USA Technologies, Inc. Enter into a New Consent Letter Relating to the Existing Credit Agreement
January 03, 2019 at 04:37 pm IST
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USA Technologies, Inc. entered into a new consent letter (the New Consent Agreement) relating to the Company's existing Credit Agreement dated November 9, 2017 (Credit Agreement) by and among the Company, as the borrower, its subsidiaries, as guarantors, and JPMorgan Chase Bank, N.A., as the lender and administrative agent for the lender (Lender). The New Consent Agreement, among other things, extends until February 15, 2019 the time period for delivery to the Lender of the Company's audited financial statements for the fiscal year ended June 30, 2018 and the unaudited financial statements for the fiscal quarter ended September 30, 2018, and the related compliance certificates required pursuant to the Credit Agreement. The New Consent Agreement also requires the Company to deliver to the Lender unaudited financial statements for each of the months of October and November 2018 by no later than January 10, 2019, and unaudited financial statements for the month of December 2018 by no later than February 7, 2019. The New Consent Agreement requires the Company to deliver to the Lender a nonrefundable extension fee of $51,875. The consent letter previously entered into by the Company and the Lender on November 15, 2018, had, among other things, extended until December 31, 2018 the time period for delivery to the Lender of the Company's audited financial statements for the fiscal year ended June 30, 2018 and the unaudited financial statements for the fiscal quarter ended September 30, 2018, and the related compliance certificates.
Cantaloupe, Inc. is a global technology company. Its vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. It offers a variety of solutions for self-service commerce, which enable the acceptance of digital payments and allow its customers to simplify inventory, analytics, warehouse, logistics, and back-office management. Its hardware includes Cantaloupe card readers, the Companyâs integrated payment device, as well as Cantaloupe Go POS kiosks, the Companyâs range of POS terminals, which are both deployed in self-service, applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others. Its Cantaloupe Go product line provides a variety of self-checkout kiosks. Its solutions are used by a variety of consumer services in North America, Latin America, Europe, and Australia, including vending machines, laundromats and others.
CANTALOUPE, INC. 
