DELAWARE | 13-3385513 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Amendment No. 3 serves to, among other things, (i) increase the Revolving Credit Commitments from $325,000,000 to $425,000,000 (with the continued ability to increase that amount by up to an additional $150,000,000), (ii) extend the maturity of the $425 million Revolving Credit Facility tranche of the Credit Agreement until December 5, 2017 from June 1, 2014, (iii) amend a covenant in the Credit Agreement to permit certain sales, transfers and dispositions of assets by either Borrower or any subsidiary to any other Borrower or subsidiary and (iv) amend a covenant in the Credit Agreement to permit transactions between or among the Borrowers and their wholly-owned subsidiaries not involving any other affiliates.
SCHOLASTIC CORPORATION | ||||||||
Date: December 06, 2012 | By: | /s/ Maureen O'Connell | ||||||
Maureen O'Connell | ||||||||
Executive Vice President, Chief Administrative Officer and Chief Financial Officer | ||||||||