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 30, 2004
PTEK HOLDINGS, INC.
(Exact name of Registrant as specified in its charter)
Georgia 000-27778 59-3074176
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(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
3399 Peachtree Road, N.E.
The Lenox Building, Suite 700
Atlanta, Georgia 30326
(Address 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
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On June 30, 2004, PTEK Holdings, Inc. ("PTEK" or the "Company") issued
a press release announcing that it has closed a three-year $120 million
revolving credit facility with a syndicate led by Bank of America, N.A. The new
facility replaces the Company's previous $60 million credit facility and exceeds
the $100 million revolving credit commitment secured by the Company on May 10,
2004. The new facility will be available to retire the Company's remaining
public debt as well as for working capital, acquisitions and other corporate
purposes. As a result of the conversion of all outstanding $85 million principal
amount of the Company's 5% Convertible Subordinated Notes due August 2008 (the
"2008 Convertible Notes") into common stock on June 14, 2004, the Company did
not enter into the previously announced $40 million term loan, which would have
been available solely to underwrite the redemption of the 2008 Convertible
Notes.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
The following exhibit is filed herewith as part of this Current Report on
Form 8-K:
Exhibit No. Description
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99 Press Release, dated June 30, 2004, announcing the closing of $120
million credit facility.
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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.
Date: June 30, 2004 By: /s/ L. Scott Askins
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L. Scott Askins
Senior Vice President - Legal,
General Counsel and Secretary
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release, dated June 30, 2004, announcing the closing of
$120 million credit facility.
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