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EX-10.1 - EX-10.1 - DATALINK CORPa15-12642_1ex10d1.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): May 21, 2015

 

DATALINK CORPORATION

(Exact name of registrant as specified in charter)

 

Minnesota

 

000-29758

 

41-0856543

(State or other jurisdiction of
incorporation or organization)

 

(Commission File No.)

 

(IRS Employer Identification No.)

 

10050 Crosstown Circle, Suite 500, Eden Prairie, MN 55344

(Address of principal executive offices)

 

952-944-3462

(Registrant’s telephone number, including area code)

 

N/A

(Former Name and Address)

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item1.01 Entry into a Material Definitive Agreement

 

On May 21, 2015, Datalink Corporation (the “Company”) entered into the Second Amendment to Credit Agreement (the “Second Amendment”), which amended its existing line of credit agreement with Castle Pines Capital LLC, an affiliate of Wells Fargo Bank, National Association.  The Second Amendment provides an increase of $25.0 million to the Company’s existing channel finance facility (the “Channel Finance Facility”) and revolving facility (the “Revolving Facility”) for a maximum combined aggregate borrowing amount of $75.0 million. The amounts outstanding under the Revolving Facility will continue to bear interest at a per annum rate of LIBOR plus 2%.  Advances under the Channel Finance Facility will continue to bear no interest so long as they are paid by the applicable payment due date; advances that remain outstanding after the applicable payment due date will continue to bear interest at a per annum rate of LIBOR plus 4%.

 

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the Second Amendment, which is filed herewith.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information described above under “Item 1.01. Entry into a Material Definitive Agreement” is hereby incorporated by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits. The following exhibits are filed herewith:

 

10.1                        Second Amendment, dated as of May 21, 2015, to Credit Agreement, dated as of July 17, 2013, by and between Datalink Corporation and Castle Pines Capital LLC

 

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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, thereunto duly authorized.

 

Dated: May 22, 2015

 

 

 

 

DATALINK CORPORATION

 

 

 

 

 

 

By

/s/ Gregory T. Barnum

 

 

Gregory T. Barnum,

 

 

Vice President, Finance and Chief Financial Officer and Secretary

 

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