April 20, 2014 12:35 PM ET

Company Overview of GSI Group Corporation

Company Overview

GSI Group Corporation was incorporated in 1967 and is based in Bedford, Massachusetts. The company operates as a subsidiary of GSI Group Inc.

125 Middlesex Turnpike

Bedford, MA 01730

United States

Founded in 1967

Phone:

781-266-5700

Key Executives for GSI Group Corporation

Chief Executive Officer
Age: 48
Compensation as of Fiscal Year 2013.

GSI Group Corporation Key Developments

GSI Group Inc., GSI Group Corporation and NDS Surgical Imaging, LLC Enter into an Amendment to the Amended and Restated Credit Agreement

On February 10, 2014, GSI Group Inc., GSI Group Corporation and NDS Surgical Imaging, LLC, as the Borrowers, each of the company's other subsidiaries party thereto as guarantors, each lender party thereto, and Bank of America, N.A., as Administrative Agent, entered into an amendment to the Amended and Restated Credit Agreement, dated as of December 27, 2012, by and among the company, GSI, and NDS, Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and lender, Silicon Valley Bank, as Syndication Agent and lender, HSBC Bank USA, N.A., as Documentation Agent and lender, and JPMorgan Chase Bank, N.A., TD Bank, N.A., and Brown Brothers Harriman & Co., each as lenders. The Fourth Amendment increases the revolving credit facility commitment under the Amended and Restated Credit Agreement by $100 million from $75 million to $175 million and resets the accordion feature to $100 million for future expansion. Additionally, the Fourth Amendment increases the maximum permitted consolidated leverage ratio from 2.75 to 3.00, and increases the maximum consolidated leverage ratio for permitted acquisitions and stock repurchases from 2.25 to 2.50. Certain other technical changes were made to the Amended and Restated Credit Agreement as a result of the Fourth Amendment and are not considered material.

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