VeriFone amends, extending financial delivery deadline, raising pricing

By Sara Rosenberg

New York, April 29 - VeriFone Inc. amended its credit facility, extending the time periods for delivery of certain required financial information, waiving any default that may arise from the delivery delay and increasing pricing, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The company now has until July 31 to deliver financial information for the three-month periods ended Jan. 31, April 30 and July 31, 2007, the year ended Oct. 31, the three-month period ended Jan. 31 and the three-month period ending April 30.

Pricing on the company's revolver and term loan was increased by 75 basis points, and the commitment fee on the revolver was increased by 12.5 bps.

The amendment was completed on April 28.

In connection with the amendment, consenting lenders got a fee of 0.25%.

JPMorgan is the administrative agent on the deal.

VeriFone is a San Jose, Calif., provider of electronic payment services.

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