Tech Data extends lender waivers until Jan. 31 to file financials

By Marisa Wong

Madison, Wis., Oct. 17 - Tech Data Corp. further extended waivers with its lenders to allow more time to file financial statements.

Tech Data entered into a second waiver and amendment agreement and second amendments to some limited waivers for its outstanding debt and other instruments, including the waiver under its credit agreement dated Sept. 27, 2011 with Bank of America, NA as administrative agent, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company previously extended its waivers on July 29.

The latest amendment to the limited waivers extends until Jan. 31 the company's required delivery of its audited financial statements for the fiscal year ended Jan. 31, 2013 and its unaudited financial statements for the fiscal quarters ended April 30 and July 31 and ending Oct. 31.

In connection with the amendment to the credit agreement waiver, the company paid fees totaling $300,000.

Tech Data is a technology products distribution company based in Clearwater, Fla.

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