GameStop Corp. (NYSE:GME) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry Into a Material Definitive Agreement.
On December 10, 2018, GameStop Corp. (the “Company”) entered into the Third Amendment to Second Amended and Restated Credit Agreement (the “Third Amendment”), which amends the Second Amended and Restated Credit Agreement (as amended through the date hereof, the “Credit Agreement”), dated as of March 25, 2014, by and among the Company, certain subsidiaries of the Company, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent.
The Third Amendment permits the sale by the Company to Prime Acquisition Company of all of the outstanding common stock of Spring Communications Holding, Inc. in accordance with the terms of that certain Equity Purchase Agreement, dated November 21, 2018, by and among Prime Communications, L.P., Prime Acquisition Company, Spring Communications Parent, Inc., Spring Communications Holding, Inc and the Company.
The Third Amendment permits the Company to incur Permitted Senior Debt (as defined in the Credit Agreement) with scheduled amortization up to fifteen percent (15%) per annum.
During any period when scheduled amortization on Permitted Senior Debt is in excess of five percent (5%) of the original principal amount of such debt per annum, the Third Amendment establishes a reserve on the borrowing base availability in an amount equal to fifty percent (50%) of the amount of the scheduled amortization of such Permitted Senior Debt for the four quarter period immediately following the date of determination.
The foregoing description is qualified in its entirety by reference to the full and complete terms contained in the Third Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by this reference.
Item 9.01Financial Statements and Exhibits.
Third Amendment to Second Amended and Restated Credit Agreement.
GameStop Corp. Exhibit
EX-10.1 2 exhibit101-thirdamendment.htm EXHIBIT 10.1 Exhibit Exhibit 10.1THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT Dated as of December 10,…
To view the full exhibit click
About GameStop Corp. (NYSE:GME)
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment. Each of the Video Game Brands segments consists of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software, and also sell certain mobile and consumer electronics products and collectible products. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.