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CVD EQUIPMENT CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

August 11, 2014



Item 1.01 Entry into a Material Definitive Agreement

On August 5, 2014, CVD Equipment Corporation (the "Company) and HSBC Bank USA, National Association ("HSBC") entered into an Amendment No. 2 and Waiver to Credit Agreement (the "Amendment").

The Amendment amended the original Credit Agreement between the Company and HSBC entered into in August of 2011 (the "Original Credit Agreement") by (a) extending the termination date of the existing Revolving Credit Facility for one (1) year through and including August 5, 2015; and (b) waiving compliance with the Fixed Charge Coverage Ratio (as such term is defined in the Original Credit Agreement) covenant for the fiscal quarter ended June 30, 2014. Notwithstanding the aforementioned waiver of compliance, the Company was in compliance with such covenant at June 30, 2014.

The foregoing is a summary of the material terms of the Amendment and qualified in its entirety by the terms of the Amendment, a copy of which is hereby filed as Exhibit 10.1 to this Report on Form 8-K.


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Source: Edgar Glimpses


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