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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): July 12, 2001
Arch Wireless, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-23232/001-14248 31-1358569
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Numbers) Identification No.)
1800 West Park Drive, Suite 250 01581
Westborough, MA
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (508) 870-6700
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Item 5. OTHER EVENTS.
On July 2, 2001, Arch Wireless Communications, Inc. ("AWCI"), a
subsidiary of Arch Wireless, Inc. (the "Registrant"), announced that it was
deferring an interest payment of approximately $8,287,500 which was due on July
2, 2001 (the "Interest Payment") under AWCI's outstanding 12-3/4% Senior Notes
due 2007 (the "12-3/4% Notes") and that if AWCI did not pay the Interest Payment
within 30 days, it would be in default under the indenture governing the 12-3/4%
Notes (the "Indenture"), which would also then constitute a default under
substantially all indebtedness for money borrowed of the Registrant, AWCI and
the Registrant's other direct and indirect subsidiaries.
On July 12, 2001, both AWCI and Arch Wireless Holdings, Inc., a
subsidiary of AWCI (the "Borrower"), received letters from The Bank of New York
("BNY"), acting in its capacity as administrative agent under that Third Amended
and Restated Credit Agreement, dated as of March 23, 2000, as amended, by and
among the Borrower, BNY and the other lenders party thereto (the "Credit
Agreement").
In these letters, BNY stated its belief that AWCI was in default under
the Indenture on the date that AWCI failed to pay the Interest Payment (July 2,
2001) and that, as a result, an event of default under the Credit Agreement
occurred on July 2, 2001 and is continuing. The Registrant, AWCI and the
Borrower disagree with BNY's conclusion that AWCI was in default under the
Indenture on the date that AWCI failed to pay the Interest Payment.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: July 13, 2001 ARCH WIRELESS, INC.
By: /s/ Gerald J. Cimmino
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Name: Gerald J. Cimmino
Title: Vice President and Treasurer