SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): | December 5, 2003 | |
(December 2, 2003) |
ICT GROUP, INC.
(Exact Name of Registrant Specified in Charter)
Pennsylvania | 0-20807 | 23-2458937 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
100 Brandywine Boulevard Newtown, Pennsylvania | 18940 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (267) 685-5000
Item 5. Other Events and Required FD Disclosure.
On December 2, 2003, the Registrant renewed its existing three-year $85 million revolving credit facility, which was scheduled to expire in April 2004. The renewal extends the Registrant’s $85 million borrowing capacity for an additional three-year period. Banc of America Securities LLC acted as lead arranger and FleetBoston Financial participated in the syndication as document agent. The Registrant intends to utilize the facility, as needed, to provide working capital to help support continued revenue growth and fund future capital expenditures, strategic acquisitions, geographic expansion and new customer relationship management service initiatives.
Item 7. Financial Statements,Pro FormaFinancial Information and Exhibits.
(a) | Financial Statements of Businesses Acquired. |
None.
(b) | Pro Forma Financial Information. |
None.
(c) | Exhibits. |
Exhibit Number | Exhibit Title | |
10.1 | Amended and Restated Credit Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as guarantors, the lenders named therein, and Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer | |
10.2 | Amended and Restated Security Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as grantors, and Bank of America, N.A. as Administrative Agent | |
10.3 | Amended and Restated Pledge Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as pledgors, and Bank of America, N.A. as Administrative Agent |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ICT GROUP, INC. | ||
By: | /s/ John J. Brennan | |
John J. Brennan | ||
President and Chief Executive Officer |
Dated: December 5, 2003
EXHIBIT INDEX
Exhibit Number | Exhibit Title | |
10.1 | Amended and Restated Credit Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as guarantors, the lenders named therein, and Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer | |
10.2 | Amended and Restated Security Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as grantors, and Bank of America, N.A. as Administrative Agent | |
10.3 | Amended and Restated Pledge Agreement, dated as of December 2, 2003, among the Registrant, certain subsidiaries of the Registrant named therein as pledgors, and Bank of America, N.A. as Administrative Agent |