UPLAND SOFTWARE, INC. (NASDAQ:UPLD) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
into a Fourth Amendment to Credit Agreement (the Amendment) that
amends that certain Credit Agreement dated as of May 14, 2015
(the Credit Agreement) among inter alia>the Company, certain
of its domestic and Canadian subsidiaries (together with the
Company, the Borrowers), and each of the lenders party thereto.
provides for an additional term loan of $15,000,000, which amount
was previously part of the uncommitted accordion facility, under
the Companys existing $90,000,000 credit facility.
availability of U.S. and Canadian revolving loans up to the
lesser of (x) $10,000,000 and (y) 108.75% (subject to step-downs
beginning June 30, 2017) of the Borrowers recurring revenues on a
trailing twelve month pro forma basis minus the outstanding
balance of loans and letters of credit made under the Credit
Agreement, (ii) an allowance for earn-outs in relation to
permitted acquisitions, and (iii) an increase in the maximum
amount of purchase consideration payable in respect of all
permitted acquisitions $75,000,000 to $150,000,000.
does not purport to be complete and is qualified in its entirety
by reference to the complete text of (i) the Amendment, a copy of
which will be filed as an exhibit to the Companys Quarterly
Report Form 10-Q for the quarter ended June 30, 2017 and (ii) the
Credit Agreement, a copy of which is filed as Exhibit 10.1 to the
Companys Quarterly Report Form 10-Q for the quarter ended June
30, 2016.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Definitive Agreement, is incorporated herein by reference.
(i) its acquisition of RightAnswers, Inc., (ii) the raising of
its 2017 guidance, and (iii) the raising of its long-term
Adjusted EBITDA margin target. A copy of the press release is
furnished herewith as Exhibit 99.1.
|
Exhibit No.
|
Description
|
|
|
99.1
|
Press Release issued by Upland Software, Inc., dated
April 24, 2017. |
|
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 shall be expressly set forth by specific
reference in such a filing.
About UPLAND SOFTWARE, INC. (NASDAQ:UPLD)
Upland Software Inc. is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. Its software applications serve a range of enterprise work management needs, from strategic planning to task execution. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses. Its customers operate in a range of industries, including financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality. The Company provides a family of cloud-based enterprise work management software applications under the Upland brand. UPLAND SOFTWARE, INC. (NASDAQ:UPLD) Recent Trading Information
UPLAND SOFTWARE, INC. (NASDAQ:UPLD) closed its last trading session up +1.09 at 18.16 with 105,977 shares trading hands.