SEC Filing Summary: Systemax Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Systemax Inc. (not Global Industrial Co) on October 15, 2015, covering events occurring on October 13, 2015. The registrant is incorporated in Delaware and operates from Port Washington, New York.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, or liquidity. The report focuses exclusively on a material definitive agreement regarding the company's credit facilities.
Material Changes
- Credit Agreement Amendment: The Company entered into Amendment No. 5 to its Second Amendment and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as U.S. Administrative Agent.
- Maturity Extension: The primary effect of this amendment is to extend the maturity date of the Credit Agreement to October 31, 2016.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed in the text of this report, other than the standard reference to the full terms of the amendment filed as an exhibit.
Investor Verification Checklist
- Verify the full terms of Amendment No. 5 (Exhibit 10.1) to understand any changes to interest rates, covenants, or fees associated with the maturity extension.
- Confirm the identity of the Borrowers and Guarantors listed in the amendment to assess the scope of the obligation.
- Review subsequent filings to determine if the extension was utilized or if further refinancing occurred prior to the new October 31, 2016 maturity date.