GREENWOOD VILLAGE, Colo.,
Dec. 31, 2016 /PRNewswire/
-- Ciber, Inc. (NYSE: CBR), a leading global information
technology consulting, services and outsourcing company, today
announced that on December 30, 2016,
it entered into Amendment No. 9 (the "Amendment"), effective
December 31, 2016, with Wells Fargo
Bank NA, ("Wells Fargo"), the lender under the Company's Asset
Based Lending Facility. As previously disclosed, the Company and
Wells Fargo agreed that the Company must receive a letter of intent
by November 1, 2016, and, by
December 31, 2016, close a potential
refinancing, refinancing, or any merger, acquisition, joint
venture, divestiture, or other disposition of some or all of the
assets of the Company with aggregate proceeds of at least
$25 million (the "Financial
Transaction"). The Amendment provides for an extension of the dates
by which the Company must receive a letter of intent to
January 15, 2017 and close the
Financial Transaction to January 31,
2017. The Amendment also provides, among other things, a
limitation in the amount of intercompany advances the Company can
make to fund the working capital needs of its international
operations. The foregoing description of the Amendment is qualified
in its entirety by reference to the Amendment, to be filed as an
exhibit to the Company's Annual Report on Form 10-K.
About Ciber, Inc.
Ciber is a global IT consulting company with approximately 5,500
employees in North America,
Europe and Asia/Pacific. Ciber partners with
organizations to develop technology strategies and solutions that
deliver tangible business value. Founded in 1974, the company
trades on the New York Stock Exchange (NYSE: CBR). For more
information, visit www.ciber.com and follow us on Twitter,
LinkedIn, Facebook, Google Plus and our blog.
Contact:
Scott Kozak
Global Communications, Investor and Industry Relations
303-967-1379
skozak@ciber.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ciber-enters-into-an-amendment-providing-for-an-extension-of-the-dates-by-which-the-company-must-close-a-financial-transaction-300384338.html
SOURCE Ciber, Inc.