Item 1.01 Entry into a Material Definitive Agreement
On June 30, 2020, Endologix, Inc. (the "Company") entered into Amendment No. 2
(the "ABL Forbearance Amendment No. 2") to Forbearance Agreement (the "ABL
Forbearance Agreement") to Credit Agreement, dated as of August 9, 2018 (as
amended, restated, supplemented or otherwise modified from time to time), with
the Lenders party thereto from time to time, and Deerfield ELGX Revolver, LLC,
as agent for itself and the Lenders (collectively, the "ABL Forbearing
Parties"). Additionally, on June 30, 2020, the Company entered into Amendment
No. 2 (the "Facility Forbearance Amendment No. 2" and, collectively with the ABL
Forbearance Amendment No. 2, the "Forbearance Amendments") to Forbearance
Agreement (the "Facility Forbearance Agreement" and, collectively with the ABL
Forbearance Agreement, the "Forbearance Agreements") to Amended and Restated
Facility Agreement, dated as of August 9, 2018 (as amended, restated,
supplemented or otherwise modified from time to time), with the Lenders party
thereto from time to time, and Deerfield Private Design Fund I.V., L.P. as agent
for itself and the Lenders.
The Forbearance Amendments extend the termination date of the forbearance period
provided for in the Forbearance Agreements from June 30, 2020 to July 8, 2020.
The foregoing descriptions of the ABL Forbearance Amendment No. 2 and the
Facility Forbearance Amendment No. 2 are not complete and are qualified in their
entirety by reference to the full text of such documents, copies of which will
be filed with the Company's next Quarterly Report on Form 10-Q in accordance
with the rules and regulations of the Securities and Exchange Commission.
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