SKUL ITS BUYING SLOWLY THEIR OUTSTANDING SHARE..I WILL BET THIS COMPANY WILL BE SOON A TAKE OVER!
On January 25, 2013, Skullcandy, Inc. (the “Company”) and AG Acquisition Corporation (together with the Company, the “Borrowers”) entered into an Third Amendment to Revolving Credit and Security Agreement (the “Amendment”), with the financial institutions thereto (the “Lenders”), UPS Capital Corporation, as foreign collateral agent for the Lenders and PNC Bank, National Association, as administrative agent for the Lenders. The Amendment amended that certain Revolving Credit and Security Agreement, dated August 31, 2010, as amended on October 25, 2011, by that certain First Amendment and Waiver to Revolving Credit and Security Agreement, as further amended by that certain Amendment to Revolving Credit and Security Agreement, dated March 6, 2012, between the parties thereto. The Amendment allows for the Company to buy back up to $28.0 million of its outstanding common stock.
WHY SKUL WANT TO BE READY FOR THAT.UMM SOMETHING ITS COOKING AND WILL BE SOON TO BE READY ON THE TABLE.THATS APROX 40% FROM THE FLOAT ..The Amendment allows for the Company to buy back up to $28.0 million of its outstanding common stock