Dynamics modifies consolidated fixed-charge coverage ratio calculation

By Toni Weeks

San Luis Obispo, Calif., May 2 - Dynamics Research Corp. amended its senior subordinated loan agreement with Ares Mezzanine Partners, LP and its credit agreement with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Effective April 26, the amendments adjust the calculation of consolidated fixed-charge coverage ratio to exclude from the calculation of consolidated fixed charges the impact of any make-whole or call payments related to any such payment of the subordinated debt.

The Andover, Mass., company is a provider of information technology, engineering and other services for federal, state and local governments.

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