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):

August 31, 2018 (August 28, 2018)

Internap Corporation
(Exact Name of Registrant as Specified in Charter)

Delaware
001-31989
91-2145721
(State or Other Jurisdiction of Incorporation)
 (Commission File Number)
(IRS Employer Identification Number

12120 Sunset Hills Road, Suite 330, Reston, Virginia
  
20190
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s telephone number, including area code: (404) 302-9700

Not applicable
(Former Name or Former Address, if Changed Since Last Report)

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:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-2(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

ITEM 1.01
Entry into a Material Definitive Agreement.

On August 28, 2018, Internap Corporation (the “Company”) entered into the Incremental and Fifth Amendment to Credit Agreement among the Company, the Lenders party thereto and Jefferies Finance LLC, as Administrative Agent (the “Fifth Amendment”). The Fifth Amendment provides for a $10 million increase to the current revolving facility availability (the “Incremental Revolving Loan Commitment”) under the Company’s Credit Agreement dated as of April 6, 2017 (as amended, the “Credit Agreement”). The Incremental Revolving Loan Commitment and borrowings thereunder have terms and conditions identical to the existing revolving commitments under the Credit Agreement.  The additional borrowing capacity under the Incremental Revolving Loan Commitment may be used for near term customer installations and general corporate purposes. The Company and its subsidiaries from time to time have had, and may continue to have, various commercial, lending or other relationships with the lenders under the Credit Agreement and with affiliates of such lenders.

The foregoing description of the Fifth Amendment is a summary and is qualified in its entirety by reference to the complete terms and conditions of the Fifth Amendment, which is attached as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.

ITEM 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.

ITEM 9.01
Financial Statements and Exhibits.


(d)
Exhibits

The following exhibit is filed as part of this report:

Exhibit
No.
Description
   
Incremental and Fifth Amendment to Credit Agreement, dated as of August 28, 2018, among Internap Corporation, each of the Lenders party thereto and Jefferies Finance LLC, as Administrative Agent.

SIGNATURES

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 hereunto duly authorized.

 
INTERNAP CORPORATION
   
Date: August 31, 2018
By:
/s/ Richard Diegnan
   
Richard Diegnan
   
SVP and General Counsel