News Column

OPENTABLE INC FILES (8-K) Disclosing Termination of a Material Definitive Agreement

July 17, 2014



Item 1.02. Termination of a Material Definitive Agreement.

On July 16, 2014, OpenTable, Inc. (the "Company") terminated its credit agreement with Wells Fargo Bank, National Association ("Wells Fargo") dated as of January 10, 2013 (the "Credit Agreement") in compliance with the Agreement and Plan of Merger, dated as of June 12, 2014, among the Company, The Priceline Group Inc. ("Parent") and Rhombus, Inc. (a wholly owned subsidiary of Parent). The related collateral agreement with Wells Fargo dated as of January 10, 2013 (the "Collateral Agreement") was also terminated on July 16, 2014. All amounts owed under the Credit Agreement and related documents were paid in full and all security interests granted by the Company under the Collateral Agreement and related documents were released and terminated. Descriptions of the Credit Agreement and the Collateral Agreement are included in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "Commission") on January 16, 2013, and incorporated herein by reference.

2



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters