form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): March 25, 2010
SECURUS
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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333-124962
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20-0673095
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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14651
DALLAS PARKWAY, SUITE 600
DALLAS,
TEXAS 75254-8815
(Address
of principal executive offices) (Zip Code)
(Registrant's
telephone number, including area code): (972) 277-0300
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
provisions:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01
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Other
Events.
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On March
25, 2010, Securus Technologies, Inc. (“Securus”) engaged Jefferies Finance LLC
to arrange a portion of the refinancing of Securus' existing outstanding
indebtedness, including a proposed (i) $40.0 million senior secured revolving
credit loan facility, and (ii) $170 million senior secured term loan facility
(collectively, the “Facilities”). After the refinancing and related
restructuring, Securus’ new capital structure would also include $51.5 million
of second lien PIK notes, and $50 million of PIK toggle notes at a holding
company to be formed as part of the refinancing. Securus intends to use proceeds
from the Facilities to finance the restructuring of its existing 11% Second
Priority Senior Secured Notes due September 2011 ($194.0 million outstanding)
and 17.0% Subordinated PIK Notes due September 2014 (approximately $97.6
million) and to pay related fees and expenses.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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SECURUS
TECHNOLOGIES, INC.
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March
30, 2010
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/s/
WILLIAM D. MARKERT
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William
D. Markert
Chief
Financial Officer
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