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HALLMARK FINANCIAL SERVICES INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

August 12, 2014



Item 1.01 Entry into a Material Definitive Agreement

On August 8, 2014, Hallmark Financial Services, Inc. ("Hallmark") and each of its subsidiaries (collectively with Hallmark, the "Company") entered into an Twelfth Amendment to First Restated Credit Agreement (the "Twelfth Amendment") with Frost Bank ("Frost"). The Twelfth Amendment amends the Company's secured revolving credit facility with Frost to accommodate Hallmark's issuance of up to $30 million of senior unsecured debt securities and to conform certain definitions to Frost's current standard. The foregoing description of the Twelfth Amendment is qualified in its entirety by reference to the definitive agreement filed as an exhibit to this Current Report on Form 8-K and incorporated herein by this reference.

Item 8.01 Other Events



On August 11, 2014, the Hallmark issued a press release announcing the commencement of an underwritten public offering of $25 million of Senior Unsecured Notes due 2024. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits.

10.1 Twelfth Amendment to First Restated Credit Agreement among Hallmark Financial Services, Inc. and its subsidiaries and Frost Bank dated August 8, 2014. 99.1 Press release dated August 11, 2014.


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Source: Edgar Glimpses


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