SAEXPLORATION HOLDINGS, INC. (NASDAQ:SAEX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
| • | negative events or publicity associated with the Company’s restructuring and recapitalization transactions could adversely affect our relationships with our suppliers, service providers, customers, employees, and other third parties, which in turn could adversely affect our operations and financial condition; |
| • | the ability to negotiate the definitive documentation with respect to the restructuring transactions or to do so effectively; |
| • | the negative consequences if the Company is unsuccessful in achieving a successful restructuring transaction; |
| • | the negative consequences if the Company is successful in achieving a restructuring transaction, including the possibility of significant dilution to the Company’s existing stockholders; |
| • | developments with respect to the Alaskan oil and natural gas exploration tax credit system that may continue to affect the willingness of third parties to participate in financing and monetization transactions and the Company’s ability to timely monetize tax credits that have been assigned to it by its customer; |
| • | changes in the Alaskan oil and natural gas exploration tax credit system that may significantly affect the level of Alaskan exploration spending; |
| • | fluctuations in the levels of exploration and development activity in the oil and natural gas industry; |
| • | intense industry competition; |
| • | limited number of customers; |
| • | credit and delayed payment risks related to the Company’s customers; |
| • | the availability of liquidity and capital resources, including the Company’s ability to make capital expenditures due to its current liquidity and cash flow situation and the potential impact this has on the Company’s business and competitiveness; |
| • | need to manage rapid growth and contraction of the Company’s business; |
| • | delays, reductions or cancellations of service contracts; |
| • | operational disruptions due to seasonality, weather and other external factors; |
| • | crew availability and productivity; |
| • | whether the Company enters into turnkey or term contracts; |
| • | high fixed costs of operations; |
| • | substantial international business exposing the Company to currency fluctuations and global factors, including economic, political and military uncertainties; |
| • | ability to retain key executives; and |
| • | need to comply with diverse and complex laws and regulations. |
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Exhibit No. |
Description |
| 10.1 | Amendment No.1 to First Amended and Restated Credit and Security Agreement, dated as of December 21, 2017, among SAExploration, Inc., as Borrower, the Guarantors party thereto, the Lenders party thereto, and Cantor Fitzgerald Securities, as Agent. |
| 99.1 | Press Release dated December22, 2017 |
SAExploration Holdings, Inc. ExhibitEX-10.1 2 d493840dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT This AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT (this “Amendment”) dated as of December 21,…To view the full exhibit click here
