Asure Software, Inc. (NASDAQ:ASUR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On December 31, 2019, we entered into a third amended and restated credit agreement (the “Third Restated Credit Agreement”) with Wells Fargo Bank, National Association, as agent and lender, amending and restating the terms of the Second Amended and Restated Credit Agreement dated as of March 29, 2018.
The Third Restated Credit Agreement provides for $20,000,000 in term loans and a $10,000,000 revolver.
The Third Restated Credit Agreement amends the applicable margin rates for determining the interest rate payable on the loans as follows:
The outstanding principal amount of the term loan is payable as follows:
| 10.1 | Third Amended and Restated Credit Agreement, dated as of December 31, 2019, by the lenders identified on the pages thereto, Wells Fargo Bank, National Association, as administrative agent, and Asure Software, Inc.* |
| * | Schedules and similar attachments to the agreement have been omitted to Item 601(b)(2) of Regulation S-K. Asure agrees to furnish supplementally a copy of all omitted schedules and similar attachments to the SEC upon its request. |
ASURE SOFTWARE INC Exhibit
EX-10.1 2 tm1928414d1_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 THIRD AMENDED AND RESTATED CREDIT AGREEMENT by and among WELLS FARGO BANK,…
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About Asure Software, Inc. (NASDAQ:ASUR)
Asure Software, Inc. is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces. Its SaaS-based offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet-based time clocks, time clocks, touch panels for room scheduling and workplace business intelligence (BI) analytics. It offers approximately two product lines, including AsureSpace and AsureForce. Its AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. Its AsureForce time and labor management solutions help organizations to manage labor and labor administration costs and activities.
