COMPUTER PROGRAMS AND SYSTEMS, INC. (NYSE:RTN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Delaware corporation (CPSI), as borrower, and certain
subsidiaries of CPSI, as guarantors (collectively, the
Subsidiary Guarantors), entered into a First Amendment
(the Amendment) in order to amend CPSIs existing Credit
Agreement, dated as of January 8, 2016 (the Credit
Agreement) by and among CPSI, the Subsidiary Guarantors,
certain lenders named therein, and Regions Bank, as
administrative agent and collateral agent.
order to increase the maximum consolidated leverage ratio that
must be maintained by CPSI from 3.00:1.0 to 3.50:1.0 for any
fiscal quarter ending during the period from October 1, 2016
through September 30, 2017; from 2.50:1.0 to 3.00:1.0 for any
fiscal quarter ending during the period from October 1, 2017
through September 30, 2018; and stepping down to 2.50:1.0 for any
fiscal quarter ending on or after October 1, 2018.
entirety by reference to the full text of the Amendment, a copy
of which is filed herewith as Exhibit 10.1 and incorporated
herein by reference.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
incorporated by reference into this Item 2.03.
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Exhibit Number
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Description
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10.1
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First Amendment, dated as of December 20, 2016, by and
among Computer Programs and Systems, Inc., certain of its subsidiaries, as guarantors, certain lenders named therein, and Regions Bank, as administrative agent and collateral agent. |
About COMPUTER PROGRAMS AND SYSTEMS, INC. (NYSE:RTN)
Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity. It operates in five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint. Its IDS’s product lines include Mission Systems and Sensors (MSS), and Integrated Air and Missile Defense (IAMD). Its IIS’s product lines include Cybersecurity and Special Missions (CSM), and Global Training Solutions (GTS). Its MS’s product lines include Air Warfare Systems (AWS), and Air and Missile Defense Systems (AMDS). Its SAS’s product lines include Intelligence, Surveillance and Reconnaissance Systems (ISRS), and Secure Sensor Solutions (SSS). COMPUTER PROGRAMS AND SYSTEMS, INC. (NYSE:RTN) Recent Trading Information
COMPUTER PROGRAMS AND SYSTEMS, INC. (NYSE:RTN) closed its last trading session down -0.01 at 143.30 with 893,211 shares trading hands.
