UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On March 25, 2021, TTEC Holdings, Inc. (“TTEC”) entered into a fifth amendment (the “Fifth Amendment”) to its $900 million revolving line of credit (as amended, the “Credit Facility”) to increase the total commitments by $300 million to $1.2 billion by exercising the accordion feature. The $300 million increase is in the form of a term loan, which can be prepaid anytime and will become due on February 14, 2024, contemporaneously with the expiration of the revolving line of credit. The Credit Facility as amended provides TTEC with increased financial capacity and flexibility to support growth-oriented investments, strategic acquisitions, and discretionary capital distributions.
The above description is only a summary of the Fifth Amendment and is qualified in its entirety by the copy of the Fifth Amendment which will be filed with the Company’s quarterly report on Form 10Q for the period ending March 31, 2021.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.
Item 7.01 Regulation FD Disclosure.
On March 29, 2021, TTEC issued a press release announcing the increase in the Credit Facility. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press release announcing TTEC Increases its Credit Facility to $1.2 Billion. | |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). |
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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.
| Dated: March 29, 2021 | TTEC Holdings, Inc. (Registrant) | |
| By: | /s/ Regina M. Paolillo | |
| Name: | Regina M. Paolillo | |
| Title: | Chief Financial Officer | |
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