UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 27, 2014
BALLY TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada |
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001-31558 |
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88-0104066 |
(State or Other Jurisdiction of |
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(Commission File Number) |
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(IRS Employer |
6601 S. Bermuda Rd. |
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89119 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (702) 584-7700
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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 (17 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))
Item 1.01 Entry into a Material Definitive Agreement.
On May 27, 2014, Bally Technologies, Inc. (the Company) entered into Amendment No. 2 (the Amendment) to the Companys Second Amended and Restated Credit Agreement dated as of April 19, 2013 (the Credit Agreement), among the Company, Bank of America, N.A., as administrative agent (the Agent), and the other lenders party thereto. The Amendment amended the Credit Agreement to, among other things: (i) allow for additional incremental facilities not exceeding $370 million, (ii) extend the maturity date of the Companys Term Loan A and revolving credit facility to May 27, 2019, and (iii) revise the leverage-based pricing grid. Pursuant to the Amendment, loans under the Credit Agreement will bear interest at a rate equal to either the applicable base rate or LIBOR, plus in each case a margin determined by the Companys consolidated total leverage ratio, with a range of base rate margins from 0% to 1.00% and a range of LIBOR margins from 1.00% to 2.00%.
On May 27, 2014, the Company also entered into the Incremental Joinder Agreement (the Joinder) with certain subsidiaries of the Company, the Agent, and the other lenders party thereto. The Joinder provides for $370 million in additional revolving commitments under the Credit Agreement. As a result of the Joinder, the aggregate total revolving commitment under the Credit Agreement is $1.07 billion.
SIGNATURES
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, thereunto duly authorized.
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BALLY TECHNOLOGIES, INC. | |
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By: |
/s/Neil Davidson |
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Neil Davidson |
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Senior Vice President, Chief Financial Officer and Treasurer |
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Dated: May 30, 2014 |