FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 17, 2019
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Fusion Connect, Inc.
(Exact Name of Registrant as Specified in its Charter)
Item 1.01. Entry into a Material Definitive Agreement.
As previously reported, on May 10, 2019, Fusion Connect, Inc. (the “Company”) entered into that certain Super Senior Secured Credit Agreement, dated as of May 9, 2019 (the “Bridge Agreement”), by and among the Company, certain subsidiaries of the Company, Wilmington Trust, National Association, as administrative agent and collateral agent, and the lenders party thereto. Terms used but not otherwise defined herein have the meanings ascribed to them in the Bridge Agreement.
On May 17, 2019, the Company, certain subsidiaries of the Company and the Requisite Lenders under the Bridge Agreement agreed to extend certain milestones dates including, among others, the date by which the Company must enter into a restructuring support agreement with the ad hoc group of lenders under the First Lien Credit Agreement, which date has been extended until May 28, 2019. In connection therewith, the Company, its subsidiaries, the Requisite Lenders and Requisite Tranche A/Revolving Lenders under the First Lien Credit Agreement agreed to make corresponding changes to the Forbearance Agreement to reflect the extension of the milestones in the Bridge Agreement.
The Company cannot guarantee that it will be able to achieve the milestones referenced in the Bridge Agreement, obtain additional extensions of such milestones or forbearances from its lenders or that the Company will be able to comply with its other obligations under the Bridge Agreement, as amended, or the Company’s other credit agreements.
