MAD CATZ INTERACTIVE INC 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 2, 2005
MAD CATZ INTERACTIVE, INC.
(Exact Name of Registrant as Specified in Charter)
7480 Mission Valley Road, Suite 101
San Diego, California 92108
(Address of Principal Executive Offices)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
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:
On September 2, 2005, Mad Catz, Inc. the Registrants principle operating subsidiary (MCI), entered into a Letter Agreement (the Letter Agreement) amending and extending the terms of the First Amended and Restated Credit Agreement (the Credit Agreement) dated as of September 5, 2001, as amended from time to time, between MCI, as borrower, and Wachovia Capital Finance Corporation (Central), formerly Congress Financial Corporation (Central), as Lender and as U.S. Collateral Agent (the Lender). The Registrant and certain other subsidiaries of the Registrant are guarantors of the Credit Agreement and also executed the Letter Agreement.
In addition to extending the maturity date of the Credit Agreement until September 30, 2006, the Letter Agreement amended the interest rate payable under the Credit Agreement to be one quarter of one percent (.25%) per annum in excess of the prime rate applicable under the Credit Agreement, subject to increase, at the Lenders option, without notice, to the rate of three and one-quarter percent (3.25%) per annum in excess of the prime rate applicable under the Credit Agreement in some circumstances set forth in the Credit Agreement, as amended by the Letter Agreement.
The above description is qualified in its entirety by reference to the complete Letter Agreement, a copy of which is filed as Exhibit 10.1 hereto.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.