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) February 21, 2014
BAZAARVOICE, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-35433 | 20-2908277 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
3900 N. Capital of Texas Highway, Suite 300
Austin, Texas 78746-3211
(Address of principal executive offices, including zip code)
(512) 551-6000
(Registrant’s 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 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 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On February 21, 2014, Bazaarvoice, Inc. (the “Company”) drew $27 million under its $30 million Loan and Security Agreement dated July 18, 2007, as amended (the “Loan Agreement”). The funds will be used for general corporate purposes. This borrowing under the Loan Agreement bears interest at a rate per annum equal to the Prime Rate (currently 3.25%); provided, however, that in no instance shall the Loan Agreement bear interest at a rate per annum less than the then current daily adjusting LIBOR rate (currently 0.1545%) plus 2.5%. Interest payments are due monthly in arrears. The current maturity date for the revolving line of credit under the Loan Agreement is January 31, 2015.
The material terms of the revolving credit facility are described in Note 9 to the Company’s Consolidated Financial Statements included in its Form 10-K for the year ended April 30, 2013.
1
SIGNATURE
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.
| BAZAARVOICE, INC. | ||
| By: | /s/ Bryan C. Barksdale | |
| Bryan C. Barksdale General Counsel and Secretary | ||
Date: February 26, 2014