement

On December19, 2017, RE/MAX, LLC (“RE/MAX”) and RMCO, LLC (“RMCO”) entered into a Second Consent and Waiver (the “Consent”) with respect to the Amended and Restated Credit Agreement (the “Credit Agreement”), dated as of December15, 2016 among RE/MAX; RMCO; the several banks and other financial institutions or entities from time to time party thereto; and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement. In the Consent, the Administrative Agent and the Required Lenders agreed to extend the deadline under the Credit Agreement for RE/MAX to deliver certain documents until February28, 2018. The Administrative Agent and the Required Lenders further agreed to waive any Default or Event of Default that would result from the failure to deliver such documents by the original deadline.

The foregoing summary of the Consent does not purport to be complete and is qualified in its entirety by reference to the Consent, a copy of which is filed as Exhibit10.1 to this Current Report on Form8-K.

RE/MAX Holdings,Inc. is the sole manager of RMCO and RE/MAX is a wholly-owned subsidiary of RMCO.

Item 9.01. Financial Statements and Exhibits.


RE/MAX Holdings, Inc. Exhibit
EX-10.1 2 a17-28906_1ex10d1.htm EX-10.1 Exhibit 10.1   SECOND CONSENT AND WAIVER   SECOND CONSENT AND WAIVER,…
To view the full exhibit click here

About RE/MAX Holdings,Inc. (NYSE:RMAX)

RE/MAX Holdings, Inc. is a franchisor of real estate brokerage services. The Company is engaged in the business of recruiting and retaining agents, and selling franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of its owned and independent global franchising operations, and corporate-wide professional services expenses. The Brokerages segment contains the operations of its owned brokerage offices in the United States, the results of operations of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. Its franchisees operate under the RE/MAX brand name. In the United States and Canada, it owns over 10 of over 30 regional franchises, representing over 55% of its the United States and Canada agent count. The remaining over 20 regional franchises are Independent Regions.