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 27, 2002
HORIZON TELCOM, INC.
(Exact name of registrant as specified in charter)
Ohio 0-32617 31-1449037
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
68 East Main Street
Chillicothe, Ohio 45601-0480
(Address of principal (Zip Code)
executive offices)
(Registrant's telephone number including area code) (740) 772-8200
Item 5. Other Events.
On June 27, 2002, our majority owned subsidiary Horizon PCS, Inc. entered
into an amendment to its senior credit facility. The amended facility primarily
adjusts certain financial covenants and increases the margin on the base
interest by 25 basis points, while also providing for the payment of fees to the
banking group, an increase in post-default interest rates, a new financial
covenant regarding minimum available cash, additional prepayment requirements,
restrictions on borrowings under the $95.0 million revolving credit facility,
and restrictions on horizon PCS' use of the $105.0 million it borrowed under the
secured credit facility in March 2002.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Exhibit
Number Description
- -------- -----------
10.40.6* Fourth Amendment to Credit Agreement and Waiver dated as of June 27,
2002 by and among Horizon Personal Communications, Inc., and Bright
Personal Communications Services, LLC, Horizon PCS, Inc. (the
"Parent") and certain Subsidiaries of the Parent, the several banks
and other financial institutions as may from time to time become
parties to the Agreement, Wachovia Bank, National Association
(successor to First Union National Bank), as Administrative Agent,
Westdeutsche Landesbank Girozentrale, as Syndication Agent and
Arranger and Fortis Capital Corp., as Documentation Agent..
- --------------------
* Incorporated by reference to the same exhibit number in the form 8-K filed
by Horizon PCS, Inc. on June 27, 2002
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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.
HORIZON PCS, INC.
Date: June 27, 2002 By: /s/ Peter M. Holland
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Peter M. Holland
Chief Financial Officer
(Principal Financial and Accounting Officer)
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