CIBER, Inc. (NYSE:CBR) Files An 8-K Entry into a Material Definitive Agreement

On December 30, 2016, Ciber, Inc. (the “Company”) entered into Amendment No. 9 (the “Amendment”), effective December 31, 2016, with Wells Fargo Bank NA, (“Wells Fargo”), the lender under the Company’s Asset Based Lending Facility. As previously disclosed, the Company and Wells Fargo agreed that the Company must receive a letter of intent by November 1, 2016, and, by December 31, 2016, close a potential refinancing, refinancing, or any merger, acquisition, joint venture, divestiture, or other disposition of some or all of the assets of the Company with aggregate proceeds of at least $25 million (the “Financial Transaction”). The Amendment provides for an extension of the dates by which the Company must receive a letter of intent to January 15, 2017 and close the Financial Transaction to January 31, 2017. The Amendment also provides, among other things, a limitation in the amount of intercompany advances the Company can make to fund the working capital needs of its international operations. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, to be filed as an exhibit to the Company’s Annual Report on Form 10-K.

About CIBER, Inc. (NYSE:CBR)
Ciber, Inc. (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS). It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes. CIBER, Inc. (NYSE:CBR) Recent Trading Information
CIBER, Inc. (NYSE:CBR) closed its last trading session down -0.057 at 0.632 with 2,479,411 shares trading hands.