Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Event

Subsequent Events

Note 10 – Subsequent Event

On July 28, 2016, we entered into an amendment to our Senior Secured Credit Facility and existing Guarantee and Collateral Agreement (the “Amendment”). Pursuant to the Amendment, from the period beginning on July 28, 2016 and ending on June 5, 2017, the Amendment increases the committed amount available under the Credit Agreement to $165.0 million. On June 6, 2017 the total committed amount available under the Credit Agreement will be reduced to $150.0 million (the “Extended Commitments”). The Extended Commitments will expire on July 28, 2019 and any loans outstanding on such date will mature and be payable. The Senior Secured Credit Facility includes an “accordion” feature that allows the Company, with the consent of the lenders, which was increased from $175.0 million to $200.0 million in connection with the Amendment.