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 30, 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
1.01
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Entry
into a Material Definitive Agreement.
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On April 30,
2010, Securus Technologies, Inc. (the “Company”), its
newly-formed parent Securus Holdings, Inc., and its subsidiaries entered into a
Credit Agreement (the “Credit Agreement”)
with Jefferies Finance LLC (“Jefferies”) and
various other lenders, with Jefferies as a lender, lead arranger, book manager
and administrative and collateral agent.
Under the
Credit Agreement, the lenders provided the Company with a $185 million senior
secured credit facility and a $35 million revolving credit facility
(collectively, the “Loans”).
The Company
used proceeds from the Loans to refinance its existing $194 million 11.0% Second
Priority Senior Secured Notes due September 2011 (the “Public Notes”), the
Company’s existing revolver facility, and approximately $97.6 million of
the Company’s 17.0% Senior Subordinated Pay-in-Kind Notes due September
2014. The Company is redeeming $95.2 million of the Public Notes for
approximately $100.4 million, including accrued interest and call premiums,
effective June 1, 2010, with the balance of the Public Notes being exchanged for
approximately $51.6 million of the Company’s new Senior Subordinated Second Lien
Notes and $50.0 million of the new senior secured pay-in-kind toggle notes
issued by Securus Holdings, Inc.
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Item
2.03
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
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The disclosures contained above under
Item 1.01 are incorporated herein by reference.
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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May 5,
2010
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/s/ William D. Markert
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William
D. Markert
Chief
Financial Officer
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