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As Of Filer Filing For·On·As Docs:Size 7/29/20 Farmer Brothers Co 8-K:1,2,7,9 7/23/20 15:68M |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 42K 2: EX-10.1 Material Contract HTML 684K 3: EX-10.2 Material Contract HTML 100K 4: EX-99.1 Miscellaneous Exhibit HTML 17K 11: R1 Cover Page Cover Page HTML 46K 13: XML IDEA XML File -- Filing Summary XML 13K 10: XML XBRL Instance -- amendmentno3tocreditag_htm XML 15K 12: EXCEL IDEA Workbook of Financial Reports XLSX 6K 6: EX-101.CAL XBRL Calculations -- farm-20200723_cal XML 7K 7: EX-101.DEF XBRL Definitions -- farm-20200723_def XML 9K 8: EX-101.LAB XBRL Labels -- farm-20200723_lab XML 66K 9: EX-101.PRE XBRL Presentations -- farm-20200723_pre XML 36K 5: EX-101.SCH XBRL Schema -- farm-20200723 XSD 16K 14: JSON XBRL Instance as JSON Data -- MetaLinks 12± 19K 15: ZIP XBRL Zipped Folder -- 0000034563-20-000101-xbrl Zip 233K
Document |
i Delaware | i 95-0725980 | |||||||
(State
or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
i 1912
Farmer Brothers Drive, | i Northlake, | i Texas | i 76262 | |||||
(Address
of Principal Executive Offices) (Zip Code) | ||||||||
i 888 | i 998-2468 | |||||||
(Registrant’s
Telephone Number, Including Area Code) | ||||||||
None | ||||||||
(Former Address, if Changed Since Last Report) | ||||||||
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||||||||
i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||
i ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||||
i ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||||
i ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title
of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
i Common Stock, $1.00 par value | i FARM | i NASDAQ
Global Select Market | ||||||
(1) | retained the revolving commitments under the Credit Agreement of $125 million and the sublimit on letters of credit and swingline loans of $15 million each; |
(2) | added a $5.0 million quarterly commitment reduction beginning September
30, 2021; |
(3) | adjusted from cash flow-based to an asset-based lending structure with a borrowing base of 85% of eligible accounts receivable plus 50% of eligible inventory with certain permitted maximum over advance amounts; |
(4) | removed all previous financial covenants of net leverage ratio, interest coverage ratio and minimum EBITDA; |
(5) | added
a covenant relief period (fiscal month ending September 30, 2021), during which the Company must comply with the following: |
(6) | added a minimum liquidity covenant, tested on a weekly basis; |
(7) | added
an anti-cash hoarding provision; |
(8) | added a minimum fixed charge coverage ratio of 1.05:1.00 commencing with fiscal quarter ending September 30, 2021, and tested on a quarterly basis thereafter; |
(9) | modified the applicable margin for base rate loans to range from PRIME + 3.50% to PRIME + 4.50% per annum and the applicable margin for Eurodollar loans to range from Adjusted LIBO Rate + 4.50% to Adjusted LIBO Rate + 5.50% per annum; |
(10) | provided
for the revolving commitments to be reduced upon the occurrence of certain asset dispositions and incurrence non-permitted indebtedness and imposed additional restrictions on the Company’s ability to utilize certain other negative covenant baskets; and |
(11) | added a requirement to provide additional mortgages and related mortgage instruments with respect to certain specified real property owned by the Company. |
Exhibit No. | Description | |
10.1 | ||
10.2 | ||
99.1 | ||
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
FARMER BROS. CO. | ||
By: | /s/
Scott R. Drake | |
Chief Financial Officer (principal financial officer) | ||
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
9/30/21 | None on these Dates | |||
Filed on: | 7/29/20 | |||
For Period end: | 7/23/20 | |||
11/6/18 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/11/20 Farmer Brothers Co. 10-K 6/30/20 140:24M |