Rocket Fuel Inc. (NASDAQ:FUEL) Files An 8-K Entry into a Material Definitive Agreement

Rocket Fuel Inc. (NASDAQ:FUEL) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 Entry into a Material Definitive Agreement.

On February 14, 2017, Rocket Fuel Inc. (the Company) entered into
the Sixth Amendment (the Sixth Amendment) to its Second Amended
and Restated Revolving Credit and Term Loan Agreement with
certain lenders party thereto and Comerica Bank, as
administrative agent, as amended from time to time. The Sixth
Amendment provided for, among other things, (i) extending the
revolving credit maturity date by one year to December 31, 2018,
(ii) amending the definition of EBITDA to permit the addback of
restructuring charges incurred during the first two quarters of
fiscal year 2017, (iii) amending the minimum EBITDA financial
covenant, (iv) increasing the minimum liquidity ratio financial
covenant, (v) decreasing the limit for debt under capital leases
in the debt covenant, (vi) reducing the amount of permitted
capital expenditures per fiscal year and eliminating the ability
to carry forward unutilized amounts to the next fiscal year, and
(vi) amending the interest rates.
The foregoing description of the Sixth Amendment is qualified in
its entirety by reference to the complete copy of the Sixth
Amendment, which is filed as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated under this Item 1.01 by
reference.
Item 2.02. Results of Operations and Financial Condition.
On February 21, 2017, the Company issued a press release
announcing its financial results for the three and twelve months
ended December 31, 2016. The press release includes a discussion
of certain non-GAAP financial measures as well as a
reconciliation of such non-GAAP financial measures to the
corresponding GAAP financial measures.
A copy of the press release is furnished herewith as Exhibit 99.1
and is incorporated under this Item 2.02 by reference.
The information set forth under this Item 2.02, including Exhibit
99.1, shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as expressly
set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1
Sixth Amendment, dated as of February 14, 2017, to
Second Amended and Restated Revolving Credit and Term
Loan Agreement, dated as of December 31, 2014, as
amended by that certain First Amendment thereto, dated
as of March 13, 2015, as further amended by that
certain Second Amendment thereto, dated as of March 10,
2016, as further amended by that certain Third
Amendment thereto, dated as of June 21, 2016, as
further amended by that certain Fourth Amendment
thereto, dated as of September 15, 2016, and further
amended by that certain Fifth Amendment thereto, dated
as of December 29, 2016, by and among the Company, the
lenders party thereto and Comerica Bank, as
administrative agent for the lenders.
99.1
Press release announcing financial results dated
February 21, 2017.


About Rocket Fuel Inc. (NASDAQ:FUEL)

Rocket Fuel Inc. is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with consumers through digital media. The Company’s service offerings are organized around platforms, including Data Management Platform (DMP) and Demand Side Platform (DSP), which are used by customers themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform. The integrated platform is designed to deliver and optimize media spend to engage, upsell and retarget consumers across addressable channels, including display, mobile and video, and across addressable devices, such as tablets, set top boxes, television and mobile phones. It offers Programmatic Marketing Platform as a managed service, which it operate on behalf of its customers, and as a self-service platform operated by its customers or their agencies directly.

Rocket Fuel Inc. (NASDAQ:FUEL) Recent Trading Information

Rocket Fuel Inc. (NASDAQ:FUEL) closed its last trading session up +0.08 at 2.55 with 220,340 shares trading hands.

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