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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></font></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>FORM 8-K<BR>
<BR>
</B></FONT><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of<BR>
the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;<BR>
<FONT STYLE="font-size: 10pt"></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><FONT STYLE="font-size: 10pt">Date of Report (date of earliest event reported): June 22, 2012<BR></FONT></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="image_001.jpg" ALT=""><BR>
<B>(Exact name of Registrant as specified in its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%; padding-top: 0.75pt; padding-right: 0.75pt; border-bottom: Black 1pt solid; padding-left: 0.75pt; font-size: 10pt; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 32%; padding-top: 0.75pt; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">1-9824</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 32%; padding-top: 0.75pt; padding-right: 0.75pt; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">52-2080478</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State
                                                                                   or other jurisdiction of </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">incorporation or organization)</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">File Number)</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S.
                                                                                   Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification Number)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2100 Q Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Sacramento, CA 95816</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)
(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(916) 321-1846<BR>
</B>(Registrant&rsquo;s telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written
                                                                                                                                    communications
                                                                                                                                    pursuant
                                                                                                                                    to
                                                                                                                                    Rule
                                                                                                                                    425
                                                                                                                                    under
                                                                                                                                    the
                                                                                                                                    Securities
                                                                                                                                    Act
                                                                                                                                    (17
                                                                                                                                    CFR
                                                                                                                                    230.425)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting
                                                                                                                                    material
                                                                                                                                    pursuant
                                                                                                                                    to
                                                                                                                                    Rule
                                                                                                                                    14a-12
                                                                                                                                    under
                                                                                                                                    the
                                                                                                                                    Exchange
                                                                                                                                    Act
                                                                                                                                    (17
                                                                                                                                    CFR
                                                                                                                                    240.14a-12)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement
                                                                                                                                    communications
                                                                                                                                    pursuant
                                                                                                                                    to
                                                                                                                                    Rule
                                                                                                                                    14d-2(b)
                                                                                                                                    under
                                                                                                                                    the
                                                                                                                                    Exchange
                                                                                                                                    Act
                                                                                                                                    (17
                                                                                                                                    CFR
                                                                                                                                    240.14d-2(b))</TD>
</TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement
                                                                                                                                    communications
                                                                                                                                    pursuant
                                                                                                                                    to
                                                                                                                                    Rule
                                                                                                                                    13e-4(c)
                                                                                                                                    under
                                                                                                                                    the
                                                                                                                                    Exchange
                                                                                                                                    Act
                                                                                                                                    (17
                                                                                                                                    CFR
                                                                                                                                    240.13e-4(c)) </TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement</B>
&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Second Amended and Restated Credit Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 22, 2012, The McClatchy Company
(the &ldquo;Company&rdquo;) <FONT STYLE="color: black">entered into a Second Amended and Restated Credit Agreement, among the Company,
the lenders from time to time party thereto, </FONT>Bank of America, N.A., as Administrative Agent and L/C Issuer, and JPMorgan
Chase Bank, N.A., as Syndication Agent <FONT STYLE="color: black">(the &ldquo;Second Amended Credit Agreement&rdquo;). The Second
Amended Credit Agreement amends and restates in its entirety the Amended and Restated Credit Agreement entered into as of February
11, 2010, among the Company, the lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, Swing
Line Lender and L/C Issuer, JP Morgan Chase Bank, N.A., as Syndication Agent, and Banc of America Securities LLC and J.P. Morgan
Securities Inc., as Joint Lead Arrangers and Joint Book Managers (as amended prior to entry into the Second Amended Credit Agreement,
the &ldquo;Original Credit Agreement&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the Second Amended Credit Agreement,
certain lenders agreed to extend the maturity of their commitments to January 31, 2015 (such lenders, the &ldquo;Extending Lenders&rdquo;).
