Item 1.01 Entry into a Material Definitive Agreement.
On January 10, 2020, Track Group, Inc. (the "Company") and Conrent Invest S.A.,
acting on behalf of its compartment, "Safety 2" entered into an amendment to the
facility agreement originally entered into by and between the parties on
December 30, 2013, as amended on February 24, 2019 (the "Amended Facility
Agreement"), containing certain provisions of the Company's existing $30.4
million unsecured debt facility. The latest Amended Facility Agreement extends
the maturity date from the earlier of either April 1, 2020 or the date upon
which the Outstanding Principal Amount, as defined therein, is repaid by the
Company, to July 1, 2021 (the "Maturity Date"). The Amended Facility Agreement
also extends the repayment date for all accrued interest to the Maturity Date.
Disclaimer.
The foregoing description of the Amended Facility Agreement does not purport to
be complete and is qualified, in its entirety, by reference to the full text of
the Amended Facility Agreement, attached to this Current Report on Form 8-K as
Exhibit 10.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Amendment to Facility Agreement by and between Track Group, Inc. and
Conrent Invest S.A., acting on behalf of its compartment, "Safety
2", dated January 10, 2020.
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