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AI brief of an SEC Form 8-K · Agilysys (AGYS)

Agilysys completes $150 million Book4Time acquisition, funded partly by $50 million loan

Neutral Impact 4 of 5 m&a Written later

Agilysys acquired all equity of Book4Time, a spa management software provider, for $150 million in cash, subject to post-closing adjustments. The company funded the deal with cash on hand and a $50 million draw on a new $75 million revolving credit facility with Bank of America as agent. The filing does not report Book4Time's financial results, so shareholders cannot yet assess the deal's effect on revenue or profit from this document.

Key points

  • Purchase price of $150 million in cash, subject to post-closing adjustments; the filing cites an approximate nine times revenue multiple
  • $50 million drawn on a $75 million revolving credit facility dated August 16, 2024, with a $25 million possible increase; revolver matures in three years
  • Initial interest margin of 1.625% over SOFR; covenants include minimum 3.00 to 1 interest coverage and leverage below 3.50 to 1.00
  • Company will discuss any impact on fiscal 2025 guidance on its fiscal 2025 second quarter earnings call in October 2024

The filing

CompanyAgilysys (AGYS)
Form8-K, current report
Filed with the SECAug 20, 2024, 4:32 PM ET
Accession number0000950170-24-099141

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.