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VCI > SEC Filings for VCI > Form 8-K on 21-Jan-2014All Recent SEC Filings

Show all filings for VALASSIS COMMUNICATIONS INC

Form 8-K for VALASSIS COMMUNICATIONS INC


21-Jan-2014

Entry into a Material Definitive Agreement, Financial Statements and


Item 1.01. Entry Into a Material Definitive Agreement.

In connection with the offer to purchase and consent solicitation statement (the "Offer and Consent Solicitation") distributed to holders of outstanding notes on January 6, 2014 by Harland Clarke Holdings Corp. ("HCHC") in respect of Valassis Communications, Inc.'s ( the "Company") outstanding 6 5/8% Senior Notes Due 2021 (the "Notes") issued pursuant to the Indenture, dated as of January 28, 2011 (as amended, supplemented, waived or otherwise modified, the "Indenture"), among the Company, the guarantors party thereto (the " Guarantors") and Wells Fargo Bank, National Association (the "Trustee"), the Company, the Guarantors and the Trustee entered into a Second Supplemental Indenture to the Indenture (the "Second Supplemental Indenture"), dated as of January 17, 2014, following receipt of tenders and consents with respect to $241,564,000 in aggregate principal amount of Notes.

The Second Supplemental Indenture amends the Indenture to modify certain definitions contained in the Indenture so that the proposed acquisition by HCHC of all of the outstanding equity interests of the Company (the "Acquisition") pursuant to an agreement and plan of merger among the Company, HCHC and V Acquisition Sub, Inc. ("Merger Sub"), entered into on December 17, 2013, will not constitute a "Change of Control" under the Indenture, and the Company will not be required to make a "Change of Control Offer" under the Indenture in connection with the Acquisition.

Although the Second Supplemental Indenture has become effective, the amendments to the Indenture shall not become operative until the Acceptance Date (as defined in the Offer and Consent Solicitation), at which time they will automatically become effective without any further action immediately prior to the acceptance for payment of all shares of common stock of the Company tendered by holders thereof in the tender offer by Merger Sub for all of the outstanding common stock of the Company (the "Equity Tender Offer") on such date. The amendments to the Indenture shall not become effective, or shall cease to be operative as the case may be, if the Equity Tender Offer and related merger are not consummated or HCHC does not accept for payment the Notes tendered pursuant to the terms of the Offer and Consent Solicitation (the "Tendered Notes") or does not pay the applicable consideration to the holders of the Tendered Notes as required by the terms of the Offer and Consent Solicitation. Pursuant to the terms of the Offer and Consent Solicitation, HCHC's obligation to accept for purchase and pay for the Notes remains conditioned upon (a) the substantially concurrent completion of the Acquisition and (b) the satisfaction of certain other customary conditions, and HCHC may waive any and all such conditions in whole or in part, subject to applicable law and subject to the terms of the Merger Agreement.

This description of the Second Supplemental Indenture and related matters is not complete and is qualified in its entirety by the actual terms of the Second Supplemental Indenture, a copy of which is incorporated herein by reference and attached hereto as Exhibit 4.1.



Item 9.01. Financial Statements and Exhibits.

Exhibit
Number                                    Description

4.1          Second Supplemental Indenture, dated as of January 17, 2014, among
             Valassis Communications, Inc., the guarantors named therein and Wells
             Fargo Bank, National Association, as Trustee, relating to the 6 5/8%
             Senior Notes due 2021.


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