ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Amendment to the February Term Loan Credit Agreement
On
Pursuant to the Term Loan Amendment, the parties amended the limitation on restricted payments to permit payment of regularly scheduled quarterly cash dividends and other limited cash payments on the Company's recently issued 5.50% Mandatory Convertible Preferred Stock, Series A (the "Mandatory Convertible Preferred Stock") and other capital stock issued by the Company, which is (or becomes) mandatorily convertible into or exchangeable for the Company's common stock.
A copy of the Term Loan Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the terms of the Term Loan Amendment is qualified in its entirety by reference to the full text of the Term Loan Amendment.
Amendment to Revolving Credit Agreement
On
Pursuant to the Revolver Amendment, the parties amended the limitation on restricted payments to permit payment of regularly scheduled quarterly cash dividends and other limited cash payments on the Company's Mandatory Convertible Preferred Stock and other capital stock issued by the Company, which is (or becomes) mandatorily convertible into or exchangeable for the Company's common stock.
A copy of the Revolver Amendment is attached hereto as Exhibit 10.2 and is incorporated herein by reference. The foregoing description of the terms of the Revolver Amendment is qualified in its entirety by reference to the full text of the Revolver Amendment.
With respect to both the February Term Loan Credit Agreement (as amended) and the Revolving Credit Agreement (as amended), the Company has customary corporate and commercial banking relationships with the lenders, the syndication agents, documentation agents and the administrative agents and their affiliates.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit No. Description 10.1 Second Amendment, dated as ofMay 28, 2020 , to February Term Loan Credit Agreement, by and amongBoston Scientific Corporation , the several lenders parties thereto, and The Bank of Nova Scotia, as administrative agent. 10.2 Second Amendment, dated as ofMay 28, 2020 , to Revolving Credit Agreement, by and amongBoston Scientific Corporation , the lenders party thereto andWells Fargo Bank, National Association , as administrative agent. Cover Page Interactive Data File (embedded within the Inline XBRL 104 document).
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