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API Technologies Corp. (ATNY) Create: Alert

All | News | Filings
Date FiledTypeDescription
01/06/2014 8-K Asset disposition
Docs: "Consent Agreement, by and between API Technologies Corp., the lenders party thereto and Guggenheim Corporate Funding, LLC, as administrative agent",
"Consent Agreement, by and among API Technologies Corp., the subsidiaries of API Technologies Corp. signatory thereto, the subsidiaries of API Technologies Corp. signatory thereto as guarantors and Wells Fargo Bank, National Association in its separate capacities as lender, UK Security Trustee and as agent",
"API Technologies Completes Sale/Leaseback of State College, PA Facility ORLANDO, Fla. & STATE COLLEGE, PA - January 6, 2014 - API Technologies Corp. , a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today the completion of a sale/leaseback transaction for its State College, PA location, located at 1900 West College Avenue, to Store Capital, a real estate investment firm, for $15.6 million. The Company used $14.3 million of the proceeds to pay down the Company's term loan facility with Guggenheim Corporate Funding, LLC. As of August 31, 2013, the Company's last reported financial quarter, the Company had $88.0 million in term debt obligations. As of January 3, 2014, the term loan balance is now $72...."

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