UNITED STATES 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): May 15, 2007
THE BISYS GROUP, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 001-31254 | | 13-3532663 |
| (State or other Jurisdiction | | (Commission File | | (IRS Employer |
| of incorporation) | | Number) | | Identification No.) |
105 Eisenhower Parkway, Roseland, New Jersey 07068
(Address of principal executive offices)
973-461-2500
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (917 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
TABLE OF CONTENTS
Item 1.01 Entry into a Material Definitive Agreement.
On May 15, 2007, The BISYS Group, Inc. (“BISYS”) entered into a fourth amendment (the “Amendment”) to its Credit Agreement dated as of January 3, 2006 (as previously amended, the “Credit Agreement”). The Amendment amends the Credit Agreement to expand the Restricted Payment exceptions in Section 7.8 of the agreement to allow BISYS to declare the special dividend contemplated by the Agreement and Plan of Merger among Citibank, N.A., Buckeye Acquisition Sub, Inc. and BISYS. The Amendment further acknowledges BISYS’s request to extend the Maturity Date of the Credit Agreement to December 31, 2007, which was subsequently approved by SunTrust.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the actual agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibits:
10.1 Fourth Amendment to Credit Agreement dated as of May 15, 2007, among The BISYS Group, Inc., the lenders party thereto and SunTrust Bank, as Administrative Agent.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | THE BISYS GROUP, INC.
| |
| | By: | /s/ Steven J. Kyono | |
| | | Steven Kyono | |
| | | Executive Vice President, General Counsel & Secretary | |
| |
Date: May 17, 2007
