Hanger, Austin, Texas, announced that it has successfully solicited consents from holders of its $200 million aggregate principal amount 7⅛ percent senior notes due 2018 to amend and waive certain provisions of its indenture, dated November 2, 2010, among the company, its subsidiary guarantors, and Wilmington Trust Company, as trustee pursuant to which the notes were issued. As a result, on July 9, Hanger entered into the fourth supplemental indenture to amend and waive certain provisions of the indenture.
The supplemental indenture amends, effective September 29, 2014, the reporting covenant in the indenture to eliminate until November 16, 2015, any obligation for the company to deliver to the trustee or the noteholders the following reports required to be filed or furnished with the U.S. Securities and Exchange Commission (SEC): Form 10-Qs for the periods ended September 30, 2014, March 31, 2015, and June 30, 2015 and Form 10-K for the period ended December 31, 2014. The supplemental indenture also waives any default or event of default under the indenture that may occur or exist as a result of or in connection with the company’s failure to timely deliver to the trustee or the noteholders, or file with the SEC, the delayed SEC reports, provided that such delayed SEC reports are delivered to the trustee or the noteholders or filed with the SEC by November 16, 2015.
