SEC Filing Summary: USA Mobility, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by USA Mobility, Inc. on December 17, 2004. The filing details a material definitive agreement involving the company's subsidiaries, Metrocall, Inc. and Arch Wireless Operating Company, regarding amendments to their credit facilities.
Key Financial Metrics and Debt Activity
- Debt Prepayment: On December 20, 2004, the borrowers prepaid $45.0 million in aggregate principal amount.
- Funding Sources: The prepayment consisted of $35.0 million from the Concentration Account and $10.0 million from cash balances on hand.
- Outstanding Debt: Following the prepayments, $95 million of aggregate principal amount remained outstanding under the Credit Agreement.
- Liquidity: The filing does not provide specific values for total cash flow, revenue, or profit margins.
Material Changes and Agreements
The company entered into Amendment No. 1 to its Credit Agreement (dated November 16, 2004). This amendment authorized the Collateral Agent to terminate the Concentration Account, provided all securities were converted to cash. Upon termination, the cash was utilized to make the aforementioned prepayments on the term loan.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future performance, or specific discussion of risks and contingencies beyond the execution of the debt amendment. No unusual items were reported.
Key Facts for Investor Verification
- Verify the total outstanding debt balance of $95 million under the amended Credit Agreement.
- Confirm the conversion of securities to cash within the Concentration Account prior to the $35.0 million prepayment.
- Note that the registrant is USA Mobility, Inc., not Spok Holdings, Inc., despite the metadata request.
- Check subsequent filings for any further changes to the $95 million term loan balance.