The commitments of the lenders who chose not to extend the term of their commitments were reduced to zero and any indebtedness
and fees owed to such lenders pursuant to the Original Credit Agreement paid upon the effectiveness of the Second Amended Credit
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the Second Amended Credit Agreement,
the commitments under the credit facility will only be available for the issuance of standby letters of credit in an aggregate
amount of up to $36.1 million. The Company can request the issuance of letters of credit until January 24, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the Second Amended Credit Agreement
modified the Original Credit Agreement by (i) removing the requirement for mandatory prepayments of loans with any excess cash,
(ii) modifying the limitation on the Company&rsquo;s ability to declare and pay cash dividends or repurchase equity interests by
permitting such payments or repurchases so long as they are permitted under the indenture governing the Company&rsquo;s 11.50%
Senior Secured Notes due February 15, 2017, and (iii) reducing the minimum liquidity covenant to maintenance of not less than $10.0
million of cash and cash equivalents as of the end of each fiscal quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Second Amended Credit
Agreement, the Company paid amendment fees to the extending lenders, as well as arrangement fees and facility fees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Second
Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement,
which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(d)&nbsp;Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; border-bottom: windowtext 1pt solid; font-weight: bold">Exhibit<BR> No.</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 85%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">Description</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">10.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Commitment Reduction and Amendment and Restatement Agreement, dated as of June 22, 2012, among the Company and Bank of America, N.A., as Administrative Agent.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">10.2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Second Amended and Restated Credit Agreement,<FONT STYLE="color: black"> dated as of June 22, 2012, among the Company, the lenders from time to time party thereto, and Bank of America, N.A., Administrative Agent and L/C Issuer.</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.5pt">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.</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">June 25, 2012&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%; border-bottom: Black 1pt solid; text-align: center">/s/ Karole
    Morgan-Prager</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><B>Karole Morgan-Prager</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">Vice
President, Corporate Development, General Counsel and Corporate Secretary&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 12%; border-bottom: windowtext 1pt solid; font-weight: bold">Exhibit<BR> No.</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 85%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">Description</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">10.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Commitment Reduction and Amendment and Restatement Agreement, dated as of June [22], 2012, among the Company and Bank of America, N.A., as Administrative Agent.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">10.2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Second Amended and Restated Credit Agreement, dated as of June [22], 2012, among the Company, the lenders from time to time party thereto, and Bank of America, N.A., Administrative Agent and L/C Issuer.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "MCCLATCHY CO", "cik": "0001056087", "assigned-sic": "2711", "irs-number": "522080478", "state-of-incorporation": "DE", "fiscal-year-end": "1225"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-46501", "film-number": "12924661"}, "business-address": {"street1": "LEGAL DEPARTMENT", "street2": "2100 Q STREET", "city": "SACRAMENTO", "state": "CA", "zip": "95852", "phone": "9163211846"}, "mail-address": {"street1": "LEGAL DEPARTMENT", "street2": "2100 Q STREET", "city": "SACRAMENTO", "state": "CA", "zip": "95816-6899"}, "former-company": {"former-conformed-name": "MNI NEWCO INC", "date-changed": "19980218"}}
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): June 22, 2012
(Exact name of Registrant as specified in its charter)
Delaware
1-9824
52-2080478
(State
                                                                                   or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S.
                                                                                   Employer
Identification Number)
2100 Q Street
Sacramento, CA 95816
(Address of principal executive offices)
(Zip Code)
(916) 321-1846
(Registrant's telephone number, including area code)
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 1.01 Entry into a Material Definitive Agreement
Second Amended and Restated Credit Agreement
On June 22, 2012, The McClatchy Company
(the "Company")
entered into a Second Amended and Restated Credit Agreement, among the Company,
the lenders from time to time party thereto,
Bank of America, N.A., as Administrative Agent and L/C Issuer, and JPMorgan
Chase Bank, N.A., as Syndication Agent
(the "Second Amended Credit Agreement"). The Second
Amended Credit Agreement amends and restates in its entirety the Amended and Restated Credit Agreement entered into as of February
11, 2010, among the Company, the lenders from time to time party thereto, Bank of America, N.A., as Administrative Agent, Swing
Line Lender and L/C Issuer, JP Morgan Chase Bank, N.A., as Syndication Agent, and Banc of America Securities LLC and J.P. Morgan
Securities Inc., as Joint Lead Arrangers and Joint Book Managers (as amended prior to entry into the Second Amended Credit Agreement,
the "Original Credit Agreement").
Under the Second Amended Credit Agreement,
certain lenders agreed to extend the maturity of their commitments to January 31, 2015 (such lenders, the "Extending Lenders").
The commitments of the lenders who chose not to extend the term of their commitments were reduced to zero and any indebtedness
and fees owed to such lenders pursuant to the Original Credit Agreement paid upon the effectiveness of the Second Amended Credit
Agreement.
Pursuant to the Second Amended Credit Agreement,
the commitments under the credit facility will only be available for the issuance of standby letters of credit in an aggregate
amount of up to $36.1 million. The Company can request the issuance of letters of credit until January 24, 2015.
In addition, the Second Amended Credit Agreement
modified the Original Credit Agreement by (i) removing the requirement for mandatory prepayments of loans with any excess cash,
(ii) modifying the limitation on the Company's ability to declare and pay cash dividends or repurchase equity interests by
permitting such payments or repurchases so long as they are permitted under the indenture governing the Company's 11.50%
Senior Secured Notes due February 15, 2017, and (iii) reducing the minimum liquidity covenant to maintenance of not less than $10.0
million of cash and cash equivalents as of the end of each fiscal quarter.
In connection with the Second Amended Credit
Agreement, the Company paid amendment fees to the extending lenders, as well as arrangement fees and facility fees.
The foregoing description of the Second
Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement,
which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No.
Description
10.1
Commitment Reduction and Amendment and Restatement Agreement, dated as of June 22, 2012, among the Company and Bank of America, N.A., as Administrative Agent.
10.2
Second Amended and Restated Credit Agreement,
dated as of June 22, 2012, among the Company, the lenders from time to time party thereto, and Bank of America, N.A., Administrative Agent and L/C Issuer.
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.
June 25, 2012
By:
/s/ Karole
    Morgan-Prager
Karole Morgan-Prager
Vice
President, Corporate Development, General Counsel and Corporate Secretary
EXHIBIT INDEX
Exhibit
No.
Description
10.1
Commitment Reduction and Amendment and Restatement Agreement, dated as of June [22], 2012, among the Company and Bank of America, N.A., as Administrative Agent.
10.2
Second Amended and Restated Credit Agreement, dated as of June [22], 2012, among the Company, the lenders from time to time party thereto, and Bank of America, N.A., Administrative Agent and L/C Issuer.