MERIDIAN WASTE SOLUTIONS, INC. (OTCMKTS:MRDN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

As previously reported, effective February 15, 2017, (the
Restatement Date), Meridian Waste Solutions, Inc. (the
Company) closed an Amended and Restated Credit and
Guaranty Agreement (as amended by the First Amendment to Amended
and Restated Credit and Guaranty Agreement dated April 28, 2017,
the Credit Agreement) by and among the Company, Meridian
Waste Operations, Inc. (Operations), Here to Serve –
Missouri Waste Division, LLC (Missouri Waste), Here to
Serve – Georgia Waste Division, LLC (Georgia Waste),
Meridian Land Company, LLC (Meridian Land), Christian
Disposal, LLC (Christian Disposal), FWCD, LLC
(FWCD), The CFS Group, LLC (CFS), The CFS Disposal
Recycling Services, LLC (CFS Disposal), RWG5, LLC
(RWG5), Meridian Waste Missouri, LLC (Meridian
Missouri), and Meridian Innovations, LLC (Innovations
and together with the Company, Operations, Missouri Waste,
Georgia Waste, Meridian Land, Christian Disposal, FWCD, CFS, CFS
Disposal, RWG5, and Meridian Missouri, the Companies), and
certain subsidiaries of the Company, as Guarantors, the Lenders
party thereto from time to time and Goldman Sachs Specialty
Lending Group, L.P., as Administrative Agent, Collateral Agent,
and Lead Arranger. The Credit Agreement amended and restated the
Credit and Guaranty Agreement entered into as of December 22,
2015 (the Closing Date) by and among the Company, certain
of the Companies, and certain subsidiaries of the Company, as
Guarantors, the Lenders party thereto from time to time and
Goldman Sachs Specialty Lending Group, L.P., as Administrative
Agent, Collateral Agent, and Lead Arranger.

As previously reported, the Company, together with all other
parties to the Credit Agreement, entered into an Extension Letter
(the May Extension Letter) dated May 31, 2017.

On June 19, 2017, the Company, together with all other parties to
the Credit Agreement, entered into a new Extension Letter (the
June Extension Letter) effective as of June 9, 2017. to
the June Extension Letter, the Lenders and Goldman Sachs
Specialty Lending Group, L.P., as administrative agent agreed to
amend portions of the Credit Agreement as follows: (i) each
reference to May 31, 2017 found in paragraphs 1 and 2 of Section
C of the Credit Agreement is changed to June 30, 2017; (ii) the
Event of Default that has occurred and is occurring under Section
8.1(c) of the Credit Agreement due to the failure to deliver
financial statements for the month ending April 30, 2017 is
waived and the date for delivery of financial statements required
under Section 5.1(a) is extended from April 30, 2017 to June 30,
2017; (iii) the Event of Default that has occurred under Section
8.1(c) of the Credit Agreement due to the failure of Holdings to
maintain a Consolidated Liquidity of at least $1,000,000 as of
any date on or prior to March 31, 2017 is waived; (iv) the May
31, 2017 date for delivery of financial statements under Section
5.1(a) of the Credit Agreement is changed to June 30, 2017; and
(v) the definition of Consolidated Total Debt found in Section
1.1 of the Credit Agreement is amended to mean the aggregate
amount of all Indebtedness of Holdings and its Subsidiaries
determined on a consolidated basis; provided, that Indebtedness
with respect to leases of the Material Real Estate Assets
acquired in the WSI Acquisition, to the extent those leases are
classified as Capital Leases under GAAP, shall be excluded in the
calculation of Consolidated Total Debt. All other terms and
conditions of the Credit Agreement remain in full force and
effect.

The above description of the June Extension Letter does not
purport to be complete, and is qualified in its entirety by
reference to the full text of the June Extension Letter, which is
attached as an exhibit to this Current Report on Form 8-K and is
incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

* Filed herewith

Meridian Waste Solutions, Inc. Exhibit
EX-4.4 2 f8k061917ex4iv_meridian.htm EXTENSION LETTER,…
To view the full exhibit click here
About MERIDIAN WASTE SOLUTIONS, INC. (OTCMKTS:MRDN)

Meridian Waste Solutions, Inc., formerly Brooklyn Cheesecake & Desserts Company, Inc., is an integrated provider of non-hazardous solid waste collection, transfer and disposal services in Missouri. The Company is primarily in the business of residential and commercial waste hauling and has contracts with various cities and municipalities. As of September 30, 2016, the Company, through its subsidiaries, provides solid waste collection services to approximately 65,000 industrial, commercial and residential customers in the Metropolitan St. Louis, Missouri area. The Company operates through Here To Serve Missouri Waste Division, LLC (HTSMWD), Here To Serve Georgia Waste Division, LLC (HTSGWD), Meridian Land Company, LLC (MLC), and Christian Disposal, LLC and subsidiary (CD). In addition, it rents waste containers and provides collection services to construction, demolition and industrial sites.