Tremor Video,Inc. (NYSE:TRMR) Files An 8-K Entry into a Material Definitive Agreement

Tremor Video,Inc. (NYSE:TRMR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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On December 28, 2016, Tremor Video, Inc., or the Company, and Silicon Valley Bank, or the Lender, entered into that certain Seventh Loan Modification Agreement, or the 7th Amendment, amending that certain Loan and Security Agreement dated as of June 7, 2007, as amended, or the Loan Agreement. The Loan Agreement has previously been filed with the Securities and Exchange Commission, or the Commission, (i) as Exhibit 10.2 to the Company’s Registration Statement on Form S-1 filed with the Commission on May 23, 2013 (with respect to the original agreement and the First through Fifth Loan Modification Agreements) and (ii) as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on October 24, 2014 (with respect to the Sixth Loan Modification Agreement).

To allow time for the parties to finalize an amended and restated credit facility, the 7th Amendment extends the maturity date of the Loan Agreement to January 29, 2017, and does not otherwise modify the terms of the Loan Agreement.

The foregoing is a summary description of certain terms of the 7th Amendment, is not complete and is qualified in its entirety by reference to the text of the 7th Amendment, which is filed herewith as Exhibit 10.1 to this report and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above in Item 1.01 hereby is incorporated into this Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits.

The Company hereby files the following exhibit:

10.1 Seventh Loan Modification Agreement, dated December 28, 2016, by and between Silicon Valley Bank and Tremor Video, Inc.


About Tremor Video, Inc. (NYSE:TRMR)

Tremor Video, Inc. is an advertising technology company. The Company provides software for video advertising effectiveness. The Company operates through online video advertising services segment. Its technology optimizes performance of video advertisement campaigns across all screens, including computers, smartphones, tablets and connected televisions. The Company’s buyer platform enables advertisers, agencies and other buyers of advertising to discover, buy, optimize and measure the effectiveness of their video advertisement campaigns. The Company’s technology analyzes video content, detects viewer and system attributes, and uses its repository of stored third-party data to optimize and target the delivery of advertisement campaigns. Its buyers can transact directly on its buyer platform through the Tremor Video DSP, a user interface that allows them to manage the execution of their campaigns on a programmatic basis. The Company also offers a seller platform, the Tremor Video SSP.

Tremor Video, Inc. (NYSE:TRMR) Recent Trading Information

Tremor Video, Inc. (NYSE:TRMR) closed its last trading session down -0.03 at 2.49 with 118,162 shares trading hands.

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