Equity Media Holdings Corp - Current report filing (8-K)
30 4월 2008 - 11:25PM
Edgar (US Regulatory)
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): April 28,
2008
EQUITY
MEDIA HOLDINGS CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
|
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Delaware
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000-51418
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20-2763411
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
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(IRS
Employer
Identification
No.)
|
|
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One
Shackleford Drive, Suite 400
Little
Rock, Arkansas
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72211
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (501) 219-2400
(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 (see General Instruction A.2. below):
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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¨
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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
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Entry
into a Material Definitive Agreement
.
|
On
April
28, 2008, Equity Media Holdings Corporation (“Company”) entered into a second
amendment (“Second Amendment”) to its Third Amended and Restated Credit
Agreement (“Credit Agreement”) with Silver Point Finance, LLC and Wells Fargo
Foothill, Inc. The Credit Agreement had been previously amended on March 19,
2008 (“First Amendment”), as reported by the Company in its Current Report on
Form 8-K filed with the Securities and Exchange Commission on March 20, 2008.
A
copy of the Second Amendment and related agreements will be filed as exhibits
to
the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31,
2008.
Under
the
terms of the Second Amendment, the lender group has agreed to forbear from
exercising certain of its rights and remedies with respect to existing defaults
and any other defaults or events of default under the Credit Agreement other
than any specified defaults described in the Second Amendment (which include,
but are not limited to, breaches of certain affirmative and negative covenants,
among others) through the earlier of (a) May 5, 2008 and (b) the date of
occurrence of certain events or by which certain events have failed to occur,
including the Company’s failure to consummate a proposed financing with certain
investors. The Second Amendment also provides for the lender group to make
additional loans to the Company in an amount not to exceed $5,495,541 (which
includes additional loans funded pursuant to the First Amendment).
Item
2.03
|
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a
Registrant
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The
disclosure set forth under Item 1.01 above is hereby incorporated by reference
into this Item 2.03.
Item
9.01.
|
Financial
Statements, Pro Forma Financial Information and
Exhibits
|
None
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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EQUITY
MEDIA HOLDINGS CORPORATION
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April
30, 2008
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By:
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/s/
Patrick G. Doran
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Patrick
G. Doran
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Chief
Financial Officer
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Equity Media Holdings Corp (MM) (NASDAQ:EMDA)
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