Item 1.01 Entry into a Material Definitive Agreement
On
The Credit Agreement provides for a revolving credit facility (the "Revolving
Credit Facility"), and is secured by inventory, accounts receivable, cash and
certain other personal property. Availability fluctuates under a borrowing base
calculation and is reduced by outstanding letters of credit. The material terms
of the Credit Agreement are described under "Note 5, Credit Agreement" in the
notes to financial statements in our Annual Report on Form 10-K for the year
The terms of the Amendment include an increase in the Revolving Loan Commitments
from
The foregoing description of the terms and conditions in the Amendment and the
Credit Agreement, does not purport to be complete and is subject to and
qualified in its entirety by reference to the full text of the Amendment, which
will be filed as an Exhibit to the Company's Form 10-Q for the quarter ended
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 also incorporated by reference into this Item 2.03 of this Current Report on Form 8-K.
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