New Form 8 K Requirements and Executive Bryan Cave LLP

Instructions and help about New Form 8 K Requirements And Executive Bryan Cave LLP

[Music] so today we're gonna talk about a question we've been getting a lot from our public company clients which is do I need to file an 8k if I make a significant drama credit facility or really any Joe at all so what we're seeing more than usual is companies are drawing down on their revolvers and they're doing doing it rapidly sometimes taking the whole amount if it's material draw you do have to file an 8k but let's step step back get a little technical about the 8k disclosure rules around credit facilities so when you enter into material credit facility felony okay under item 101 well most companies do is also incorporate the 203 8k into that 101 8k that 203 okay might remember is a creation of a direct financial obligation so at the time of filing you basically say hey we entered into a credit facility and we may draw from time to time up to the full amount and 203 is basically allows you to do that to incorporate into 101 and for most companies that's the end of it and as they