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):
September 15, 2000
COMDIAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-9023 94-2443673
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
P.O. Box 7266
1180 Seminole Trail
Charlottesville, Virginia 22906-7266
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (804) 978-2200
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Item 5. OTHER EVENTS
On July 2, 2000, Comdial Corporation (the "Company") was not in
compliance with the covenant in its Credit Agreement with Bank of America,
N.A. ("BOA") dated October 22, 1998 relating to the ratio of funded debt to
earnings before interest, taxes, depreciation and amortization ("EBITDA").
The Company obtained a waiver from BOA with respect to that covenant that
was to expire August 30, 2000. In return, the Company agreed, in principle,
to restructure the Credit Agreement, as described in the Form 10-Q for the
second quarter of 2000, filed by the Company on August 25, 2000. The Company
and BOA did not have time to complete the revised Credit Agreement terms
before August 30, 2000. Accordingly, on August 28, 2000, BOA extended its
waiver on the same terms to September 15, 2000; and on September 15, 2000,
BOA further extended its waiver on the same terms to October 2, 2000.
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 under-
signed thereunto duly authorized.
COMDIAL CORPORATION
By: Paul K. Suijk
-------------
Name: Paul K. Suijk
Title: Senior Vice President and
Chief Financial Officer
Dated: September 15, 2000
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