Attached files
| file | filename |
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| EX-99.1 - EXHIBIT 99.1 - Globalstar, Inc. | v341508_ex99-1.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): April 15, 2013
GLOBALSTAR, INC
(Exact name of registrant as specified in its charter)
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Delaware (State or other jurisdiction of incorporation) | ||
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001-33117 (Commission File Number) |
41-2116508 (IRS Employer Identification No.) | |
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300 Holiday Square Blvd. Covington, Louisiana 70433 (Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including area code: (985) 335-1500
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Not applicable
(Former name or former address, if changed since last report)
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| 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 (see General Instruction A.2. below): | ||
| ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
Amendment to Forbearance Agreements Related to 5.75% Convertible Senior Notes due 2028
Effective as of April 15, 2013, Globalstar, Inc. (the "Company") entered into an amendment to the April 1, 2013 forbearance agreement with beneficial owners and investment managers for beneficial owners (whom we refer to collectively as the "Forbearing Note Holders") of the Company's outstanding 5.75% Convertible Senior Notes due 2028 (the “Notes”). Pursuant to the amendment, the forbearance period is extended through 11:59 P.M. (ET) on April 22, 2013.
All of the other terms of the agreement remain unchanged. See the Company’s Current Report on Form 8-K filed on April 1, 2013.
Item 7.01. Regulation FD Disclosure.
On April 15, 2013, the Company issued a press release announcing that it had entered into an amendment to the forbearance agreement described in this Report. The press release is furnished as Exhibit 99.1 to this Report.
The information in Exhibit 99.1 and in this Item shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item. 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated April 15, 2013. |
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.
Dated: April 15, 2013
| GLOBALSTAR, INC. | ||
| By: | /s/ James Monroe III | |
| Name: James Monroe III | ||
| Title: Chief Executive Officer | ||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release dated April 15, 2013. |