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Material Agreement

Filed Nov 15, 2017 · 8y ago · Accession 0000103595-17-000022

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549   FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report:   November 14, 2016 VILLAGE SUPER MARKET, INC. (Exact Name of Registrant as specified in its charter)   New Jersey   0-2633  22-1576170 (State or Other jurisdiction of incorporation) (Commission File No.) (I.R.S. Employer Identification No.)                                           733 Mountain Avenue Springfield, New Jersey  07081 (Address of principal executive offices)   Registrant’s telephone number, including area code (973) 467-2200 Check the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [  ]  Written communication pursuant to Rule 425 under the Securities Act ( 17 CFR 230.425) [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act ( 17 CFR 240.14a-12) [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Item 1.01 Entry into a Material Definitive Agreement Effective November 9, 2017, Village Super Market, Inc. ("Village") entered into a credit agreement that amends, restates and supersedes in its entirety the Loan Agreement dated September 16, 1999 and all amendments to that agreement. The agreement maintains Village's unsecured revolving line of credit providing a maximum amount available for borrowing of $25,000,000, and extends the credit agreement to December 31, 2020.  The revolving credit line can be used for general corporate purposes. Indebtedness under this agreement bears interest at the applicable LIBOR rate plus 1.25%. The credit agreement continues to provide for up to $3,000,000 of letters of credit, which secure obligations for construction performance guarantees to municipalities.   The revolving loan agreement continues to contain covenants that, among other conditions, require a maximum liabilities to tangible net worth ratio, a minimum fixed charge coverage ratio and a positive net income. Item 9.01   Financial Statements and Exhibits   Description     10.1 Credit Agreement dated November 9, 2017   Signature Pursuant to the requirements of the Securities and Exchange Act of 1934. the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.   Village Super Market, Inc.     Dated: November 14, 2016 /s/ John L. Van Orden   John L. Van Orden   (Chief Financial Officer)
Filing details
Ticker
VLGEA
CIK
103595
Form type
8-K
Filing date
Nov 15, 2017
Report date
Nov 14, 2017
Document
creditagreement8-k.htm
Size
13.9 MB