DLH Holdings Corp. Enters Material Definitive Agreement
Ticker: DLHC · Form: 8-K · Filed: Nov 12, 2024 · CIK: 785557
| Field | Detail |
|---|---|
| Company | Dlh Holdings Corp. (DLHC) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $260,000,000, $190,000,000, $70,000,000, $10,000,000, $70 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
DLH Holdings Corp. signed a big deal, creating new financial obligations.
AI Summary
DLH Holdings Corp. entered into a material definitive agreement on November 6, 2024. This agreement also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new agreement for DLH Holdings Corp., which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial and operational risks.
Key Players & Entities
- DLH Holdings Corp. (company) — Registrant
- November 6, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did DLH Holdings Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on November 6, 2024.
What is the nature of the direct financial obligation created?
The filing states that a direct financial obligation was created but does not provide specific details about its terms or amount.
Are the financial statements and exhibits included in this filing related to the new agreement?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item information, implying they are related to the material definitive agreement and financial obligation.
When was this 8-K report filed with the SEC?
This 8-K report was filed with the SEC on November 12, 2024.
What is DLH Holdings Corp.'s principal executive office address?
DLH Holdings Corp.'s principal executive offices are located at 3565 Piedmont Road, NE, Building 3, Suite 700, Atlanta, GA 30305.
Filing Stats: 1,076 words · 4 min read · ~4 pages · Grade level 12.2 · Accepted 2024-11-12 16:29:56
Key Financial Figures
- $260,000,000 — an aggregate credit commitment of up to $260,000,000, consisting of a syndicated term loan o
- $190,000,000 — consisting of a syndicated term loan of $190,000,000 and a revolving credit facility of up t
- $70,000,000 — nd a revolving credit facility of up to $70,000,000, including a $10,000,000 swingline subl
- $10,000,000 — ility of up to $70,000,000, including a $10,000,000 swingline sublimit. Pursuant to the F
- $70 million — y of the revolving credit facility from $70 million to $50 million. In addition, the First
- $50 million — ing credit facility from $70 million to $50 million. In addition, the First Amendment makes
- $142,500,000 — cured senior loan has been amortized to $142,500,000. The Amended Credit Agreement remains c
Filing Documents
- dlhc-20241106.htm (8-K) — 39KB
- exh101-amendmentwithexaxwi.htm (EX-10.1) — 1087KB
- 0000785557-24-000059.txt ( ) — 1433KB
- dlhc-20241106.xsd (EX-101.SCH) — 2KB
- dlhc-20241106_lab.xml (EX-101.LAB) — 23KB
- dlhc-20241106_pre.xml (EX-101.PRE) — 13KB
- dlhc-20241106_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On November 6, 2024, DLH Holdings Corp. (the "Company" or "DLH") and its direct, wholly owned subsidiaries (collectively, the "Borrowers"), entered into the First Amendment (the "First Amendment") to the Second Amended and Restated Credit Agreement dated December 8, 2022 (the "Secured Credit Agreement" and, as amended by the Amendment, the "Amended Credit Agreement") by and among the Borrowers, First National Bank of Pennsylvania, as administrative agent (the "Administrative Agent"), F.N.B. Capital Markets (as a Joint Lead Arranger), Manufacturers and Traders Trust Company (as a Joint Lead Arranger), and certain other lenders (collectively, the "Lenders") party to such Secured Credit Agreement. The Secured Credit Agreement provided for an aggregate credit commitment of up to $260,000,000, consisting of a syndicated term loan of $190,000,000 and a revolving credit facility of up to $70,000,000, including a $10,000,000 swingline sublimit. Pursuant to the First Amendment, the Borrowers and the Lenders agreed to amend the Secured Credit Agreement in order to modify the financial covenants and adjust the borrowing capacity of the Company's revolving credit facility. The modifications to the financial covenants effect (i) an increase to the maximum threshold of the total leverage ratio to 4.5 to 1.0 commencing with the fiscal quarter ending December 31, 2024 through and including the fiscal quarter ending June 30, 2025, with periodic adjustments thereafter to a level of 4.75 to 1.0 from the fiscal quarter ending September 30, 2025 through and including the fiscal quarter ending March 31, 2026, and to a minimum of 4.25 to 1.0 commencing with the fiscal quarter ending March 31, 2027 for the remaining life of the facility and (ii) a reduction of the minimum threshold on the fixed charge coverage ratio to at least 1.25 to 1.0 commencing with the fiscal quarter ending December 31, 2024 to the end of the fiscal quarter en
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibit is attached to this Current Report on Form 8-K: Exhibit Number Exhibit Title or Description 10.1 First Amendment dated November 6, 2024 to the Second Amended & Restated Credit Agreement* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Schedules omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish a copy of any omitted schedule to the Securities and Exchange Commission upon request SIGNATURE 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. DLH Holdings Corp. By: /s/ Kathryn M. JohnBull Name: Kathryn M. JohnBull Title: Chief Financial Officer Date: November 12, 2024