UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2006
(February 17, 2006)
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DST SYSTEMS, INC.
(Exact Name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation)
1-14036 43-1581814
(Commission File Number) (IRS Employer Identification No.)
333 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
(816) 435-1000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report).
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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 (see General Instruction A.2.):
[ ] 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-4(c))
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ITEM 1.01 Entry into a Material Definitive Agreement
DST Systems, Inc. ("DST") has entered into the First Amendment to Credit
Agreement, dated as of February 17, 2006 (the "Amendment"), to its credit
agreement dated as of June 28, 2005 (the "Credit Agreement"). The amendment is
among DST, the lenders identified in the amendment and Bank of America, N.A. as
Administrative Agent, L/C Issuer and Swing Line Lender. A copy of the Amendment
is filed as Exhibit 10.1 to this Form 8-K.
The Amendment amends the Credit Agreement to: (i) subject to certain
conditions, allow DST to request an increase of up to $600 million in the
aggregate revolving commitment, and (ii) clarify that DST is allowed to use cash
and/or DST stock to settle both the principal and accrued interest portion of
DST's Series A and B convertible senior debentures (upon conversion or
otherwise) and use DST stock to settle any conversion premium payable upon any
conversion of DST's Series A and B convertible senior debentures.
The above description of the Amendment is qualified in its entirety by
reference to the terms of the Amendment attached hereto as Exhibit 10.1.
ITEM 9.01 Financial Statements and Exhibits
(c). Exhibits.
Exhibit
Number Description
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10.1 First Amendment to Credit Agreement, dated as of February
17, 2006
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 on this 23rd day of February, 2006.
DST SYSTEMS, INC.
By: /s/ Randall D. Young
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Name: Randall D. Young
Title: Vice President, General Counsel
and Secretary