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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/02/18 Asure Software Inc 8-K:1,2,8,9 3/29/18 6:1.4M Federal Filings, LLC/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 33K 2: EX-4.1 Instrument Defining the Rights of Security Holders HTML 40K 3: EX-10.1 Material Contract HTML 144K 4: EX-10.2 Material Contract HTML 758K 5: EX-99.1 Miscellaneous Exhibit HTML 21K 6: EX-99.2 Miscellaneous Exhibit HTML 10K
Date of Report: March 29, 2018
(Date of earliest event reported)
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Asure Software, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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(Commission File Number)
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74-2415696
(IRS Employer
Identification Number)
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3700 N. Capital of Texas Hwy, Suite 350 Austin, TX
(Address of principal executive offices)
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78746
(Zip Code)
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512-437-2700
(Registrant’s telephone number, including area code)
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Not Applicable
(Former Name or Former Address, if changed since last report)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter) Emerging growth company ☐.
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Leverage Ratio
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First Out Revolver Base Rate Margin
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First Out Revolver LIBOR Rate Margin
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First Out TL Base Rate Margin
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First Out TL LIBOR Rate Margin
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Last Out Base Rate Margin
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Last Out LIBOR Rate Margin
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≤ 3.25:1
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4.25
percentage points
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5.25
percentage points
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1.75
percentage points
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2.75
percentage points
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6.75
percentage points
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7.75
percentage
points
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> 3.25:1
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4.75
percentage points
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5.75
percentage points
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2.25
percentage points
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3.25
percentage points
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7.25
percentage points
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8.25
percentage points
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$262,500 beginning on June 30, 2018 and the last day of each fiscal quarter thereafter up to March 31, 2020, plus an additional amount equal to 0.25% of the principal amount of all delayed draw term loans;
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$656,250 beginning on June 30, 2020 and the last day of each fiscal quarter thereafter up to March 31, 2021, plus an additional amount equal to 0.625% of the principal amount of all delayed draw term loans; and
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$1,312,500 beginning on June 30, 2021 and the last day of each fiscal quarter thereafter, plus an additional amount equal to 1.25% of the principal amount of all delayed draw term loans.
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amends our leverage ratio covenant to increase the maximum ratio to 6.50:1 at March 31, 2018 and June 30, 2018, 6.00:1 at September 30 2018 and December 31, 2018 and then stepping down each quarter-end thereafter;
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amends our fixed charge coverage ratio to be not less than 1.25:1at March 31, 2018 and each quarter-end thereafter; and
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Exhibit No.
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Description
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4.1
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10.1
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10.2
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99.1
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99.2
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ASURE SOFTWARE, INC.
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Dated: April 2, 2018
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By:
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/s/ Kelyn Brannon
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Chief Financial Officer
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This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
5/25/22 | ||||
6/30/21 | ||||
3/31/21 | ||||
6/30/20 | ||||
4/1/20 | ||||
3/31/20 | ||||
12/31/18 | ||||
6/30/18 | ||||
Filed on: | 4/2/18 | |||
4/1/18 | ||||
3/31/18 | ||||
For Period End: | 3/29/18 | |||
5/25/17 | 3, 8-K, 8-K/A | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/18/20 Asure Software Inc. 424B5 1:573K Toppan Merrill/FA 12/17/20 Asure Software Inc. 424B5 1:571K Toppan Merrill/FA |