0001104659-12-042332.txt : 20120607 0001104659-12-042332.hdr.sgml : 20120607 20120607161532 ACCESSION NUMBER: 0001104659-12-042332 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120604 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120607 DATE AS OF CHANGE: 20120607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Cash Access Holdings, Inc. CENTRAL INDEX KEY: 0001318568 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 200723270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32622 FILM NUMBER: 12895030 BUSINESS ADDRESS: STREET 1: 3525 EAST POST ROAD STREET 2: SUITE 120 CITY: LAS VEGAS STATE: NV ZIP: 89120 BUSINESS PHONE: 702-855-3000 MAIL ADDRESS: STREET 1: 3525 EAST POST ROAD STREET 2: SUITE 120 CITY: LAS VEGAS STATE: NV ZIP: 89120 FORMER COMPANY: FORMER CONFORMED NAME: GCA Holdings, Inc. DATE OF NAME CHANGE: 20050222 8-K 1 a12-14306_18k.htm 8-K

 

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): June 4, 2012

 

GLOBAL CASH ACCESS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32622

 

20-0723270

(State or other Jurisdiction of Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

3525 East Post Road, Suite 120
Las Vegas, Nevada

 

 

89120

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (800) 833-7110

 

 

 

 

(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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

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Item 1.01. Entry into a Material Definitive Agreement.

 

On June 4, 2012, Global Cash Access, Inc. (“GCA”), a wholly-owned subsidiary of Global Cash Access Holdings, Inc., entered into an amendment to the Contract Cash Solutions Agreement, dated as of November 12, 2010, with Wells Fargo Bank, N.A (“Wells Fargo”). The amendment increases the amount of funds that GCA may utilize from $400 million to $500 million to supply the currency needed for many of the automated teller machines (“ATMs”) operated by GCA. GCA also may request up to an additional $50 million in excess of the $500 million limit, not more than four times in any calendar year, for particular days during which GCA’s cash operating needs are greater than typical, such as New Year’s Eve; provided that Wells Fargo’s obligation to fulfill such request is on a best efforts basis. The amendment also extends the initial term of the agreement through November 30, 2014.  The foregoing description is qualified in its entirety to the terms and conditions of the amendment, a copy of which is attached as Exhibit 10.1 hereto.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

 

Exhibit No.

 

Document

 

 

 

10.1

 

Second Amendment to Contract Cash Solutions Agreement

 

 

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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 thereunto duly authorized.

 

 

 

 

 

 

GLOBAL CASH ACCESS HOLDINGS, INC.

 

 

 

Date: June 7, 2012

By:

/s/ Scott H. Betts

 

 

Scott H. Betts, Chief Executive Officer

 

 

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EXHIBIT INDEX

 

Exhibit No.

 

Document

10.1

 

Second Amendment to Contract Cash Solutions Agreement

 

 

4


EX-10.1 2 a12-14306_1ex10d1.htm EX-10.1

Exhibit 10.1

 

 

SECOND AMENDMENT TO CONTRACT CASH SOLUTIONS AGREEMENT

 

 

THIS SECOND AMENDMENT TO CONTRACT CASH SOLUTIONS AGREEMENT (this “Amendment”), dated and effective as of June 4, 2012, is made and entered into among GLOBAL CASH ACCESS, INC. (“GCA” or “Client”) and WELLS FARGO BANK, N.A. (“Wells Fargo”).

 

R E C I T A L S:

 

A.        Client and Wells Fargo entered into a Contract Cash Solutions Agreement, dated as of November 12, 2010 (as modified or amended from time to time, the “Agreement”).

 

B.         Client has requested that (i) Wells Fargo increase the Maximum Available Amount of Cash for use in the Covered Machines to $500,000,000.00, and (ii) extend the initial term of the Agreement through November 30, 2014, and subject to and on the terms and conditions of this Amendment, Wells Fargo has agreed to do so.

