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EX-10.2 - EX-10.2 - AURORA DIAGNOSTICS HOLDINGS LLCaudh-ex102_6.htm

 

 

 

 

UNITED STATES
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): September 18, 2015

AURORA DIAGNOSTICS HOLDINGS, LLC

 

(Exact name of registrant as specified in charter)

 

 

 

 

 

Delaware

 

333-176790

 

20-4918072

 

 

 

 

 

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

11025 RCA Center Drive, Suite 300, Palm Beach Gardens, Florida  33410

 

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (866) 420-5512

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):

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))

 

 

 


 

 

Item 1.01. Entry Into a Material Definitive Agreement.

 

On September 18, 2015 (the “Fourth Amendment Effective Date”), Aurora Diagnostics Holdings, LLC (the “Company”) entered into a fourth amendment to its Financing Agreement dated as of July 31, 2014 (the “Closing Date”), as amended, restated, supplemented or otherwise modified from time to time (as so amended, the “Financing Agreement”), by and among Aurora Diagnostics, LLC, as borrower (the “Borrower”), the Company and certain subsidiaries of the Borrower parties thereto, as guarantors, the various lenders from time to time party thereto, as lenders, and Cerberus Business Finance, LLC, as administrative agent and collateral agent.  

 

Pursuant to the Financing Agreement, the Borrower borrowed a total of $25,000,000 under the initial delayed draw term loan  (the “Term Loan”).  Prior to the Fourth Amendment Effective Date, the Company had $5,400,000 of excess funds remaining from such Term Loan draw (the "Excess Loan Proceeds").

 

The fourth amendment provides that from and after the Fourth Amendment Effective Date until October 31, 2015, the Borrower may use the Excess Loan Proceeds to (i) consummate certain permitted acquisitions or (ii) pay the related transaction costs for certain past acquisitions (each, a “Permitted Purpose”).  However, if the Borrower does not use such Excess Loan Proceeds for a Permitted Purpose on or prior to October 31, 2015, then pursuant to the terms of the fourth amendment, the Borrower must repay the Term Loan in the amount of the unused Excess Loan Proceeds. The fourth amendment contains customary representations and warranties applicable to the Company and its subsidiaries, including the Borrower.  

 

The foregoing summary of the fourth amendment does not purport to be complete and is qualified in its entirety by reference to the fourth amendment, which is filed herewith as an exhibit, and by reference to the Financing Agreement, which is incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)  Exhibits

 

10.1            Financing Agreement, dated as of July 31, 2014, by and among Aurora Diagnostics, LLC, as Borrower, Aurora Diagnostics Holdings, LLC and each subsidiary of Aurora Diagnostics, LLC listed as a guarantor on the signature pages thereto, as Guarantors, the Lenders from time to time party thereto, as Lenders, and Cerberus Business Finance, LLC, as Administrative Agent and as Collateral Agent (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed August 12, 2014 and incorporated herein by reference).

 

10.2            Fourth Amendment to Financing Agreement, dated as of September 18, 2015, by and among Aurora Diagnostics, LLC, as borrower, Aurora Diagnostics Holdings, LLC, and certain subsidiaries of Aurora Diagnostics, LLC, as guarantors, various lenders from time to time party thereto, as lenders, and Cerberus Business Finance, LLC, as administrative agent and collateral agent.

 

 


 


 

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.

 

 

 

 

 

 

Aurora Diagnostics Holdings, LLC

 

 

September 21, 2015

   /s/ Michael Grattendick

 

   Michael Grattendick

 

   Vice President and Controller

 

 

 

 

EXHIBIT INDEX

Exhibit No.

Exhibit Description

10.1

Financing Agreement, dated as of July 31, 2014, by and among Aurora Diagnostics, LLC, as Borrower, Aurora Diagnostics Holdings, LLC and each subsidiary of Aurora Diagnostics, LLC listed as a guarantor on the signature pages thereto, as Guarantors, the Lenders from time to time party thereto, as Lenders, and Cerberus Business Finance, LLC, as Administrative Agent and as Collateral Agent (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed August 12, 2014 and incorporated herein by reference).

 

10.2

Fourth Amendment to Financing Agreement, dated as of September 18, 2015, by and among Aurora Diagnostics, LLC, as borrower, Aurora Diagnostics Holdings, LLC, and certain subsidiaries of Aurora Diagnostics, LLC, as guarantors, various lenders from time to time party thereto, as lenders, and Cerberus Business Finance, LLC, as administrative agent and collateral agent.