Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HLTH > SEC Filings for HLTH > Form 8-K on 22-Sep-2009All Recent SEC Filings

Show all filings for HLTH CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HLTH CORP


22-Sep-2009

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry into a Material Definitive Agreement
On September 17, 2009, SNTC Holding, Inc. (which we refer to as the Seller), a wholly owned subsidiary of HLTH Corporation, entered into a Stock Purchase Agreement with Aurora Equity Partners III L.P. and Aurora Overseas Equity Partners III, L.P. (which we refer to as the Purchasers), providing for the sale of HLTH's Porex unit to the Purchasers. A copy of the press release announcing the entry into the Stock Purchase Agreement is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference.
Under the Stock Purchase Agreement, the Purchasers are acquiring all of the outstanding capital stock of Porex Corporation. The purchase price consists of $74.5 million in cash payable at closing and $67.5 million in senior secured notes (which we refer to as the Senior Secured Notes), issuable to the Seller under a Note Purchase Agreement to be entered into at closing. The Senior Secured Notes will accrue interest at a rate of 8.75% per annum, payable quarterly. The principal of the Senior Secured Notes is to be paid down by $10 million per year on the anniversary of the closing for each of the first three years and by a final payment of $37.5 million on the fourth anniversary of the closing. The Senior Secured Notes will be secured by assets of Porex Corporation. The purchase price is subject to customary adjustment based on the amount of Porex's working capital at the time the sale is completed.
The Stock Purchase Agreement contains representations and warranties, covenants, indemnification provisions and closing conditions that are customary for transactions of this type, including covenants by the Seller related to the conduct of the Porex business between the signing of the Stock Purchase Agreement and completion of the sale. HLTH has agreed to guarantee the full and timely payment and performance by the Seller of its obligations under the Stock Purchase Agreement. Completion of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. A copy of the Stock Purchase Agreement is filed as Exhibit 2.1 to this Current Report.




Item 9.01. Financial Statements and Exhibits
(d) Exhibits. The following exhibits are filed herewith:

Exhibit
Number       Description

2.1*         Stock Purchase Agreement, dated as of September 17, 2009, among SNTC
             Holding, Inc., Aurora Equity Partners III L.P. and Aurora Overseas
             Equity Partners III, L.P.

99.1         Press Release, dated September 18, 2009, regarding entry into the
             Stock Purchase Agreement filed as Exhibit 2.1 to this Current Report

* Exhibits and schedules to Exhibit 2.1 are omitted from this filing pursuant to Item 601(b)(2) of Regulation S-K. The Registrant will furnish copies of any of the omitted exhibits and schedules to the Securities and Exchange Commission upon request.


  Add HLTH to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HLTH - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.