-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WWcYXWcxEOhg851uSqtubUda2vjN14HMdUH5fiel7yHUGSqDZGT38q8TJQAj7Fm7 kF3yhLDOUMobjN9BvWgaZg== 0001299933-08-006078.txt : 20081229 0001299933-08-006078.hdr.sgml : 20081225 20081229171041 ACCESSION NUMBER: 0001299933-08-006078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081219 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20081229 DATE AS OF CHANGE: 20081229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FISHER COMMUNICATIONS INC CENTRAL INDEX KEY: 0001034669 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 910222175 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22439 FILM NUMBER: 081273438 BUSINESS ADDRESS: STREET 1: 100 FOURTH AVENUE NORTH STREET 2: SUITE 510 CITY: SEATTLE STATE: WA ZIP: 98109-4932 BUSINESS PHONE: 2064047000 MAIL ADDRESS: STREET 1: 100 FOURTH AVENUE NORTH STREET 2: SUITE 510 CITY: SEATTLE STATE: WA ZIP: 98109-4932 FORMER COMPANY: FORMER CONFORMED NAME: FISHER COMPANIES INC DATE OF NAME CHANGE: 19970226 8-K 1 htm_30617.htm LIVE FILING FISHER COMMUNICATIONS, INC. (Form: 8-K)  

 

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):   December 19, 2008

FISHER COMMUNICATIONS, INC.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Washington 000-22439 91-0222175
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
100 Fourth Avenue N., Suite 510, Seattle, Washington   98109
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   206-404-7000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

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:

[  ]  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 1.02 Termination of a Material Definitive Agreement.

On December 19, 2008, Fisher Communications, Inc. (the "Company") terminated the Company’s Credit Agreement, dated as of September 20, 2004, among the Company, certain of its affiliates, and Wachovia Bank, National Association (the "Credit Agreement"). The termination was effective December 19, 2008.

The Credit Agreement provided the Company with a six year senior revolving credit facility for Company borrowings up to $20 million in the aggregate. The Credit Agreement placed limitations on various aspects of the Company’s business and operations, and amounts borrowed accrued interest at variable rates based at the Company’s option on either: (i) the LIBOR rate plus a margin of 250 basis points, or (ii) the higher of the prime rate plus 175 basis points, or the overnight federal funds rate plus 225 basis points. There have been no amounts outstanding pursuant to the Credit Agreement since August 29, 2008, and no borrowings were outstanding as of the termination. The Company did not incur any early termination penalties, and as a result of the termination, all encumbrances under the Credit Agreement will be released. The Company continues to have sufficient liquidity to fund its anticipated working capital and operating activity needs through 2009.





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.

         
    FISHER COMMUNICATIONS, INC.
          
December 29, 2008   By:   /s/ Joseph L. Lovejoy
       
        Name: Joseph L. Lovejoy
        Title: Senior Vice President & Chief Financial Officer
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