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): October 1, 2004
CIBER, INC.
(Exact name of registrant as specified in its charter)
Delaware | 0-23488 | 38-2046833 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5251 DTC Parkway, Suite 1400, Greenwood Village, Colorado 80111
(Address of principal executive offices) (Zip Code)
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:
CIBER, Inc.
Information to be included in the Report
Item 1.01 Entry Into a Material Definitive Agreement
On October 1, 2004, CIBER, Inc. amended its credit facility with Wells Fargo Bank, N.A. to increase its revolving line of credit from $50 million to $75 million. The line of credit will automatically reduce to $60 million on March 31, 2005 and reduce again to $50 million on September 30, 2005.
A copy of the amendment is attached as an Exhibit to this Form 8-K.
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
In anticipation of CIBER's compulsory cash offer for the remaining 6,285,893 publicly held shares of Novasoft AG, on October 5, 2004, CIBER borrowed approximately $30 million under its revolving line of credit with Wells Fargo Bank, N.A. The funds were transferred to CIBER's wholly owned German subsidiary, CIBER Holding GmbH to be held in escrow by ABN Amro NV to satisfy the cash availability confirmation requirements of the compulsory share purchase offer.
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.
CIBER, Inc. |
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Date: October 7, 2004 |
By: |
/s/ DAVID G. DURHAM David G. Durham Chief Financial Officer, Senior Vice President and Treasurer |