ACXIOM CORPORATION (NASDAQ:ACXM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June 20, 2017, Acxiom Corporation, a Delaware corporation
(“Acxiom“), entered into a Sixth Amended and Restated
Credit Agreement (the “Restated Credit
Agreement“) with JPMorgan Chase Bank, N.A., as the agent,
and other lenders party thereto. The Restated Credit Agreement
amends, restates and supersedes the Fifth Amended and Restated
Credit Agreement dated as of October 9, 2013, as amended, among
Acxiom, JPMorgan Chase Bank, N. A., as the agent, and other
lenders party thereto.
Under the terms and conditions of the Restated Credit Agreement,
the lenders commit to make revolving loans and to acquire
participations in letters of credit (the “Revolving
Loans“) in an aggregate amount of $600,000,000. The
commitments to make Revolving Loans expire, and all borrowings of
Revolving Loans mature, on June 20, 2022. By written notice to
the agent under the Restated Credit Agreement, Acxiom may request
an increase of the aggregate amount of the Revolving Loans in an
amount not to exceed $150,000,000. The Restated Credit Agreement
is secured by the accounts receivable and certain proceeds
thereof of Acxiom and its domestic subsidiaries, as well as by
the outstanding stock of certain Acxiom subsidiaries. The
Restated Credit Agreement contains customary representations,
warranties, affirmative and negative covenants, default and
acceleration provisions.
An initial draw under the Revolving Loans was used to refinance
certain indebtedness of Acxiom and to pay certain bank and other
fees related to the entering into of the Restated Credit
Agreement. The remaining capacity under the Revolving Loans is
available to finance the working capital needs of Acxiom and its
subsidiaries and for general corporate purposes.
The foregoing description of the Restated Credit Agreement is
qualified in its entirety by such agreement, a copy of which is
attached hereto as Exhibit 10.1 and incorporated herein by
reference. Item 2.03 Creation of a Direct Financial Obligation or
an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01 |
Financial Statements and Exhibits. |
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Exhibit No. |
Description |
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10.1 |
Sixth Amended and Restated Credit Agreement dated as of June 20, 2017 among Acxiom Corporation, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Wells Fargo Bank, National Association, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and BBVA Compass, as Syndication Agents, and Bank of Montreal, Capital One, National Association and PNC Bank, National Association, as Co-Documentation Agents |
ACXIOM CORP ExhibitEX-10.1 2 ex10-1.htm EXHIBIT 10.1 SIXTH AMENDED AND RESTATED CREDIT AGREEMENT Exhibit 10.1 SIXTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 20,…To view the full exhibit click here About ACXIOM CORPORATION (NASDAQ:ACXM)
Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages. The Connectivity segment activates data and makes it portable across the open marketing ecosystem. The Company serves a global client base from locations in the United States, Europe and the Asia-Pacific region. The Company’s client base includes organizations in these regions across industry verticals, including financial, insurance and investment services, automotive, retail, telecommunications, healthcare, travel, entertainment, non-profit and government.