SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
September 12, 1997 (September 10, 1997)
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Date of Report (Date of earliest event reported)
PHYSICIAN COMPUTER NETWORK, INC.
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(Exact name of registrant as specified in charter)
New Jersey
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(State or other jurisdiction of incorporation)
0-19666
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(Commission File Number)
22-2485688
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(IRS Employer Identification No.)
1200 The American Road
Morris Plains, New Jersey 07950
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(Address of principal executive officers)
(201) 490-3100
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(Registrant's telephone number, including area code)
ITEM 5. Other Events
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On September 10, 1997, the Registrant entered into a
Credit Agreement (the "Agreement") with Lehman Commercial Paper
Inc., as the arranger and syndication agent, Fleet Bank, N.A., as
the administrative agent, and a group of banks and financial
institutions pursuant to which it established a senior secured
revolving credit facility of $110,000,000. The term of such
revolving credit facility is four years. The facility is
available to provide financing for acquisitions, working capital
and general corporate purposes.
(c) Exhibits.
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Exhibit 1 -- Press Release dated September 11, 1997.
Exhibit 2 -- Credit Agreement dated as of September 10,
1997, among Physician Computer Network, Inc., Lehman Commercial
Paper Inc., as Arranger and Syndication Agent, Fleet Bank, N.A.,
as administrative agent, and the several lenders from time to
time parties thereto.
Exhibit 3 -- Guarantee and Collateral Agreement dated
as of September 10, 1997, among Physician Computer Network, Inc.
and certain of its Subsidiaries in favor of Fleet Bank, N.A., as
Administrative Agent.
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 thereunto duly
authorized.
PHYSICIAN COMPUTER NETWORK, INC.
(REGISTRANT)
Date: September 11, 1997 By: /s/ John F. Mortell
John F. Mortell
Executive Vice President
and Chief Operating Officer