CSRA INC. (NYSE:CSRA) Files An 8-K Other Events
Item 8.01 Other Events.
Amendment to Credit Agreement (the Second Amendment), which
amended the Credit Agreement, dated as of November 27, 2015 (as
amended by the First Amendment to Credit Agreement, dated as of
November 30, 2016 and as further amended, restated, supplemented,
or otherwise modified thereafter, 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.
provide for (a) a reduction of 50 basis points in the margin over
indexed interest rates on the Term Loan B Facility (as defined
under the Credit Agreement), to LIBOR plus>2.00% on
Eurocurrency Rate Advances, and (b) an increase of $183,671,619
in the unpaid principal balance of the Term Loan B Facility to a
total of $650,000,000. The additional borrowings under the Term
Loan B Facility were immediately applied to repay $180,640,288 of
the unpaid principal balance of the Term Loan A1 Facility under
the Credit Agreement (as defined therein), to pay accrued and
unpaid interest on amounts repaid on the Term Loan A1 Facility
and on the Term Loan B Facility, and to pay fees and expenses
incurred in connection with the transaction. As amended, the
Credit Agreement provides for quarterly payments of principal on
the Term Loan B Facility of $500,000 commencing September 30,
2017 through December 31, 2022 and quarterly payments of
principal thereafter of $2,375,000 (subject to reduction for any
mandatory or voluntary prepayments) until the maturity date of
the Term Loan B Facility.
purport to be complete and is qualified in its entirety by
reference to the full text of the Second 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 8.01.
|
Exhibit No.
|
Description
|
|
|
10.1
|
Second Amendment to Credit Agreement, dated as of June
15, 2017, 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.
