DE | 76-0447780 | |
(State or Other Jurisdiction of | (I.R.S. Employer | |
Incorporation or Organization) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
Items to be Included in this Report
The First Amendment to Loan Agreement amends the Loan Agreement by, among other things, (i) increasing the commitment available to the Borrowers from $15,000,000 to $20,000,000; (ii) changing the Prime rate margin; (iii) removing the borrowing base; (iv) adding additional security granted by the Borrowers; and (v) amending various financial and reporting covenants. The Company, along with two of its other subsidiaries, are still guarantors of the Borrowers' obligations under the Loan Agreement, as amended by the First Amendment to Loan Agreement.
A copy of the First Amendment to Loan Agreement along with associated financing documents are filed with this Current Report on Form 8-K as Exhibits 10.1 through 10.4.
OYO GEOSPACE CORPORATION | ||||||||
Date: September 19, 2005. | By: | /s/ Thomas T. McEntire | ||||||
Thomas T. McEntire | ||||||||
Chief Financial Officer | ||||||||
Exhibit No. | Description | |
EX-10.1 | First Amendment to Loan Agreement dated September 19, 2005, between the Borrowers and Regions Bank (f/k/a Union Planters Bank, N.A.). | |
EX-10.2 | Promissory Note dated September 19, 2005, made by the Borrowers for the benefit of Regions Bank (f/k/a Union Planters Bank, N.A.). | |
EX-10.3 | Guaranty Agreement dated September 19, 2005, made by and between the Company and Regions Bank (f/k/a Union Planters Bank, N.A.). | |
EX-10.4 | Security Agreement dated September 19, 2005, between Concord Technologies, LP and Regions Bank (f/k/a Union Planters Bank, N.A.). |