0001013606-15-000115.txt : 20150727 0001013606-15-000115.hdr.sgml : 20150727 20150724175938 ACCESSION NUMBER: 0001013606-15-000115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150721 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20150727 DATE AS OF CHANGE: 20150724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENDOLOGIX INC /DE/ CENTRAL INDEX KEY: 0001013606 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 680328265 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28440 FILM NUMBER: 151005459 BUSINESS ADDRESS: STREET 1: 2 MUSICK CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 9495957200 MAIL ADDRESS: STREET 1: 2 MUSICK CITY: IRVINE STATE: CA ZIP: 92618 FORMER COMPANY: FORMER CONFORMED NAME: RADIANCE MEDICAL SYSTEMS INC /DE/ DATE OF NAME CHANGE: 19990122 FORMER COMPANY: FORMER CONFORMED NAME: CARDIOVASCULAR DYNAMICS INC DATE OF NAME CHANGE: 19960506 8-K 1 form_8-kxitem102terminatio.htm 8-K MATERIAL AGREEMENT TERMINIATION Form_8-K_(Item 1.02 Termination of a Material Definitive Agreement.)


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 (Date of earliest event reported): July 21, 2015

ENDOLOGIX, INC.
(Exact name of registrant as specified in its charter)

Delaware
 
000-28440
 
68-0328265
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)

2 Musick, Irvine, CA
 
92618
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code: (949) 595-7200
 
N/A
(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:

¨
Written communications 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 1.02 Termination of a Material Definitive Agreement.
On July 21, 2015, Endologix, Inc. (“Endologix”) terminated the Credit Agreement with Wells Fargo Bank, National Association (“Wells Fargo”), dated as of October 30, 2009, as amended from time to time (the “Wells Fargo Facility”). Under the Wells Fargo Facility, Endologix could borrow up to $20 million under a revolving line of credit, subject to the calculation and limitation of a borrowing base. The Wells Fargo Facility also contemplated the issuance of up to $7.5 million in letters of credit for the account of Endologix. Any outstanding amounts under the Wells Fargo Facility bore interest at a variable rate equal to the Wells Fargo prime rate, plus 1.0%. The Wells Fargo Facility was secured by a security interest granted to Wells Fargo in substantially all of the assets of Endologix other than its intellectual property. Endologix terminated the Wells Fargo Facility in connection with its entry into a new credit facility with another banking institution having terms more favorable to Endologix. As of the date of termination, Endologix did not have any borrowings outstanding under the Wells Credit Facility. In addition, Endologix did not incur any early termination penalties in connection with the termination of the Wells Credit Facility.










SIGNATURES
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.
 
 
ENDOLOGIX, INC.
 
 
 
Date: July 24, 2015
 
/s/ John McDermott
 
 
Chief Executive Officer and Chairman of the Board