Ciber amends ABL facility to extend financial transaction deadlines

By Tali Rackner

Norfolk, Va., Jan. 3 – Ciber Inc. entered into a ninth amendment to its asset-based lending facility with Wells Fargo Bank, NA on Friday, according to a press release.

The amendment extends the date by which the company must receive a letter of intent to Jan. 15 from Nov. 1 and the date by which it must close a potential refinancing or any merger, acquisition, joint venture, divestiture or other disposition of some or all of its assets with aggregate proceeds of at least $25 million to Jan. 31 from and Dec. 31.

The amendment also provides for a limit in the amount of intercompany advances Ciber can make to fund the working capital needs of its international operations.

Ciber is a Greenwood Village, Colo.-based system integration and information technology services consulting company.

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