On the Company announced the completion of its (i) offering of subscription rights (the “Rights Offering”) to the Company’s stockholders and holders of the Company’s outstanding warrants as of the close of business on which expired on and was fully subscribed for the maximum offering amount of and (ii) registered direct offering (the “Registered Direct Offering” and, together with the Rights Offering, the “Offerings”) of shares of the Company’s common stock directly to certain investors, each as previously disclosed in the Company’s Form -K filed on The Company received aggregate gross proceeds from the Offerings of approximately million, comprised of (i) approximately  in gross proceeds from the Rights Offering and (ii) approximately  in gross proceeds from the Registered Direct Offering. Subsequent to the Company used the net proceeds from the Offerings to repay the of borrowings outstanding under its Term Loan B facility as at

 

On the Company entered into that certain Amendment to the Amended and Restated Revolving Credit and Security Agreement with PNC dated as of as amended on The Amendment, among other things, (i) increases the total amount available for borrowings under the PNC Facilities to million, (ii) provides for borrowings of up million on assets located in Mexico, (iii) provides that borrowings under the PNC Facilities will bear interest at the U.S. base rate plus an applicable margin ranging from to or LIBOR plus an applicable margin ranging from to (iv) resets the financial covenants contained in the PNC Agreement to mirror those contained in the Financing Agreement (as defined herein), and (v) permits the paydown of the TCW Facility (as defined herein) by up to million, as discussed below.

 

On the Company entered into that certain Amendment to the TCW Financing Agreement, dated as of as amended on as amended on The TCW Amendment, among other things, (i) provides for a million increase in the total amount available for borrowings under the PNC Facilities, as discussed above, (ii) provides for the paydown of the Term Loan A (as defined in the Financing Agreement) by up to million, (iii) provides that the interest rate for borrowings under the Financing Agreement will be reset to LIBOR plus an applicable margin of through and borrowings under the Financing Agreement will thereafter bear interest at LIBOR plus an applicable margin ranging from to (iv) deletes the senior leverage ratio covenant, (v) amends the total leverage ratio covenant, including the definition of total leverage ratio, to increase the maximum total leverage on a quarterly basis beginning with the fiscal quarter ending vi) amends the fixed charge coverage ratio covenant to decrease the minimum fixed charge coverage ratio on a quarterly basis beginning with the fiscal quarter ending through the fiscal quarter ending and (vii) resets the call protection on the Term Loan A.