RPX Corporation (NASDAQ:RPXC) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.
Effective as of December 21, 2017, RPX Corporation (the “Company”) has terminated that certain Credit Agreement (the “Credit Agreement”) entered into on February 26, 2016 among the Company, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto. There are no borrowings outstanding under the Credit Agreement, and all liens granted in connection with the Credit Agreement and other related loan documents have been released.
About RPX Corporation (NASDAQ:RPXC)
RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients. The Company then licenses these patent assets to its clients to protect them from patent infringement assertions. The Company also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from various parties, including operating companies, individual inventors, non-practicing entities (NPEs), universities and bankruptcy trustees. Clients can access this market intelligence and data through its Web portal and through discussions with its client relations team. The Company also offers insurance to cover certain costs of patent litigation.