Item 1.01. Entry into a Material Definitive Agreement.
On
The proceeds of the Revolving Loans and letters of credit issued under the Amended and Restated Revolving Credit Agreement may be used for general corporate purposes of the Borrowers and any other purpose not prohibited by the Amended and Restated Revolving Credit Agreement and related documentation. The Amended and Restated Revolving Credit Agreement contains customary affirmative and negative covenants and events of default, including a financial covenant requiring the Company to satisfy a 3.00 to 1.00 consolidated interest coverage ratio as of the last day of each fiscal quarter.
All present and future obligations of the Borrowers arising under and pursuant
to the terms of the Amended and Restated Revolving Credit Agreement are
guaranteed pursuant to an amended and restated guaranty agreement dated as of
the Closing Date (the "Amended and Restated Guaranty Agreement"), made by
The description of the Amended and Restated Revolving Credit Agreement and the Amended and Restated Guaranty Agreement contained in this report on Form 8-K is qualified in its entirety by reference to the complete text of the Amended and Restated Revolving Credit Agreement and the Amended and Restated Guaranty Agreement, in each case, copies of which are filed herewith as Exhibits 10.1 and 10.2.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Amended and Restated Revolving Credit Agreement, dated as ofAugust 26, 2022 , amongNXP B.V .,NXP Funding LLC , the several lenders from time to time parties thereto, and Barclays Bank PLC, as administrative agent. 10.2 Amended and Restated Guaranty Agreement, dated as ofAugust 26, 2022 , amongNXP Semiconductors N.V. ,NXP USA, Inc. and Barclays Bank PLC, as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source