Equity Media Holdings Corp - Current report filing (8-K)
27 March 2008 - 9:02PM
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): March 20,
2008
EQUITY
MEDIA HOLDINGS CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
|
|
Delaware
|
000-51418
|
20-2763411
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
|
One
Shackleford Drive, Suite 400
Little
Rock, Arkansas
|
72211
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
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)
¨
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))
Item
1.01 Entry into a Material Definitive
Agreement
.
On
March
20, 2008, Equity Media Holdings Corporation (“Company”) entered into an
amendment (“Amendment”) to its third amended and restated credit agreement
(“Credit Agreement”) with Silver Point Finance, LLC and Wells Fargo Foothill,
Inc. A copy of the Amendment and related agreements will be filed as exhibits
to
the Company’s Annual Report on Form 10-K for the year ended December 31, 2007.
Under the terms of the Amendment, the lender group has agreed to forbear from
exercising certain of their rights and remedies with respect to designated
defaults under the Credit Agreement through the earlier of (a) April 18, 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 enter into agreements with
respect to the sale of certain of its assets and the Company’s failure to secure
approvals for, and meet other criteria with respect to, financing alternatives
necessary to meet the Company’s immediate capital requirements.
Item
2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant
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
(c)
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.
|
|
|
|
EQUITY MEDIA HOLDINGS CORPORATION
|
|
|
|
March 26, 2008
|
By:
|
/s/ Henry G. Luken III
|
|
Henry G. Luken III
Chairman of the Board,
Chief Executive Officer and
|
|
|
3
Equity Media Holdings Corp (MM) (NASDAQ:EMDA)
Historical Stock Chart
From May 2024 to Jun 2024
Equity Media Holdings Corp (MM) (NASDAQ:EMDA)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Equity Media Holdings Corp (MM) (NASDAQ): 0 recent articles
More Equity Media Holdings Corp News Articles