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Subsequent Events
9 Months Ended
Jan. 31, 2014
Subsequent Events

11. Subsequent Events

(1) On February 21, 2014, the Company drew down $27.0 million of its unused balance of the revolving line of credit. The outstanding loan balance is subject to all terms and conditions in the Loan Agreement and its subsequent amendments (See Note 8) and is repayable on or before January 31, 2015.

(2) On March 4, 2014, the Company filed its brief with the court, portions of which were redacted to protect confidential and sensitive information, with respect to its position on the potential remedy to be imposed in connection with the court’s ruling that the Company’s acquisition of PowerReviews violated Section 7 of the Clayton Act, 15 U.S.C. Section 18 (See Note 10).