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EPLUS INC 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 6, 2014



Item 1.01 Entry into a Material Definitive Agreement

On July 31, 2014, ePlus Technology, inc. (the "Company"), a wholly owned subsidiary of ePlus inc., entered into Amendment No. 1 (the "Amendments") to both its Amended and Restated Agreement for Wholesale Financing and Amended and Restated Business Financing Agreement dated July 23, 2012, with GE Commercial Distribution Finance ("GECDF") in connection with its credit facility. The Amendments primarily provide for an increase in the aggregate limit of the two components of the credit facility to $225 million with an accounts receivable component sublimit of $30 million. In addition, the Amendments modify certain covenants providing more flexibility for payments between ePlus inc. and its subsidiaries.

From time to time the Company and its affiliates sell and lease IT equipment and software to affiliates of GECDF. There are no other material relationships between the Company and GECDF.

The foregoing descriptions of the Amendments are qualified in their entirety by reference to the Amendments, copies of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and 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

(d) Exhibits. The following Exhibits are filed herewith as part of this report:

Exhibit No. Description



10.1 Amendment No. 1 to Amended and Restated Agreement for Wholesale Financing,

dated July 31, 2014, between ePlus Technology, inc. and GE Commercial Distribution Finance Corporation



10.2 Amendment No. 1 to Amended and Restated Business Financing Agreement, dated

July 31, 2014, between ePlus Technology, inc. and GE Commercial Distribution Finance Corporation 99.1 Press release dated August 5, 2014, issued by ePlus inc.



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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ePlus inc. By: /s/ Elaine D. MarionElaine D. Marion Chief Financial Officer Date: August 6, 2014



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Source: Edgar Glimpses


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