COLLECTORS UNIVERSE, INC. (NASDAQ:CLCT) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance SheetArrangement of a Registrant
As described in Item 2.03 above in this Current Report, the Company has obtained a obtained a five-year, $3.5million unsecured term loan from CB&T on the terms and subject to the conditions set forth in the Loan Agreement and Promissory Note referenced above. Reference is hereby made to, and there is hereby incorporated into this Item 2.03, the information contained in Item 2.03 of this Report regarding the Term Loan and the Loan Agreement and Promissory Note, which is qualified in its entirety by reference to Exhibits 10.98 and 10.99 hereto.
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Item 2.03 |
Regulation FD Disclosure |
On September20, 2017, the Company issued a press release reported that it has obtained the above-described Term Loan and, in connection therewith, had entered into the above-referenced Term Loan Agreement and Promissory Note with CB&T. A copy of that press release is attached as Exhibit99.1 to this Current Report.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.03 of this Report, and Exhibit99.1 hereto, are being furnished and shall not be deemed "filed" for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information or such Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”).
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Item 2.03 |
Financial Statements and Exhibits. |
(d)Exhibits.
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Exhibit No. |
Description |
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10.98 |
Business Loan Agreement and related Addendum(the “Loan Agreement”) entered into September15, 2017 by the Company and ZB N.A., dba California Bank & Trust (“CB&T”). |
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10.99 |
Promissory Note and related Addendum (the "Promissory Note"), dated September15, 2017, entered into by the Company to the Business Loan Agreement attached as Exhibit 10.98. |
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99.1 |
Press release issued September18, 2017by Collectors Universe, Inc. reporting that it had obtained, on September15, 2017, a five -year $3.5million term loan from ZB,N.A. dba California Bank & Trust. |
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
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COLLECTORS UNIVERSE, INC. |
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Dated: September20, 2017 |
By: |
/s/ JOSEPH J. WALLACE |
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Joseph J. Wallace, Chief Financial Officer |
EXHIBIT INDEX
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Exhibit No. |
Description |
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10.98 |
Business Loan Agreement and related Addendum (the “Loan Agreement”) entered into September15, 2017 by the Company and ZB N.A., dba California Bank & Trust (“CB&T”). |
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10.99 |
Promissory Note and related Addendum (the "Promissory Note"), dated September15, 2017, entered into by the Company COLLECTORS UNIVERSE INC ExhibitEX-10.98 2 ex10-98.htm EXHIBIT 10.98 ex10-98.htm Exhibit 10.98 BUSINESS LOAN AGREEMENT Borrower: Collectors Universe,…To view the full exhibit click |