RigNet, Inc. (NASDAQ:RNET) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement. |
On December16, 2016, RigNet, Inc. (the Company) entered into a
second amendment (the Second Amendment) to its existing Second
Amended and Restated Credit Agreement, dated October3, 2013 (as
amended by that certain First Amendment to the Second Amended and
Restated Credit Agreement dated February24, 2016, and as may be
further amended, restated or supplemented, the Credit Agreement)
with Bank of America, N.A., as administrative agent, and the
lenders party thereto.
The Second Amendment allows for the Companys voluntary reduction
of its revolving commitments from an aggregate amount of $125
million to an aggregate amount of $75 million and also amends
certain of the definitions contained in the Credit Agreement.
The foregoing description of the Second Amendment does not
purport to be complete and is subject to and qualified in its
entirety by reference to the Second Amendment, a copy of which is
filed as an exhibit to this Current Report on Form 8-K and is
incorporated by reference herein.
| Item9.01 | Financial Statements and Exhibits |
(c) Exhibits. The following is furnished as an exhibit to this
Current Report on Form 8-K:
|
Exhibit Number |
Exhibit Description |
|
| 10.1 |
Second Amendment to Second Amended and Restated Credit Agreement dated December 16, 2016 |
About RigNet, Inc. (NASDAQ:RNET)
RigNet, Inc. (RigNet) is a provider of digital technology solutions to the oil and gas industry. The Company provides managed remote communications, managed services and collaborative applications, focusing on offshore and onshore drilling rigs, energy production facilities, and energy maritime. The Company operates through three segments: Eastern Hemisphere, Western Hemisphere and RigNet Systems Integration and Automation. The Company’s Eastern Hemisphere segment provides remote communications services for customers and rig sites located on the eastern side of the Atlantic Ocean. The Company’s Western Hemisphere segment provides remote communications services for onshore and offshore customers and rig sites located on the western side of the Atlantic Ocean. The Company’s RigNet Systems Integration and Automation segment designs, assembles, installs and commissions solutions for customer telecommunications systems. RigNet, Inc. (NASDAQ:RNET) Recent Trading Information
RigNet, Inc. (NASDAQ:RNET) closed its last trading session down -0.60 at 22.00 with 68,511 shares trading hands.
