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CTPartners announces new debt financing and amendment to credit facility

The notes are issuable in two tranches of $6.25 million with the first tranche expected to close on or before April 10, 2015. The second tranche of $6.25 million is scheduled to close 90 days after the first funding, subject to certain conditions set forth in the Note Purchase Agreement. The notes bear interest at an adjusted LIBOR rate (as defined in the Note Purchase Agreement) which is currently approximately 9% and mature in 2020.

The proceeds will be used for general corporate purposes and working capital needs and will support the Company’s operating strategy going forward.

In connection with the entry into the Note Purchase Agreement, the Company entered into an amendment to its credit facility with JPMorgan Chase Bank, N.A. For further information regarding the Note Purchase Agreement and the amendment to the credit facility, please refer to the Company’s current report on Form 8-K to be filed with the Securities and Exchange Commission.

Additionally, the Company stated that it intends to file its Form 10-K for the year ended on December 31st, 2014 on or before April 15, 2015. On March 31st, the Company filed a Form 12b-25 to extend its 10-K filing deadline while it concluded its discussions with lenders.



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