 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows, intending to be legally bound:

 

ARTICLE I

 

Definitions

 

Capitalized terms used in this Amendment, to the extent not otherwise defined herein, shall have the meanings assigned to such terms in the Agreement.

 

ARTICLE II

 

Amendments

 

Section 2.1.     Maximum Available Amount.  Section II.C is amended and restated in its entirety to read as follows:

 

“Maximum Amount of Cash to be Supplied.  The aggregate total of Cash to be provided by Wells Fargo under this Agreement shall at no time exceed $500 Million Dollars including (i) all Cash with Armored Carriers, (ii) all Cash in Covered Machines, and (iii) all payments owed by Servicers, including any amount to be reimbursed by way of credit to the Settlement Account in immediately available funds, net of all adjustments,

 

 

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chargebacks, representations and other corrections to all transactions under the Servicing Agreements (the “Maximum Available Amount”); provided, however, Wells Fargo acknowledges that Client may require Cash not to exceed $50 Million Dollars in excess of the Maximum Available Amount (the “Additional Requested Amount”) for a particular calendar day (e.g. New Year’s Eve), on an occasional basis but in no event more than four times in any calendar year, and in such a situation, Client shall use best efforts to notify Wells Fargo with reasonable advance notice of the anticipated calendar day and the anticipated amount of the Additional Requested Amount”) and Wells Fargo shall provide the Maximum Available Amount and shall use best efforts to provide Cash in an amount equal to the Additional Requested Amount.”

 

 

Section 2.2.   Term.  Section XI.A is amended and restated in its entirety to read as follows:

 

 

“General.  The initial term of this Agreement shall begin on the Effective Date and continue through November 30, 2014 and shall be renewed for additional one-year periods unless a Party gives at least 90 days’ prior written notice of its intent not to renew, provided, however, that each such renewal shall be subject to a written agreement about pricing and such other terms and conditions to be mutually agreed upon among the Parties (the “Stated Termination Date”), unless earlier terminated by a Party as provided in this Agreement (the “Actual Termination Date”).”

 

 

ARTICLE III

 

Representations and Warranties; Acknowledgments

 

Each of the Parties represents and warrants to the other that (i) the execution, delivery and performance of this Amendment has been duly authorized by all requisite action on its part; and (ii) it is in compliance with the terms of the Agreement applicable to it.

 

 

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ARTICLE IV

 

General Provisions

 

Section 4.1.      Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document.

 

Section 4.2.      Facsimile Signatures.  Delivery by fax of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment.

 

Section 4.3.      Section Headings.  The section headings in this Amendment are for purposes of reference only and shall not limit or affect any of the terms hereof.

 

Section 4.4.      Successors and Assigns.  This Amendment is binding upon and shall inure to the benefit of parties hereto and their respective successors and assigns, subject, however, to the requirements of Section XIII.D of the Agreement.

 

Section 4.5.      Governing Law.  The Governing Law shall govern this Amendment and the interpretation thereof.

 

Section 4.6.      Entire Agreement; Modification.  This Amendment constitutes the entire agreement between Wells Fargo and Client relating to the subject matter hereof and may not be changed orally, but only by written instrument signed by both Parties.  There are no restrictions, promises, warranties, covenants, or undertakings relating to the subject matter of this Amendment other than those expressly set forth or referred to herein.  Nothing in this Amendment alters or impairs the Agreement except for the amendments specifically provided herein.

 

IN WITNESS WHEREOF, each of the Parties hereto has caused this Amendment to be executed on its behalf by its duly authorized officers, as of the date and year written above.

 

 

  GLOBAL CASH ACCESS, INC.

 

 

WELLS FARGO BANK, N. A.

 

 

 

 

 

 

 

 

  By:

 /s/ Scott Betts

 

 

By:

 

/s/ Olga E. Wisnicky

 

 

Name:

Scott Betts

 

 

 

 

Name:

Olga E. Wisnicky

 

Title:

CEO

 

 

 

 

Title:

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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