AVIAT NETWORKS, INC. (NASDAQ:AVNW) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Amendment No. 7 to Second Amended and Restated Loan Agreement
(the Amendment) by and among the Company, Aviat U.S., Inc. (Opco,
together with the Company, the “US Borrowers”) and Aviat Networks
(S) Pte. Ltd. (the Singapore Borrower, and together with the US
Borrowers, the Borrowers) and Silicon Valley Bank, as lender (the
Lender). The Amendment amends the terms of the Companys Second
Amended and Restated Loan and Security Agreement, dated as of
March 28, 2014, as amended, by and among the Borrowers and the
Lender (the the Agreement). Among other things, the Amendment (1)
excludes certain guarantee, indemnity or similar agreements, from
the borrowing base calculations under the Agreement and (2)
extends the effective date to July 15, 2017 for the requirement
that the Company obtain credit insurance on the receivables of
the Singapore Borrower to be included in the borrowing base under
the Agreement.
entirety by reference to the full text of the Amendment, a copy
of which is attached as Exhibit 10.1 hereto and incorporated
herein by reference.
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10.1
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Amendment No. 7 to Second Amended and Restated Loan and
Security Agreement, dated as of June 28, 2017, by and among Aviat Networks, Inc., Aviat U.S., Inc., Aviat Networks (S) Pte. Ltd. and Silicon Valley Bank. |
AVIAT NETWORKS, INC. ExhibitEX-10 2 exhibit101_no7amendmenttos.htm EXHIBIT 10.1 AGREEMENT Exhibit 10.1_No. 7 Amendment to SVB Second Amended and Restated Agreement Execution VersionAMENDMENT NO. 7TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTThis Amendment No. 7 to the Second Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into this 28th day of June ,…To view the full exhibit click here About AVIAT NETWORKS, INC. (NASDAQ:AVNW)
Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software. In addition, it provides a range of professional services enabling it to deliver turnkey networks, including design, deployment, maintenance and managed services. It designs, manufactures and sells a range of wireless networking products, solutions and services to mobile and fixed public network operators, private network operators, Federal, State and Local government agencies, transportation, energy and utility companies, public safety agencies and broadcast network operators around the world. The Company sells products and services directly to its customers and also use agents and resellers.
