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


CIBER, Inc. (NYSE:CBR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

On December 1, 2016, Ciber, Inc. (the “Company”) obtained a consent (the “Consent”) from Wells Fargo Bank NA, (“Wells Fargo”), the lender under the Company’s Asset Based Lending Facility. The impact of the Consent is to reduce the availability block to provide additional liquidity of approximately $3.0 million on December 1, 2016 and of approximately $2.5 million from December 2, 2016 through and including December 8, 2016.
The foregoing description of the Consent is qualified in its entirety by reference to the Consent, 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 up +0.017 at 0.833 with 113,830 shares trading hands.