CIBER, Inc. (NYSE:CBR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
CIBER, Inc. (NYSE:CBR) Files An 8-K Entry into a Material Definitive Agreement
On March 9, 2017, Ciber, Inc. (the “Company”) entered into Waiver and Amendment No. 12 (“Amendment No. 12”) with Wells Fargo Bank NA, (“Wells Fargo”), the lender under the Company’s Asset Based Lending Facility, as amended from time to time (the “Credit Facility”). Amendment No. 12 limits borrowings under the Credit Facility to the lesser of 50% of the forecasted figure in the 13-week cash forecast required under the Credit Facility and $32.5 million. Amendment No. 12 also permits an overadvance under the Credit Facility of $7.0 million through and including March 22, 2017 and provides for a $1.0 million increase on the cap on the limitation in the amount of intercompany advances the Company can make to fund the working capital needs of its international operations. Capitalized terms used but not otherwise defined in this Current Report on Form 8-K shall have the meanings given them in Amendment No. 12, or the Credit Facility, as applicable. The foregoing description of Amendment No. 12 is qualified in its entirety by reference to Amendment No. 12, to be filed as an exhibit to the Company’s next 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 -0.006 at 0.525 with 2,314,153 shares trading hands.
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 -0.006 at 0.525 with 2,314,153 shares trading hands.
