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NATIONAL MENTOR HOLDINGS, INC. FILES (8-K) Disclosing Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

September 4, 2014



Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

On September 4, 2014, National Mentor Holdings, Inc. (the "Company") issued a conditional notice of redemption to holders of its outstanding 12.5% Senior Notes due 2018 (the "Notes"), that the Company will redeem all of the outstanding $212 million aggregate principal amount of the Notes on October 6, 2014 (the "Redemption Date"). The redemption price of the Notes is 106.250% of the principal amount redeemed, plus accrued and unpaid interest to, but not including, the Redemption Date (the "Redemption Price"), in accordance with the provisions of the indenture governing the Notes. The notice of redemption was conditioned upon (A) the completion of the initial public offering (the "IPO") of Civitas Solutions, Inc., the indirect parent of the Company, and (B) the receipt of net proceeds from the IPO in an amount at least equal to the aggregate Redemption Price of the Notes (collectively, the "Financing Condition"). The Company reserves the right to waive any or all components of the Financing Condition in its sole discretion.

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Source: Edgar Glimpses


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