Notice of Termination of Credit Agreement by comScore, Inc. to Bank of America, N.A.
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Summary
comScore, Inc. notifies Bank of America, N.A., as Administrative Agent, of its intent to terminate the existing Credit Agreement dated September 26, 2013. The company will repay all outstanding obligations, cash collateralize all outstanding letters of credit, and end all commitments under the agreement on or about January 11, 2018. This termination is contingent upon comScore entering into a new credit facility with a different lender. The notice is executed by comScore's Chief Financial Officer and Treasurer.
EX-10.23 14 exhibit1023-noticeoftermin.htm EXHIBIT 10.23 Exhibit
Exhibit 10.23
NOTICE OF TERMINATION
VIA ELECTRONIC MAIL
Bank of America, N.A., as Administrative Agent
135 S LaSalle Street
Mail Code I L4-135-09-61
Chicago, IL 60603
January 3, 2018
TO: Bank of America, N.A., as Administrative Agent
Re: Notice of Loan Prepayment and Termination
Reference is made to that Credit Agreement, dated as of September 26, 2013 (as amended, modified, extended, restated, replaced, or supplemented prior to the date hereof, the "Existing Credit Agreement"), among comScore, Inc. a Delaware corporation (the "Borrower"), the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Bank of America, N.A., as administrative agent for the Lenders (in such capacity, the "Administrative Agent"). Capitalized terms used herein without definition have the meanings given to them in the Existing Credit Agreement.
Pursuant to Section 2.06 of the Credit Agreement, Borrower hereby gives notice to the Administrative Agent that it will terminate the Credit Agreement and all Commitments thereunder and in connection therewith Cash Collateralize all outstanding Letters of Credit and repay in full Obligations outstanding under the Credit Agreement and the other Loan Documents on or about January 11, 2018, such termination to be conditioned upon the Borrower entering into a replacement credit facility between the Borrower and its new lender which is expected to close on or about such date.
The undersigned Borrower have caused this Notice of Termination to be duly executed and
delivered as of the date first above written.
COMSCORE, INC, a Delaware corporation
By: /S/ Gregory A. Fink
Name: Gregory A. Fink
Title: Chief Financial Officer and Treasurer