DST SYSTEMS, INC. (NYSE:DST) Files An 8-K Termination of a Material Definitive AgreementItem 1.02.
On April 16, 2018, in connection with closing of the Merger, the Company repaid in full all outstanding loans, together with interest and all other amounts due in connection with such repayment, under that certain Credit Agreement dated as of October 1, 2014 (as amended by that certain First Amendment to Credit Agreement dated as of June 5, 2015 and by that certain Second Amendment to Credit Agreement dated as of November 14, 2017) among DST, the lenders identified therein and Bank of America, N.A., as administrative agent, line of credit issuer and swing line lender, and terminated all commitments thereunder.
to that certain Omnibus Termination Agreement entered into as of April 16, 2018, by and among the Company, certain subsidiaries of the Company, Fountain City Finance, LLC ("SPE") and Wells Fargo Bank, National Association ("Wells Fargo"), the parties thereto terminated that (i) certain Amended and Restated Receivables Purchase Agreement, dated as of May 15, 2014, as amended from time to time by and among the SPE, the Company, as Servicer, and Wells Fargo, (ii) certain Originator Purchase Agreement, dated as of May 21, 2009 as amended from time to time, by and among the Company and certain subsidiaries and (iii) certain Purchase and Contribution Agreement, dated as of May 21, 2009, as amended from time to time by and between the Company and the SPE.
| Item 1.02. | Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. |
The Company has delivered notices to the holders of notes outstanding under that certain Note Purchase Agreement, dated August 9, 2010, by and among the Company and the purchasers named therein, as amended by that certain First Amendment to Note Purchase Agreement dated as of November 14, 2017 and by that certain Second Amendment to Note Purchase Agreement dated as of November 14, 2017 and that certain Master Note Purchase Agreement, dated as of November 14, 2017, by and among the Company and the purchasers named therein, to which the Company intends to redeem any and all outstanding notes on May 1, 2018 in accordance with their terms.
About DST SYSTEMS, INC. (NYSE:DST)
DST Systems, Inc. (DST) is a provider of technology-based information processing and servicing solutions. The Company offers its solutions through unified data management, business processing and customer communications solutions to clients within the asset management, brokerage, retirement and healthcare markets. It operates in three segments: Financial Services, Healthcare Services and Customer Communications. Through the Financial Services segment, DST provides investor and asset distribution services to companies within the financial services industry. The Healthcare Services segment provides medical and pharmacy benefit solutions to aid information processing, quality of care, cost management and payment integrity needs. Within its Customer Communications segment, it offers integrated print, mail and electronic solutions. The Investments and Other segment constitutes of DST’s investments in equity securities, private equity investments, real estate and other financial interests.
