CIVITAS SOLUTIONS, INC. (NYSE:CIVI) Files An 8-K Entry into a Material Definitive Agreement

CIVITAS SOLUTIONS, INC. (NYSE:CIVI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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On November21, 2017, National Mentor Holdings, Inc. (“NMHI”) and NMH Holdings, LLC (“NMHH”), wholly-owned subsidiaries of Civitas Solutions, Inc. (NYSE: CIVI) (the “Company”), and certain subsidiaries of NMHI, as guarantors (the “Guarantors”), entered into Amendment No.7 (the “Amendment No.7”) to the Credit Agreement dated as of January31, 2014 (as amended from time to time, the “Senior Credit Agreement”) by and among NMHI, NMHH, the Guarantors, Barclays Bank PLC, as administrative agent, and the other agents and lenders named therein. Amendment No.7 increased the aggregate revolving commitments under the Senior Credit Agreement from $120.0million to $160.0million and extended the maturity date for $90.0million of the revolving commitments (the “Extended Revolving Commitments”) to January31, 2021. The terms of the remaining $70.0million of the revolving commitments (the “Initial Revolving Commitments”), which mature on January31, 2019, remain unchanged. All of the other terms of the Extended Revolving Commitments are identical to the Initial Revolving Commitments, except that the applicable margin for the Extended Revolving Commitments will decrease by 0.25% per annum when the Initial Revolving Commitments are terminated or expire. As a result, after the Initial Revolving Commitments are terminated or expire, the applicable margin for revolving borrowings under the Extended Revolving Commitments that are designated as ABR borrowings will be 2.00%, and the applicable margin for revolving borrowings under the Extended Revolving Commitments that are designated as Eurodollar borrowings will be 3.00%.

Item 1.01. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 1.01.

Item 1.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description of Exhibit

10.1 Amendment No.7 to the to the Credit Agreement, dated as of November 21, 2017, among NMH Holdings, LLC, as parent guarantor, National Mentor Holdings, Inc. as borrower, certain subsidiaries of National Mentor Holdings, Inc. party thereto, as guarantors, the lenders party thereto and Barclays Bank PLC, as administrative agent.


Civitas Solutions, Inc. Exhibit
EX-10.1 2 d447202dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Execution Version AMENDMENT NO. 7 TO CREDIT AGREEMENT AMENDMENT NO. 7 TO REVOLVING CREDIT AGREEMENT,…
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About CIVITAS SOLUTIONS, INC. (NYSE:CIVI)

Civitas Solutions, Inc. is a provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS). The Human Services segment provides home- and community-based human services to individuals with intellectual and/or developmental disabilities (I/DD), youth with emotional, behavioral and/or medically complex challenges or at-risk youth (ARY), and elders. The SRS segment delivers healthcare and community-based health and human services to individuals having suffered acquired brain injury, spinal injuries, and other catastrophic injuries and illnesses. Within its SRS segment, its NeuroRestorative business unit is focused on rehabilitation and transitional living services, and its CareMeridian business unit is focused on the medically-intensive post-acute care services.

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