Business Context and Reporting Period
Company: Marchex, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 1, 2011
Event: Entry into a Material Definitive Agreement regarding the company's credit facilities.
Key Financial Metrics
This filing does not report specific financial performance metrics such as revenue, profit, cash flow, margins, or liquidity ratios. The document focuses exclusively on the amendment of a credit agreement.
Material Changes
On March 1, 2011, Marchex, Inc. entered into the First Amendment to its Credit Agreement (originally dated April 1, 2008). The material changes include:
- Maturity Extension: The maturity date of the Credit Agreement has been extended to April 1, 2014.
- Interest Rate: The interest rate terms have been changed (specific new rate not disclosed in this summary).
- Regulatory Compliance: New provisions were added to address the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Guidance, Outlook, and Risks
Management Commentary: The filing notes that the amendment was executed to extend the facility's life and update terms for regulatory compliance. The full text of the Amendment is referenced as an exhibit to be filed in a future periodic report.
Risks and Contingencies: No specific new risks or contingencies are detailed in this text beyond the standard obligations of the amended credit agreement.
Investor Verification Checklist
- Verify the specific new interest rate terms in the full text of the First Amendment to the Credit Agreement.
- Review the specific provisions added for Dodd-Frank compliance to assess potential operational impacts.
- Confirm the total outstanding debt balance under the amended agreement in the company's next periodic report (10-Q or 10-K).