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LANDAUER INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement

July 3, 2014



Item 1.01.Entry into a Material Definitive Agreement.

On June 30, 2014, Landauer, Inc. (the "Company") and its subsidiaries Global Physics Solutions, Inc. and IZI Medical Products, LLC (collectively, the "Borrowers"), entered into a First Amendment to Amended and Restated Credit Agreement (the "Amendment") with BMO Harris Bank N.A., as administrative agent (the "Administrative Agent"), and the lenders that are party thereto (collectively, the "Lenders"). The Amendment amends the Credit Agreement entered into among the Borrowers, the Administrative Agent and the Lenders on August 2, 2013 (the "Credit Agreement").

The Amendment amends, among other things, (i) the definition of Capital Expenditures and EBITDA and (ii) keeps the fixed charge coverage ratio covenant and the leverage ratio covenant constant (1.10 to 1.00 and 3.50 to 1.00, respectively) through the remainder of the term of the Credit Agreement instead of tightening to 1.15 to 1.00 and 3.25 to 1.00, respectively, at September 30, 2015. In connection with the Amendment, the Company paid certain amendment fees to the Lenders and certain other fees and expenses to the Administrative Agent.

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Source: Edgar Glimpses


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