PCM, Inc. (NASDAQ:PCMI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
| Entry Into a Material Definitive Agreement. |
On February 24, 2017, PCM, Inc. (PCM or Company), certain of its
wholly-owned domestic subsidiaries (collectively, the US
Borrowers) and certain of its Canadian subsidiaries
(collectively, the Canadian Borrowers) entered into a Second
Amendment to Fourth Amended and Restated Loan and Security
Agreement (the Amendment) with certain lenders named therein (the
Lenders) and Wells Fargo Capital Finance, LLC as administrative
and collateral agent for the Lenders (the Agent).
The Amendment provides for, among other things: (i) an increase
in the Maximum Credit, as defined in the Amendment, from
$290,000,000 to $345,000,000; and (ii) an extension of the
Maturity Date from March 19, 2019 to March 19, 2021.
The foregoing description of the Amendment is qualified in its
entirety by reference to the full text of the Amendment, a copy
of which is filed as Exhibit 10.1 hereto and is incorporated into
this report by this reference.
| Item 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item 1.01 is incorporated by
reference into this Item 2.03.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 10.1 |
Second Amendment to Fourth Amended and Restated Loan and Security Agreement, dated as of February 24, 2017, by and among PCM, Inc., certain of its wholly-owned domestic and certain of its Canadian subsidiaries, certain lenders and Wells Fargo Capital Finance, LLC. |
About PCM, Inc. (NASDAQ:PCMI)
PCM, Inc. is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other. The Commercial segment sells complex products, services and solutions to commercial businesses in the United States. The Public Sector segment consists of sales made primarily to federal, state and local governments, as well as educational institutions. The MacMall segment consists of sales made through telephone and the Internet to consumers, small businesses and creative professionals. The Canada segment consists of sales made to customers in the Canadian market. The Company sells its products primarily to customers in the United States and Canada, and maintains offices throughout the United States and Canada, as well as in Montreal, Canada and Manila, Philippines. PCM, Inc. (NASDAQ:PCMI) Recent Trading Information
PCM, Inc. (NASDAQ:PCMI) closed its last trading session up +0.10 at 28.60 with 231,086 shares trading hands.
