August 21, 2014 8:52 PM ET

Software

Company Overview of Infor (US), Inc.

Company Overview

Infor (US), Inc. develops, services, and supports enterprise resource planning software solutions in the United States and internationally. The company offers clinical software, customer relationship management, enterprise asset management, enterprise performance management, financial management, healthcare integration and information exchange, human capital management, manufacturing management, and supply chain management solutions. It provides QuickStep, a set of preconfigured solutions for organizations that want to implement without major modifications; and Learning Accelerator, a platform for end-user training and system documentation that supports application lifecycle change managemen...

641 Avenue of the Americas

New York, NY 10011

United States

Founded in 1975

Phone:

678-319-8000

Key Executives for Infor (US), Inc.

Chief Executive Officer
Age: 54
President and Director
Chief Financial Officer and Director
Age: 40
Senior Vice President of Product Development
Age: 62
Principal Accounting Officer
Compensation as of Fiscal Year 2014.

Infor (US), Inc. Key Developments

Infor, Inc. and Infor (US), Inc. enters into Amendment No. 5 to the Credit Agreement

Infor, Inc. and Infor (US), Inc. entered into amendment No. 5 to the credit agreement dated as of April 5, 2012 (as amended from time to time prior to the effectiveness of the amendment), with Bank of America, N.A., as administrative agent, the existing revolving lenders party thereto, the issuing bank and the Swingline lender. The amendment provides for the reduction of the interest rate margins applicable to borrowings made in respect of the $150 million senior secured revolving credit facility under the credit agreement. Interest on borrowings under the revolver is based, at the company’s option, on a LIBOR rate, plus a margin of 2.75% per annum, or an alternate base rate, plus a margin of 1.75% per annum. No other changes were made to the terms of the revolver and as of the date hereof the revolver remains undrawn.

Infor and Infor (US) Enter into Amendment No. 4 to the Credit Agreement

On January 2, 2014, Infor, Inc. and Infor (US), Inc., a wholly owned subsidiary of the company, entered into Amendment No. 4 to the Credit Agreement dated as of April 5, 2012 with Bank of America, N.A., as administrative agent, the existing Lenders party thereto and the Additional Refinancing Lenders party thereto. The Amendment provides for, among other modifications to the Credit Agreement, the refinancing of all of the company's Tranche B-2 Term Loans with new term loans with an aggregate principal amount of $2,550,000,000 (the Tranche B-5 Term Loans). Interest on the Tranche B-5 Term Loans is based, at the company's option, on a LIBOR rate, plus a margin of 2.75% per annum, with a LIBOR floor of 1.00%, or an alternate base rate, plus a 1.75% margin. The Tranche B-5 Term Loans mature on June 3, 2020, which is the seventh anniversary of the Amendment No. 2 effective date. Pursuant to the terms of the Credit Agreement, the Tranche B-5 Term Loans are guaranteed by the company and certain of the company's domestic subsidiaries, and are secured by liens on substantially all of the assets of the company, Infor (US), Inc. and the other guarantors. The company and its restricted subsidiaries are subject to certain other affirmative and negative covenants in the Credit Agreement.

The Court Enters Judgment in Favor of ePlus in a Lawsuit Against Lawson Software Inc

The court entered judgment in favor of ePlus in a lawsuit filed against Lawson Software Inc. over the sale and service of products that infringe certain ePlus patents. The U.S. District Court for the Eastern District of Virginia on Aug. 16, 2013 granted ePlus Inc.'s motion to show cause why Lawson Software Inc. should not be held in contempt of the injunction order to stop the sale and service of products that infringe certain ePlus patents. The court entered judgment in favor of ePlus and ordered Lawson Software to pay the company about $18.2 million. Additionally, Lawson Software must pay a daily fine of $62,362 to the clerk of the court until it establishes that it is in compliance with the injunction order. However, the court suspended the payment obligation of the daily fine until Sept. 20, 2013 and if by then, Lawson Software purges the contempt and establishes that it is in compliance with the injunction order, it will not have to pay the daily fine. If by Sept. 20, 2013, Lawson Software does not establish that it is in compliance with the injunction order, the daily fine will be payable from Aug. 16, 2013 until compliance is established.

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