Subsequent Events

9 Months Ended

Sep. 30, 2011


16.	Subsequent Events

On October 3, 2011, the Company’s direct parent, Holdings, exchanged its second lien term loan as consideration to purchase its senior unsecured PIK term loans in connection with the Restructuring.

On October 3, 2011, the Company and its direct and indirect parent companies entered into the Shareholders’ Agreement with the New Shareholders. Pursuant to the Shareholders’ Agreement, as partial consideration for the Restructuring, the New Shareholders received their pro rata share of 40% of the fully diluted issued and outstanding equity of Worldwide, the direct parent of Holdings. See Note 13 — Equity — Shareholders’ Agreement for additional information.

On October 6, 2011, the Company entered into a revolving credit loan modification agreement related to the Fourth Amended and Restated Credit Agreement, pursuant to which its revolving credit facility reduced from $270 million to $181 million and the maturity date for $118 million of the revolving credit facility was extended to August 23, 2013. See Note 10 — Long-Term Debt for additional information.