PROS Holdings, Inc. (NYSE:PRO) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k

8 years ago

PROS Holdings, Inc. (NYSE:PRO) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On January 27, 2017, PROS Holdings, Inc., through its wholly owned
subsidiary PROS, Inc. (the Company), entered into that certain
Seventh Amendment (the Amendment) to the Credit Agreement, dated as
of July 2, 2012 (the Credit Agreement), among the Company as
Borrower, the lenders from time to time parties thereto, and Wells
Fargo Bank, National Association, as administrative agent for the
lenders.

The Amendment provides for, among other things, an extension of the
maturity date of the Credit Agreement to July 2, 2022, and
additional financial covenants with which the Company must comply
if the Company’s liquidity falls below an amended amount of $50.0
million or upon the occurrence of an Event of Default.

As of the date hereof, there were no outstanding borrowings under
the Credit Agreement.

The above description of the Amendment is a summary and is
qualified in its entirety by the full text of the Amendment, a copy
of which is attached as Exhibit 10.1 to this Current Report on Form
8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibit is filed herewith:



Exhibit No.		Description
10.1		Seventh Amendment to Credit Agreement, dated January 27, 2017, between PROS, Inc. and Wells Fargo Bank, National Association

About PROS Holdings, Inc. (NYSE:PRO)
PROS Holdings, Inc. provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel. In addition, the Company provides product maintenance and support to its customers to receive unspecified upgrades, maintenance releases and bug fixes during the term of the support period on a when-and-if-available basis. Its SellingPRO solutions include editions, such as SellingPRO Deal Desk, SellingPRO Smart CPQ and SellingPRO eCommerce. The Company offers revenue management solutions as integrated software solutions. It provides software-related professional services, including implementation and configuration services, consulting and training. PROS Holdings, Inc. (NYSE:PRO) Recent Trading Information
PROS Holdings, Inc. (NYSE:PRO) closed its last trading session 00.00 at 21.89 with 73,253 shares trading hands.