TEAM HEALTH HOLDINGS 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 22, 2009
Team Health Holdings, Inc.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (865) 693-1000
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
(a) On December 24, 2009, Team Health Holdings, Inc. (Holdings) entered into the Sixth Supplemental Indenture (the Sixth Supplemental Indenture), dated as of December 23, 2009, to the Indenture, dated as of November 23, 2005, among Team Finance LLC (Team Finance), Health Finance Corporation (Health Finance and, together with Team Finance, the Issuers) and The Bank of New York Mellon Trust Company, N.A. (the Trustee), as amended, restated and supplemented from time to time (the Indenture), whereby Holdings became a guarantor of the Issuers 11 1/4% Senior Subordinated Notes due 2013 to streamline the companys reporting obligations going forward.
The Sixth Supplemental Indenture is attached as Exhibit 4.1 hereto and is incorporated herein by reference.
(b) The second amendment, dated as of December 11, 2009, to Team Finances senior secured credit agreement became effective on December 22, 2009. The amendment provides Team Finance additional flexibility under certain of its covenants, including permitting it to make additional investments, loans and advances, to make additional repayments of its senior subordinated notes and to incur additional earn-out obligations in connection with permitted acquisitions. In addition, lenders holding $125.0 million of commitments in the aggregate under the revolving credit facility agreed to extend the maturity date of their commitments to August 23, 2012.
On December 23, 2009, the Issuers called for redemption of a portion of their 11 1/4% Senior Subordinated Notes due 2013 (the Notes). A notice of redemption has been sent by The Bank of New York Mellon Trust Company, N.A., the trustee for the Notes, to all registered holders of the Notes. An aggregate principal amount $136,938,000 of the Notes will be redeemed on a pro rata basis. The Notes will be redeemed at a redemption price of 107.000% of the principal amount thereof, plus accrued and unpaid interest. The date of redemption is January 25, 2010.
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.