CSRA INC. (NYSE:CSRA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
First Amendment to Credit Agreement (the First Amendment) to the
Credit Agreement, dated as of November 27, 2015 (as amended,
restated, amended and restated, supplemented or otherwise
modified thereafter in accordance with the terms thereof, the
Credit Agreement), with The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
as pro rata administrative agent, Royal Bank of Canada, as term
loan B administrative agent, MUFG Union Bank, N.A., as collateral
agent, and the guarantors and lenders party thereto.
revolving facility under the Credit Agreement were extended by
one year. The credit facilities, as amended by the First
Amendment, provide for (a) a reduction in the margin over indexed
interest rates on the Term Loan B Facility (as defined under the
First Amendment) of 50 basis points to LIBOR plus>2.50%, (b) a
reduction of $230,000,000 in the unpaid principal balance of the
Term Loan B Facility to a total of $466,328,382 and an increase
in the unpaid principal balance of the Tranche A2 Facility (as
defined under the First Amendment) by $234,375,000 to a total of
$1,630,000,000, and (c) changes to certain existing debt
covenants, and terms and conditions to provide greater
operational and financial flexibility to the Company.
complete and is qualified in its entirety by reference to the
full text of the First Amendment, which is attached as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated
herein by reference to this Item 1.01.
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Exhibit No.
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Description
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10.1
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First Amendment to Credit Agreement, dated as of
November 30, 2016, by and among CSRA Inc. The Bank of Tokyo-Mitsubishi UFJ, Ltd., in its capacity as administrative agent under the Pro Rata Facilities (as defined thereunder), Royal Bank of Canada, in its capacity as administrative agent under the Term Loan B Facility, MUFG Union Bank, N.A., in its capacity as collateral agent, and the guarantors and lenders party thereto. |
About CSRA INC. (NYSE:CSRA)
CSRA Inc. is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies. The Civil segment provides services to various federal agencies within the Department of Homeland Security (the DHS), Department of Health and Human services, and other federal civil agencies, as well as various state and local government agencies. It supplies civil government agencies with mission information systems and associated technical support services. It provides its customers with technical services across service areas, including Digital Services, Enterprise Business Services, Digital Platforms, Cyber, Data Science, and Professional and Citizen Services. It has conducted operations in over 130 locations. CSRA INC. (NYSE:CSRA) Recent Trading Information
CSRA INC. (NYSE:CSRA) closed its last trading session down -0.44 at 32.01 with 1,568,855 shares trading hands.
