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EPICOR SOFTWARE CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

January 23, 2014

Item 1.01. Entry into a Material Definitive Agreement. On January 17, 2014 , Epicor Software Corporation (f/k/a Eagle Parent, Inc. ) (the "Company") entered into Amendment No. 3 (the "Amendment") to the Credit Agreement (the "Credit Agreement"), dated as of May 16, 2011 , as amended March 7, 2013 and September 20, 2013 , among the Company, EGL Holdco, Inc. , and Royal Bank of Canada, as administrative agent and each lender from time to time party thereto. The Amendment provides for the refinancing of all of the Borrower's existing Term B-1 Loans under the Credit Agreement with new Term B-2 Loans. The interest rate on the Term B-2 Loans is based, at the Borrower's option, on a LIBOR rate, plus a margin of 3.00% per annum, with a LIBOR floor of 1.00%, or the Base Rate (as defined in the Credit Agreement), plus a margin of 2.00% per annum. The new Term B-2 Loans will mature on the same date as the original maturity date of the Term B-1 Loans. In addition, the Amendment provides for, among other things, the removal of the limitations on the Company's ability to repurchase its $465,000,000 Senior Notes due 2019. A copy of the Amendment has been filed with this Current Report as Exhibit 10.1 and is incorporated by reference herein. Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description Ex- 10.1 Amendment No. 3 dated as of January 17, 2014 to Credit Agreement dated as of May 16, 2011 as amended March 7, 2013 and September 20, 2013 , among the Company, EGL Holdco, Inc. , and Royal Bank of Canada, as administrative agent, and each lender from time to time party thereto.


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Source: Edgar Glimpses


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