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): November 20, 2006
CIBER, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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0-23488 |
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38-2046833 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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of incorporation) |
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File Number) |
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Identification No.) |
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5251 DTC Parkway, Suite 1400, Greenwood Village, Colorado |
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80111 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: (303) 220-0100
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))
Item 1.01. Entry into a Material Definitive Agreement.
Effective November 20, 2006, CIBER, Inc. entered into two term loan agreements with Wells Fargo Equipment Finance, Inc. for total financing of $8.9 million. The first loan was for $4.4 million and is to be repaid over 36 months. The proceeds received from this loan were used to re-finance previously purchased data center assets and will pay down our bank line of credit. The second loan was for $4.5 million and is to be repaid over 24 months. The proceeds received from this loan were used to purchase new hardware and software in connection with the 24-month extension of a client engagement. Both loans are secured by certain hardware and software of similar value. Copies of the related loan agreements are furnished as exhibits to this Current Report on Form 8-K.
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99.1 |
Promissory Note dated as of November 15, 2006 between CIBER, Inc. and Wells Fargo Equipment Finance, Inc. |
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99.2 |
Installment Payment Agreement dated as of November 16, 2006 between CIBER, Inc. and Wells Fargo Equipment Finance, Inc. |
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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.
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CIBER, Inc. |
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Date: |
November 20, 2006 |
By: |
/s/ David G. Durham |
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David G. Durham |
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Chief Financial Officer, Senior |
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Vice President and Treasurer |
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