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 14, 2003
ATX COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-49899 13-4078506
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
50 Monument Road, Bala Cynwyd, PA 19004
(Address of principal executive offices) (Zip code)
(610) 668-3000
(Registrant's telephone number, including area code)
CORECOMM HOLDCO, INC., 110 East 59th Street, New York, New York 10022
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
On March 17, 2003, ATX Communications, Inc. (the "Company") announced that
the Company and the lenders under the Company's senior credit facility (the
"Credit Facility") are currently in discussions regarding modifications to the
Credit Facility that would provide the Company increased liquidity to invest in
its operations. In order to accommodate the ongoing discussions regarding these
modifications, the Company and its senior lenders have agreed to extend the due
date of the Company's March 12, 2003 monthly interest payment to March 31, 2003.
Although management and the senior lenders are working diligently to modify the
Credit Facility, there can be no assurance that any such modifications or
amendments will be achieved on terms satisfactory to the Company or otherwise.
Item 7(c). Exhibits
10.01 Waiver, dated March 12, 2003 to the Credit Agreement, dated as of
September 28, 2000, as amended and restated as of April 11, 2001, and
amended by the First Amendment dated as of October 31, 2001, the Second
Amendment dated as of December 14, 2001 and the Third Amendment dated as
of March 29, 2002 among CCL Historical, Inc., formerly named CoreComm
Limited, the Company, CoreComm Communications, Inc., the lenders party
thereto and JPMorgan Chase Bank, as administrative agent and collateral
agent.
Cautionary Statement Regarding Forward Looking Statements
This document contains certain forward-looking statements that involve
substantial risks and uncertainties. All statements regarding the Company's
expected future financial position, results of operations, cash flows,
restructuring and financing plans, business strategy, budgets, projected costs,
capital expenditures, competitive positions, growth opportunities, plans and
objectives of management for future operations and statements that include words
such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend,"
"may," "could," "should," "will," and other similar expressions are
forward-looking statements. Such forward-looking statements are inherently
uncertain, and readers must recognize that actual results may differ from the
Company's expectations.
SIGNATURE
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 thereunto duly authorized.
Date: March 17, 2003 ATX COMMUNICATIONS, INC.
(Registrant)
By: /s/ Tom Gravina
--------------------------------
Name: Tom Gravina
Title: President and Chief Executive
Officer
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EXHIBIT INDEX
Exhibit No. Description
10.01 Waiver, dated March 12, 2003 to the Credit Agreement, dated as of
September 28, 2000, as amended and restated as of April 11, 2001,
and amended by the First Amendment dated as of October 31, 2001,
the Second Amendment dated as of December 14, 2001 and the Third
Amendment dated as of March 29, 2002 among CCL Historical, Inc.,
formerly named CoreComm Limited, the Company, CoreComm
Communications, Inc., the lenders party thereto and JPMorgan
Chase Bank, as administrative agent and collateral agent.
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