One Call October Business Update
As we work to improve One Call’s financial performance and strengthen the company’s capital structure and liquidity position for the long term, I would like to provide you with an update.
For the past couple of weeks, we have been engaging with our lenders on a comprehensive solution that will ensure One Call has an appropriate capital structure to support our long-term business objectives. As these constructive discussions continue, we decided to take advantage of an available grace period for making an interest payment due October 1 under the terms of one of our debt agreements. This grace period, which is fairly standard, allows us to defer this payment for 30 days – without constituting an event of default – while we work together on a solution.
As these important efforts to strengthen the company’s balance sheet progress, our hard work on key strategic initiatives to enhance the One Call experience continues. It is business as usual at One Call, and our customers, providers, the injured workers we serve, and our employees remain our priority.
We thank you for your continued partnership and truly value the trust that you place in One Call every day. As always, please feel free to reach out to your One Call representative with any questions.