Harte Hanks,Inc. (NYSE:HHS) Files An 8-K Entry into a Material Definitive Agreement
Item1.01 Entry into a Material Definitive
Agreement.
On December13, 2016, Harte Hanks,Inc. (the Company), entered into
a Waiver and Third Amendment to Credit Agreement (the Credit
Agreement Amendment) with Wells Fargo Bank, N.A., as
Administrative Agent, which waived an event of default under and
amended certain provisions of the Companys Credit Agreement (the
Credit Agreement) dated March10, 2016 with Wells Fargo Bank,
N.A., as Administrative Agent. Among other matters, the Credit
Agreement Amendment (i)waived an event of default under the
Credit Agreement caused by the Companys failure to have a Fixed
Charge Coverage Ratio of at least 1.1:1.0 measured for the 12
month period ending October31, 2016 and (ii)amended the Credit
Agreement to increase the interest rate on all loans under the
Credit Agreement by one percentage point per annum effective
December1, 2016.
The foregoing description of the Credit Agreement Amendment is
subject to and qualified in its entirety by reference to the full
text of the Credit Agreement Amendment which is filed as
Exhibit10.1 hereto and is incorporated herein by reference.
Item2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
Please see the discussion in Item 1.01 above with respect to the
entry by the Company into the Waiver and Third Amendment to
Credit Agreement, which disclosures are incorporated into this
Item 2.03 by reference.
Item9.01 Financial Statements and
Exhibits.
(d) Exhibits. The following exhibit is being filed herewith.
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10.1 |
Waiver and Third Amendment to Credit Agreement dated |
About Harte Hanks, Inc. (NYSE:HHS)
Harte Hanks, Inc. is a multi-channel marketing company. The Company operates through two segments, which include Customer Interaction and Trillium Software. The Customer Interaction segment provides a range of integrated, multi-channel, data-driven solutions for a range of brands around the globe. The Trillium Software segment is engaged in providing enterprise data quality solutions. The Customer Interaction segment offers marketing services, in media from direct mail to e-mail, including agency and digital services; database marketing solutions and business-to-business lead generation; direct mail, and contact centers. Its range of technologies and services include global data profiling, data cleansing and data linking for e-business, Big Data, customer relationship management, data governance, enterprise resource planning, supply chain management, data warehouse and other enterprise applications. It delivers a range of marketing database solutions across various industries. Harte Hanks, Inc. (NYSE:HHS) Recent Trading Information
Harte Hanks, Inc. (NYSE:HHS) closed its last trading session down -0.03 at 1.43 with 118,356 shares trading hands.