InvestorsHub Logo

everett7

02/24/14 11:23 AM

#359 RE: everett7 #358

Another amendment, now have until February 28 to enter into term sheet - do you honestly think if the Lenders were going to make them file BK that they would keep amending the Credit Agreement like this? They are clearly trying to work on a restructuring. I keep buying.

everett7

02/24/14 11:38 AM

#360 RE: everett7 #358

http://biz.yahoo.com/e/140224/doln8-k.html

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement
On February 20, 2014, The Dolan Company (the "Company") and other subsidiary borrowers entered into the Ninth Amendment (the "Amendment") to its Third Amended and Restated Credit Agreement, dated as of December 6, 2010, among the Company, its consolidated subsidiaries, the lenders from time to time party thereto, U.S. Bank National Association, as LC issuer, swing line lender and administrative agent (as heretofore amended, the "Credit Agreement").

The Agreement had required the Company to reach agreement with the lenders by February 20, 2014, on terms for addressing the Company's capital structure, and the Amendment extends that milestone date to February 28, 2014.

The foregoing description is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10 to this Current Report on Form 8-K and is incorporated by reference herein; the Credit Agreement, which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on December 7, 2010 and is incorporated by reference herein; the First Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on September 30, 2011 and is incorporated by reference herein; the Second Amendment to the Credit Agreement, which was filed as Exhibit 10.49 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and is incorporated by reference herein; the Third Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on October 10, 2012 and is incorporated by reference herein; the Fourth Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on January 22, 2013 and is incorporated by reference herein; the Fifth Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on July 9, 2013 and is incorporated by reference herein; the Sixth Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on November 6, 2013 and is incorporated by reference herein; the Seventh Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K filed with the SEC on January 13, 2014; and the Eighth Amendment to the Credit Agreement, which was filed as Exhibit 10 to the Company's Current Report on Form 8-K, which was filed with the SEC on February 14, 2014.