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CORE LABORATORIES N V FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

August 29, 2014



Item 1.01 Entry into Material Definitive Agreement On August 29, 2014, Core Laboratories N.V. and Core Laboratories (U.S.) Interests Holdings, Inc. entered into a Sixth Amended and Restated Credit Agreement (henceforth referred to as the "Amended Credit Agreement") with various financial institutions which are parties to the Amended Credit Agreement (collectively, the "Lenders"), with Bank of America, N.A. also serving as administrative agent for the Lenders, swingline lender and as a letter of credit issuing bank.

The Amended Credit Agreement primarily includes the following changes:

Increases the aggregate borrowing commitment under the existing credit facility from $300 million to $350 million; in addition, the Amended Credit Agreement provides an option to increase the commitment under the credit facility to $400 million, if certain conditions are met; Extends the maturity of the revolving credit facility for a five year period ending on August 29, 2019; Reduces the pricing of any loans that may be outstanding at any time as well as lowering the commitment fees on the unused portion of the facility; and



The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 of this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits 10.1 Sixth Amended and Restated Credit Agreement, dated as of August 29, 2014, among Core Laboratories N.V. and Core Laboratories (U.S.) Interests Holdings, Inc. and the lenders party thereto with Bank of America, N.A., as administrative agent.



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Source: Edgar Glimpses


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