Item 1.01Entry into a Material Definitive Agreement
Fourth Amendment to the Note Purchase Agreement
On May 13, 2020, Capstone Turbine Corporation (the "Company"), certain
subsidiaries of the Company and Goldman Sachs Specialty Lending Group, L.P. (the
"Purchaser" and collectively, the "Parties") entered into a Fourth Amendment
(the "Fourth Amendment") to the Note Purchase Agreement, dated February 4, 2019,
by and among the parties thereto (as amended, the "Note Purchase Agreement") in
connection with the sale of senior secured notes of the Company in a private
placement exempt from registration under the Securities Act of 1933, as amended.
Under the Fourth Amendment, the parties agreed to amend the Note Purchase
Agreement to, among other things, amend certain repayment language with respect
to a loan received from Western Alliance Bank, an Arizona corporation, under the
Small Business Administration Paycheck Protection Program enabled by the
Coronavirus Aid, Relief and Economic Security Act of 2020. All other provisions,
terms and conditions of the Note Purchase Agreement remain in effect, as
previously reported in the Current Reports on Form 8-K filed on February 5,
2019, December 9, 2019 and April 29, 2020 which are incorporated herein by
reference.
The foregoing summary does not purport to be complete and is qualified in its
entirety by reference to the Fourth Amendment, which is filed as Exhibit 4.1 to
this Current Report on Form 8-K, and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
Number
4.1 Fourth Amendment to the Note Purchase Agreement, dated as of May
13, 2020, by and among Capstone Turbine Corporation, certain
subsidiaries of the Company and Goldman Sachs Specialty Lending
Group, L.P.
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