ExamWorks implements autoborrow agreement with swingline lender

By Angela McDaniels

Tacoma, Wash., June 28 - ExamWorks Group, Inc. amended its credit agreement on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment allows the company to implement an autoborrow agreement with the swingline lender to facilitate the company's cash management.

The amendment also incorporated new provisions related to swap regulations and updated various provisions related to Libor, the Foreign Account Tax Compliance Act and International Financial Reporting Standards.

Bank of America, NA is the swingline lender and administrative agent.

On Friday, indirect wholly owned subsidiaries Premex Services Ltd. and Premex Services (Liverpool) Ltd. amended their sales finance agreement with Barclays Bank plc to, among other things, extend the term of the agreement by 24 months and to allow for certain non-working capital purposes.

On Friday, indirect wholly owned subsidiary UK Independent Medical Services Ltd. similarly amended its sales finance agreement with Barclays.

ExamWorks is an Atlanta-based provider of independent medical examinations, peer and bill reviews and related services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.