Attached files
file | filename |
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EX-10.8 - EX-10.8 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w8.htm |
EX-10.4 - EX-10.4 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w4.htm |
EX-10.2 - EX-10.2 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w2.htm |
EX-10.5 - EX-10.5 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w5.htm |
EX-10.6 - EX-10.6 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w6.htm |
EX-10.3 - EX-10.3 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w3.htm |
EX-10.1 - EX-10.1 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w1.htm |
EX-10.7 - EX-10.7 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv10w7.htm |
EX-99.1 - EX-99.1 - LIBERATOR MEDICAL HOLDINGS, INC. | g26144exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2011
LIBERATOR MEDICAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
NEVADA | 000-05663 | 87-0267292 | ||
(State or other jurisdiction Of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
2979 SE Gran Park Way, Stuart, Florida 34997
(Address of Principal Executive Offices)
(772) 287-2414
(Registrants telephone number, including area code)
(Former name or 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 obligations of the registrant under any of the following provisions:
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
On February 11, 2011, Liberator Medical Holdings, Inc., and its wholly-owned subsidiary, Liberator
Medical Supply, Inc. (collectively, the Company), entered into a Committed Line of Credit
agreement (the Line of Credit Agreement) with PNC Bank, National Association (the Lender).
Pursuant to the Line of Credit Agreement, the Lender will provide a maximum of Eight Million Five
Hundred Thousand Dollars ($8,500,000) of revolving credit secured by the Companys personal
property, including inventory and accounts receivable, and guaranteed by Liberator Medical
Holdings Practica Medical Manufacturing, Inc., Liberator Health and Education Services, Inc., and
Liberator Health and Wellness, Inc., subsidiaries. Interest is payable on any advance at LIBOR
plus 2.75%. Advances under the Line of Credit Agreement are subject to a Borrowing Base Rider,
which establishes a maximum percentage amount of the Companys accounts receivable and inventory
that can constitute the permitted borrowing base. The Line of Credit Agreement expires in February
2013.
The foregoing description is not complete and is qualified in its entirety by reference to the full
text of the Committed Line of Credit agreement, the Revolving Line of Credit Note, the Guaranty and
Suretyship Agreements, and the Security Agreements between and among the Lender, the Company, and
the Companys subsidiaries, all of which are dated February 11, 2011, and copies of which are
annexed to this Current Report as Exhibits 10.1 through 10.8.
A copy of the press release issued in connection with the Line of Credit Agreement is attached as
Exhibit 99.1 to this Current Report is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit No. | Description | |
10.1
|
Letter Agreement dated February 11, 2011, by and among the Liberator Medical Holdings, Inc., Liberator Medical Supply, Inc., and PNC Bank, National Association | |
10.2
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Revolving Line of Credit Note dated February 11, 2011, by and among Liberator
Medical Holdings, Inc., Liberator Medical Supply, Inc., and PNC Bank, National Association |
|
10.3
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Borrowing Base Rider dated February 11, 2011, by and among Liberator Medical Holdings, Inc., Liberator Medical Supply, Inc., and PNC Bank, National Association | |
10.4
|
Security Agreement dated as of February 11, 2011, by and between Liberator Medical Holdings, Inc., and PNC Bank, National Association | |
10.5
|
Security Agreement dated as of February 11, 2011, by and between Liberator Medical Supply, Inc., and PNC Bank, National Association | |
10.6
|
Guaranty and Suretyship Agreement dated as of February 11, 2011, by and between Liberator Health and Education Services, Inc., and PNC Bank, National Association | |
10.7
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Guaranty and Suretyship Agreement dated as of February 11, 2011, by and between Practica Medical Manufacturing, Inc., and PNC Bank, National Association | |
10.8
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Guaranty and Suretyship Agreement dated as of February 11, 2011, by and between Liberator Health and Wellness, Inc., and PNC Bank, National Association | |
99.1
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Press release issued by Liberator Medical Holdings, Inc., on February 14, 2011. |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
LIBERATOR MEDICAL HOLDINGS, INC. Registrant |
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Dated: February 16, 2011 | /s/ Mark A. Libratore | |||
Mark A. Libratore, President | ||||