On December 9, Hanger, Austin, Texas, submitted Current Report on Form 8-K to the U.S. Securities and Exchange Commission (SEC) announcing a second amendment to the terms of its previously announced consent solicitation relating to its $200 million aggregate principal amount 7⅛ percent senior notes due 2018 issued under the November 2, 2010, indenture, with Wilmington Trust Company, as trustee. Upon approval by noteholders, the amendment will amend, among other things, (i) the proposed new reporting obligation in the indenture relating to the company’s issuance of certain cash flows and other data until Hanger is current in its reporting obligations with the SEC to provide the holders with an additional interest payment of $5 per $1,000 in aggregate principal amount of notes if the company fails to comply with the new reporting obligation, and (ii) the expiration date of the Consent Solicitation to December 14, 2015.
For more information, read “Hanger Announces Amendment to Amended and Restated Consent Solicitation,” and “Hanger Receives Default Notice, Seeks to Amend Indenture Terms.”
