SED International, Inc. distributes technology solutions. It provides computer hardware, wireless communications, consumer electronics, and e-business solutions to channel partners throughout the United States and Latin America. It offers computer hardware, including cables, adapters, controllers, cases, power supplies, barebones, input devices, memory, motherboards, processors, sound and video cards, software, storage drives, displays, projectors, media products, networking products, PC cameras, power protection products, printers, scanners, and speakers, as well as desktops, notebooks, and servers. The company also offers consumer electronics, such as digital cameras, display mounts, gamin...
3505 Newpoint Place
Lawrenceville, GA 30043
Founded in 1980
SED International Holdings, Inc. and SED International, Inc. Enter into Eleventh Amendment to Loan and Security Agreement with Wells Fargo Bank
Mar 14 14
On March 13, 2014, SED International Holdings, Inc. and SED International, Inc. (the Borrowers) entered into an Eleventh Amendment to Loan and Security Agreement with Wells Fargo Bank, National Association (the Eleventh Amendment), which amends the Loan and Security Agreement, dated September 21, 2005 (the Loan Agreement), by and among the Borrowers, the lenders party thereto and Wells Fargo Bank, National Association, as agent for the lenders (the Agent). The Eleventh Amendment, among other things, reduces the amount of credit available to the Borrowers under the Loan Agreement for revolving loans from $60.0 million to $7.5 million and reduces the Special Availability Reserve (also known as a credit block) from $5.0 million to $3.75 million. The Borrowers expect that the Agent will continue to impose the full credit blocks available to it under the Loan Agreement. As of the date hereof, after taking into account the credit blocks available to the Agent, the aggregate amount available for the Borrowers to borrow under the Loan Agreement is approximately $3.5 million. Based on its asset borrowing base as of the date hereof, the Company currently may borrow up to a total amount of approximately $1.8 million under the Loan Agreement.