Accuray Inc. Enters Material Definitive Agreement
Ticker: ARAY · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1138723
Sentiment: neutral
Topics: material-definitive-agreement, new-contract
TL;DR
Accuray signed a big deal, details TBD.
AI Summary
On September 12, 2024, Accuray Incorporated entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its terms, or any associated financial figures. Further information is expected to be disclosed in subsequent filings or exhibits.
Why It Matters
This filing indicates a significant new contract or partnership for Accuray, which could impact its future revenue and market position.
Risk Assessment
Risk Level: medium — The lack of specific details in this initial filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- ACCURAY INC (company) — Registrant
- September 12, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Accuray Incorporated?
The filing states that Accuray Incorporated entered into a Material Definitive Agreement on September 12, 2024, but does not provide specific details regarding its nature or terms.
Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?
No, the filing does not disclose any specific financial terms or dollar amounts related to the Material Definitive Agreement.
When was the Material Definitive Agreement entered into?
The Material Definitive Agreement was entered into on September 12, 2024.
What is the primary business of Accuray Incorporated?
Accuray Incorporated is in the business of Surgical & Medical Instruments & Apparatus, with SIC code 3841.
Where is Accuray Incorporated's principal executive office located?
Accuray Incorporated's principal executive office is located at 1240 Deming Way, Madison, Wisconsin, 53717-1954.
Filing Stats: 567 words · 2 min read · ~2 pages · Grade level 14.9 · Accepted 2024-09-16 16:01:07
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share ARAY The Nasdaq Stock Mar
- $20 million — mended Credit Agreement to no more than $20 million. The foregoing description of the Fou
Filing Documents
- aray-20240912.htm (8-K) — 42KB
- 0000950170-24-106804.txt ( ) — 156KB
- aray-20240912.xsd (EX-101.SCH) — 29KB
- aray-20240912_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 12, 2024, Accuray Incorporated (the "Company") entered into the Fourth Amendment to Credit Agreement (the "Fourth Amendment") in respect of its Credit Agreement (the "Existing Credit Agreement"; the Existing Credit Agreement as amended by the Fourth Amendment, the "Amended Credit Agreement") among the Company, the financial institutions party thereto as lenders and issuing lenders, and Silicon Valley Bank as administrative agent, issuing lender, and swingline lender. The principal purpose of the Fourth Amendment is to provide for (i) changes in the Consolidated Fixed Charge Coverage Ratio and the Consolidated Senior Net Leverage Ratio for the first quarter of the Company's 2025 fiscal year, (ii) the addition of a Minimum Liquidity covenant to the Amended Credit Agreement, and (iii) reducing the Available Revolving Commitments available under the Amended Credit Agreement to no more than $20 million. The foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the Fourth Amendment, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCURAY INCORPORATED Dated: September 16, 2024 By: /s/ Jesse Chew Jesse Chew Senior Vice President, Chief Legal Officer & Corporate Secretary 3