Attached files
| file | filename |
|---|---|
| EX-10.1 - CREDIT AGREEMENT - IGATE CORP | d404566dex101.htm |
| EX-10.2 - GUARANTY - IGATE CORP | d404566dex102.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) September 5, 2012 (August 28, 2012)
iGATE Corporation
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
(State or Other Jurisdiction of Incorporation)
| 000-21755 | 25-1802235 | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| 6528 Kaiser Drive, Fremont, CA | 94555 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
(510) 896-3015
(Registrant’s Telephone Number, Including Area Code)
N/A
(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 obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01 | Entry into a Material Definitive Agreement |
On August 28, 2012 (the “Closing Date”), iGATE Technologies Inc. (“iGATE Technologies”), a wholly owned subsidiary of iGATE Corporation (the “Company”), entered into a credit agreement (the “Credit Facility”) for an unsecured term loan facility with the lenders named therein and Standard Chartered Bank, as lender (the “Lender”). The Company, along with several of its wholly owned subsidiaries, has entered into a Guaranty (the “Guaranty”) with the Lender, under which the Company has guaranteed all of the obligations of iGATE Technologies under the Credit Facility.
The Credit Facility has a commitment amount of $70.0 million. The Credit Facility will mature on February 28, 2014. The Credit Facility contains customary representations and warranties, events of default and affirmative and negative covenants.
After the Closing Date, the Credit Facility will be available to finance iGATE Technologies’ purchase of iGATE Americas, Inc., an indirect majority-owned subsidiary of the Company, from iGATE Computer Systems Limited, another indirect majority-owned subsidiary of the Company.
The foregoing description of the Credit Facility and the Guaranty does not propose to be complete and is qualified in its entirety by reference to the full text of the Credit Facility and the Guaranty, which are filed as Exhibits 10.1 and 10.2 hereto and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
The following exhibits are filed herewith:
| Exhibit No. |
Description | |
| 10.1 | Credit Agreement, dated as of August 28, 2012, between iGATE Technologies Inc. and Standard Chartered Bank. | |
| 10.2 | Guaranty, dated as of August 28, 2012, among iGATE Corporation and certain subsidiaries thereof from time to time party thereto, and Standard Chartered Bank. | |
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.
| iGATE CORPORATION | ||
| By: | /s/ Mukund Srinath | |
|
| ||
| Name: | Mukund Srinath | |
| Title: | Corporate Secretary | |
September 5, 2012
EXHIBIT INDEX
| Exhibit No. |
Description | |||
| 10.1 | Credit Agreement, dated as of August 28, 2012, between iGATE Technologies Inc. and Standard Chartered Bank. | |||
| 10.2 | Guaranty, dated as of August 28, 2012, among iGATE Corporation and certain subsidiaries thereof from time to time party thereto, and Standard Chartered Bank. | |||