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WINMARK CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

February 21, 2014

Item 1.01 Entry into a Material Definitive Agreement

On February 21, 2014, Winmark Corporation and its subsidiaries' (collectively, the "Company") entered into an amendment to its Credit Agreement with The PrivateBank and Trust Company and BMO Harris Bank N.A. (collectively, the "Lenders"). The amendment, among other things, provides the consent of the Lenders for the Company's payment of a previously announced special cash dividend to its shareholders of record, amends certain financial covenant calculations to remove the effect of said dividend in such calculations, reduces the applicable margin on interest rate options in connection with borrowings under the Agreement and extends the termination date of the Agreement from February 29, 2016 to February 28, 2018.

The foregoing description of the amendment to the Company's Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full amendment attached hereto as Exhibit 10.1

Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Amendment No. 3 to Credit Agreement dated February 21, 2014

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Source: Edgar Glimpses

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