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): June 14, 2004
PTEK HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
Georgia | 000-27778 | 59-3074176 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
3399 Peachtree Rd., NE, Suite 700, Atlanta, GA 30326
(Addresses of Principal Executive Offices, including Zip Code)
(404) 262-8400
(Registrant’s Telephone Number, including Area Code)
Item 5.Other Events and Required FD Disclosure
On June 14, 2004, PTEK Holdings, Inc. (“PTEK” or the “Company”) issued a press release announcing that all outstanding $85 million principal amount of its 5.0% Convertible Subordinated Notes due August 2008 (the “Notes”) have converted into approximately 12.7 million shares of Company common stock, all of which are currently included in the Company’s diluted shares outstanding. PTEK will use cash and funds available under its credit facility to pay converting noteholders accrued interest of approximately $1.4 million and an aggregate “make-whole” payment of approximately $16.3 million (representing the net present value of future interest payments). PTEK anticipates taking a pre-tax charge of approximately $16.3 million during the second quarter related to the make-whole payment.
Item 7.Financial Statements and Exhibits
(c) | Exhibits |
The following exhibit is filed herewith as part of this Current Report on Form 8-K:
Exhibit No. | Description | |
99.1 | Press Release, dated June 14, 2004, announcing conversion of entire $85 million 2008 Convertible Notes |
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SIGNATURE
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.
PTEK HOLDINGS, INC. |
/s/ L. Scott Askins |
L. Scott Askins |
Senior Vice President – Legal, |
General Counsel and Secretary |
Date: June 14, 2004
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INDEX TO EXHIBITS
Exhibit No. | Description | |
99.1 | Press Release, dated June 14, 2004, announcing conversion of entire $85 million 2008 Convertible Notes |
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