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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): December 15, 1997
Medaphis Corporation
(Exact name of registrant as specified in its charter)
DELAWARE 000-19480 58-1651222
(State or other jurisdiction of incorporation) Commission File Number (IRS Employer Identification Number)
2700 CUMBERLAND PARKWAY
SUITE 300
ATLANTA, GEORGIA 30339
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 444-5300
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Exhibit Index Located on Page: 4
Total Number of Pages: 20
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Item 5. Other Events.
On December 15, 1997, the Registrant obtained a commitment from
Donaldson, Lufkin & Jenrette for a $210 million loan facility. The facility will
be used to refinance the Registrant's existing $168 million bank facility, to
provide liquidity for near term working capital needs and for general corporate
purposes. A copy of the commitment letter is filed as Exhibit 10.1 to this Form
8-K.
In addition, the Registrant issued a press release on December 16,
1997, a copy of which is filed as Exhibit 99.1 to this Form 8-K. The press
release relates to the commitment letter and to the preliminary approval by the
court on December 15, 1997 of a settlement of certain 1996 securities litigation
against the Registrant pursuant to the terms of a previously disclosed
memorandum of understanding.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
10.1 Commitment Letter from DLJ Bridge Finance, Inc. to
Medaphis Corporation, dated December 15, 1997, with
respect to $210 million in aggregate principal amount
of senior secured increasing rate notes.
99.1 Press Release issued by the Registrant on December
16, 1997
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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 thereunto duly authorized.
Date: December 16, 1997
MEDAPHIS CORPORATION
By: /s/ Jerome H. Baglien
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Jerome H. Baglien
Senior Vice President,
Chief Financial Officer and
Assistant Secretary
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INDEX TO EXHIBITS
EXHIBIT NUMBER PAGE NO.
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EX-10.1 Commitment Letter from DLJ Bridge Finance, Inc. to Medaphis
Corporation, dated December 15, 1997, with respect to $210
million in aggregate principal amount of senior secured
increasing rate notes ..............................................5
EX-99.1 Press Release issued by the Registrant on December 16, 1997.........18
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