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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) February 17, 1998
Medaphis Corporation
(Exact name of registrant as specified in this charter)
DELAWARE 000-19480 58-1651222
(State or other jurisdiction Commission File (IRS Employer
of incorporation) Number Identification Number)
2700 CUMBERLAND PARKWAY
SUITE 300
ATLANTA, GEORGIA 30339
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 444-5300
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Exhibit Index Located on Page: 4
Total Number of Pages: 6
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Item 5. Other Events.
The Registrant plans to close on February 20, 1998, the long-term
financing package announced on January 26, 1998. The financing package consists
of $175 million 9 1/2% Senior Notes due 2005 and a fully underwritten $100
million three-year revolving credit facility, which facility will be guaranteed
by the Registrant's domestic subsidiaries and secured by a first-priority lien
on substantially all material assets of the Registrant and its subsidiaries.
The Registrant priced the Senior Notes in the Rule 144A market on
February 17, 1998, with settlement expected on February 20. Closing of the
revolving credit facility is contingent upon customary closing conditions and
the completion of the Senior Notes offering; the Senior Notes offering is
contingent upon customary closing conditions. The Registrant issued a press
release on February 18, 1998, a copy of which is filed as Exhibit 99.1 to this
Form 8-K.
The Senior Notes have not been registered and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This Press Release shall not constitute an offer to sell or the
solicitation of an offer to buy the Senior Notes or any other securities.
Item 7. Financial Statements and Exhibits.
99.1 Press Release issued by the Registrant on February
18, 1998.
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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 thereunto duly authorized.
Date: February 18, 1998
MEDAPHIS CORPORATION
By: /s/ Randolph L.M. Hutto
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Randolph L.M. Hutto
Executive Vice President
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT NUMBER DESCRIPTION PAGE NUMBER
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<S> <C> <C>
99.1.......................Press Release issued by the
Registrant on February 18, 1998........5
</TABLE>
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EXHIBIT 99.1
MEDAPHIS(TM) NEWS
[MEDAPHIS LOGO]
MEDAPHIS CORPORATION
2700 Cumberland Parkway
Suite 300
Atlanta, Georgia 30339
(770) 444-4000
FOR IMMEDIATE RELEASE
INVESTOR CONTACT:
Caryn Dickerson
Medaphis
(770) 444-5357
MEDAPHIS ANNOUNCES FEBRUARY 20TH CLOSING DATE
FOR $275 MILLION LONG-TERM FINANCING PACKAGE
ATLANTA, GEORGIA - (February 18, 1998) - Medaphis Corporation [NASDAQ: MEDA]
said today that, on February 20, 1998, it plans to close the long-term financing
package the Company announced on January 26, 1998. The net proceeds from the
$275 million financing package will be used to refinance Medaphis' existing $210
million loan facility, maturing in 1999, and for general corporate purposes.
Medaphis had earlier announced that it expected to close the financing package
by March 31, 1998.
The financing package consists of $175 million 9 1/2 % Senior Notes due 2005 and
a fully underwritten $100 million three-year revolving credit facility, which
facility will be guaranteed by Medaphis' domestic subsidiaries and secured by a
first-priority lien on substantially all material assets of the Company and its
domestic subsidiaries. The Company priced the Senior Notes in the Rule 144A
market on February 17, 1998. The settlement date is February 20, 1998. The
revolving credit facility is contingent upon customary closing conditions and
the completion
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MEDAPHIS NEWS RELEASE
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of the Senior Notes offering; the Senior Notes offering is contingent upon
customary closing conditions.
ABOUT MEDAPHIS CORPORATION
Medaphis is a leader in delivering healthcare information products and services,
together with enabling technologies in selected industries. Based in Atlanta,
Georgia, Medaphis currently services approximately 20,700 physicians and 2,700
hospitals across the nation, and more than 100 systems integration customers in
service industries such as healthcare, communications, energy and financial
services.
The senior notes have not been registered and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This Press Release shall not constitute an offer to sell or the
solicitation of an offer to buy the senior notes or any other securities.
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