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STEINER LEISURE LTD FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

June 9, 2014



Item 1.01. Entry into a Material Definitive Agreement.

On June 3, 2014, Steiner U.S. Holdings, Inc., a wholly-owned subsidiary of Steiner Leisure Limited (the "Company"), entered into the Fourth Amendment to Amended and Restated Credit Agreement (the "Amendment") with SunTrust Bank, as administrative agent, the several banks and other financial institutions and lenders thereto amending the Amended and Restated Credit Agreement, dated as of November 1, 2011 (the "Credit Facility"). The Amendment, among other things, allows capital stock repurchases and cash dividends to be made by the Company and its subsidiaries (i) not to exceed $35 million for any fiscal year other than the fiscal year ending in 2014 and (ii) $75 million for the fiscal year ending 2014. All other terms of the Credit Facility remain unchanged. See the Company's Current Report on Form 8-K, dated November 1, 2011, for a description of the Credit Facility.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.35(d) and which is incorporated herein by reference.

Item 9.01. Financial Statement and Exhibits.

(d) Exhibits Exhibit Number Description 10.35(d) Fourth Amendment to Amended and Restated Credit Agreement, dated as of June 3, 2014, by and among Steiner U.S. Holdings, Inc., SunTrust Bank, as administrative agent, and the several banks and other financial institutions and lenders thereto.



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Source: Edgar Glimpses


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