Item 1.01 Entry into a Material Definitive Agreement.

On July 30, 2020, SeaSpine Holdings Corporation ("we," "us," "our," or the "Company"), certain of its subsidiaries, Wells Fargo Bank, N.A., as administrative agent, and the lender parties to the Credit Agreement (as defined below) entered into an amendment (the "Amendment") to the Amended and Restated Credit Agreement dated as of July 27, 2018 (as amended, the "Credit Agreement"). The Amendment extends the date through which we may elect to increase the borrowing limit under the Credit Agreement from July 27, 2020 to July 27, 2021. Accordingly, at any time through July 27, 2021, we may increase the borrowing limit under the credit facility governed by the Credit Agreement by up to an additional $10.0 million, subject to us having sufficient amounts of eligible accounts receivable and inventory and to customary conditions precedent, including obtaining the commitment of lenders to provide such additional amount. The foregoing description of the Amendment is qualified in its entirety by reference to the copy of the Amendment filed as an exhibit to this report. Item 9.01 Financial Statements and Exhibits.




(d)  Exhibits
Exhibit No. Description
10.1          Second Amendment to Amended and Restated Credit Agreement made as of
            July 30, 2020 by and among Wells Fargo Bank, N.A., as administrative
            agent for each member of the lender group and the bank product
            providers, the lenders party thereto, SeaSpine Holdings Corporation,
            SeaSpine Orthopedics Corporation, SeaSpine, Inc., ISOTIS, Inc.,
            SeaSpine Sales LLC, Theken Spine, LLC, and IsoTis Orthobiologics,
            Inc.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses