On March 28, 2017, Ciber, Inc. (the “Company”) entered into Amendment No. 14 (“Amendment No. 14”) 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. 14 permits an overadvance under the Credit Facility of $12.3 million through and including March 31, 2017, which, prior to Amendment No. 14, was a permitted overadvance of $12.3 million through and including March 26, 2017. Capitalized terms used but not otherwise defined in this Current Report on Form 8-K shall have the meanings given them in Amendment No. 14, or the Credit Facility, as applicable. The foregoing description of Amendment No. 14 is qualified in its entirety by reference to Amendment No. 14, to be filed as an exhibit to the Company’s next Annual Report on Form 10-K.

Item 8.01. Other Events.

Closing of Infor (US), Inc. Transaction

On March 31, 2017, the Company closed the transaction contemplated by the Asset Purchase Agreement dated March 20, 2017, by and between the Company and Infor (US), Inc., which was described in the Company’s Current Report on Form 8-K filed with the SEC on March 21, 2017. In connection with the closing, Infor (US), Inc. waived the condition for the refinancing of the Company’s indebtedness.

Termination of European Receivables Facility

On March 31, 2017, the Company terminated the receivables facility the Company’s European subsidiaries had with Faunus Group International, Inc. See the Company’s Current Report on Form 8-K, filed with the SEC on November 2, 2016, for more information on the receivables facility.

Update on Ciber AG

On March 30, 2017, Ciber AG (“Ciber Germany”) filed an insolvency proceeding in Cologne, Germany. As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on February 3, 2017, the Company entered into an agreement to sell all of the outstanding shares of Ciber Germany to Allgeier SE (“Allgeier”) on the terms described in that Form 8-K. The insolvency proceeding is a “material adverse event” under the agreement, which permits Allgeier to terminate the agreement. The Company has not received notice from Allgeier regarding termination of the agreement. If Allgeier remains interested in acquiring the assets of Ciber Germany, it must follow the process established in connection with the insolvency proceeding.

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 -0.028 at 0.372 with 3,710,456 shares trading hands.