ScanSource amends credit agreement for Libor-replacement provisions

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – ScanSource, Inc. entered into an amendment to its second amended and restated credit agreement with JPMorgan Chase Bank, NA as administrative agent on Thursday to replace Libor as the benchmark rate for non-U.S.-dollar loans and provides for an interpolated rate for seven-day Libor for U.S.-dollar loans, according to an 8-K filing with the Securities and Exchange Commission.

ScanSource is a Greenville, S.C.-based distributor of specialty technology products.

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