ScanSource, Inc. (NASDAQ:SCSC) Files An 8-K Entry into a Material Definitive Agreement


ScanSource, Inc. (NASDAQ:SCSC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry Into a Material Agreement.

On August8, 2017, ScanSource, Inc., together with certain of its subsidiaries, entered into an Amendment (the “Amendment”) to its Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as Administrative Agent, and certain lenders named therein (the “Agreement”).

The Amendment increased the committed amount of its multi-currency senior secured revolving credit facility from $300 million to $400 million. Under the amended facility, ScanSource may continue to request to increase its borrowings by up to an additional $200 million, for a total of $600 million, subject to obtaining additional credit commitments from the lenders participating in the increase. The Amendment also modifies various administrative and regulatory provisions.

The foregoing description is qualified by reference to the full and complete terms of the Agreement as amended by the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 1.01. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosures set forth under Item 1.01 are incorporated herein by reference into this Item 1.01.

Item 1.01. Financial Statements and Exhibits.



10.1 Amendment to Amended and Restated Credit Agreement

EX-10.1 2 d411465dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION       AMENDMENT NO. 4 DATED AS OF AUGUST 8,…
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About ScanSource, Inc. (NASDAQ:SCSC)

ScanSource, Inc. is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services. The Barcode & Security distribution segment focuses on automatic identification and data capture (AIDC), POS, electronic physical security and three dimensional (3D) printing technologies. The Communications & Services distribution segment focuses on communications technologies and services. As of June 30, 2016, the Company marketed over 100,000 products from approximately 400 hardware and software vendors to approximately 35,000 reseller customers from distribution centers in Mississippi, Virginia, Florida, Mexico, Colombia, Brazil, Belgium, France, Germany and the United Kingdom.