<SEC-DOCUMENT>0001140361-14-026801.txt : 20140627
<SEC-HEADER>0001140361-14-026801.hdr.sgml : 20140627
<ACCEPTANCE-DATETIME>20140626165249
ACCESSION NUMBER:		0001140361-14-026801
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140620
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20140626
DATE AS OF CHANGE:		20140626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000896429
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				232679963
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33365
		FILM NUMBER:		14943212

	BUSINESS ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 140
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6109890340

	MAIL ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 140
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA ENTERTAINMENT CENTER INC
		DATE OF NAME CHANGE:	19931029
</SEC-HEADER>
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<TYPE>8-K
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<DESCRIPTION>USA TECHNOLOGIES, INC 8-K 6-20-2014
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<div style="text-align: center; font-family: ''Times New Roman'', Times, serif; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="text-align: center; font-family: ''Times New Roman'', Times, serif; font-size: 12pt;">Washington, D.C. 20549</div>

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<div style="text-align: center; font-family: ''Times New Roman'', Times, serif; font-size: 18pt;">FORM 8-K</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Current Report Pursuant to Section 13 or 15(d) of</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">The Securities Exchange Act of 1934</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Date of report (Date of earliest event reported): June 20, 2014</div>

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<div style="text-align: center; font-family: ''Times New Roman'', Times, serif; font-size: 24pt;">USA TECHNOLOGIES, INC.</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">(Exact name of registrant as specified in its charter)</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">(I.R.S. Employer Identification No.)</div>
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<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">100 Deerfield Lane, Suite 140</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Malvern, Pennsylvania 19355</div>

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<td style="TEXT-ALIGN: left; WIDTH: auto; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td>
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<div style="TEXT-ALIGN: justify; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.01. Entry into a Material Definitive Agreement</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">On June 20, 2014, USA Technologies, Inc. (the &#8220;Company&#8221;) and Avidbank Corporate Finance, a division of Avidbank, entered into a Seventh Amendment (the "Seventh Amendment&#8221;) to the Loan and Security Agreement dated as of June 21, 2012, as amended by a First Amendment thereto dated as of January 1, 2013, a Second Amendment thereto dated as of April 2, 2013, a Third Amendment thereto dated as of April 11, 2013, a Fourth Amendment thereto dated as of April 29, 2013, a Fifth Amendment thereto dated as of September 26, 2013, and a Sixth Amendment thereto dated as of May 15, 2014&#160; (collectively, the &#8220;Loan Agreement&#8221;).</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">The Loan Agreement provides for a secured asset-based revolving line of credit facility (the &#8220;Line of Credit&#8221;). The Seventh Amendment increases the aggregate amount available to the Company under the Line of Credit from up to $5.0 million to up to $7.0 million, and extends the maturity date of the Line of Credit for an additional twelve months, or until June 21, 2015. The Seventh Amendment also provides that the Company must achieve a minimum Adjusted EBITDA (as defined and as specified therein) during each quarter of the Company&#8217;s fiscal year ending June 30, 2015.</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">SIGNATURES</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">Pursuant to the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: ''Times New Roman'', Times, serif; FONT-SIZE: 10pt">/s/ Stephen P. Herbert</div>
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