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): November 1517, 2010

Local Insight Regatta Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		333-152302		20-8046735
(State or other jurisdiction of incorporation)		(Commission file number)		(IRS employer identification no.)

Delaware

(State or other jurisdiction

of incorporation)

333-152302

(Commission

file number)

20-8046735

(IRS employer

identification no.)

188 Inverness Drive West, Suite 800 Englewood, Colorado		80112
(Address of principal executive offices)		(Zip code)

188 Inverness Drive West, Suite 800

Englewood, Colorado

(Address of principal executive offices)

80112

(Zip code)

303-867-1600

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

¨	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 1.0301 ~~Bankruptcy~~Entry orinto ~~Receivership~~a Material Definitive Agreement.

On November 1718, 2010, Local Insight Regatta Holdings, Inc. (the “Company”), ~~all~~certain affiliates of ~~its~~the ~~domestic~~Company, ~~subsidiaries~~as ~~and~~guarantors, ~~certain~~the ~~affiliates~~lenders ofparty thereto (the ~~Company~~“Lenders”) ~~(together~~and ~~with~~J.P. Morgan ~~the~~Chase ~~Company~~Bank, N.A., as administrative agent, collateral agent and a Lender, entered into a Credit and Guarantee Agreement (the “~~Debtors~~DIP Credit Agreement”), ~~filed~~which ~~voluntary~~agreement ~~petitions~~remains insubject to final approval by the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). ~~seeking~~Pursuant ~~reorganization~~to ~~relief~~the ~~under~~terms and subject to the ~~provisions~~conditions ofset ~~Chapter~~out 11in ofthe ~~Title~~DIP 11Credit ofAgreement, the ~~United~~Lenders ~~States Code~~have (agreed to provide a debtor-in-possession financing facility to the Company ~~“Bankruptcy~~in ~~Code”)~~an amount not to exceed $25 million.

~~The~~On ~~prolonged~~November 17, ~~economic~~2010, ~~downturn~~the inCompany, all of its domestic subsidiaries and certain affiliates of the Company filed voluntary petitions with the Bankruptcy Court seeking reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code. On November 19, ~~declining~~2010, ~~use~~the ofBankruptcy ~~print~~Court ~~yellow~~entered an ~~page~~interim ~~directories,~~order approving the ~~highly~~transactions ~~competitive~~contemplated ~~local~~by ~~advertising~~the ~~industry~~DIP ~~and~~Credit Agreement. As a result of the ~~Company’s~~entry ~~significant~~of ~~outstanding~~such ~~indebtedness~~interim ~~have~~order, ~~combined~~up to ~~make~~$7.5 itmillion ~~difficult~~may ~~for~~be borrowed immediately subject to the ~~Company~~terms and conditions set out in the DIP Credit Agreement. Upon entry of a final order approving the transactions contemplated by the DIP Credit Agreement, up to ~~manage~~an ~~its~~additional ~~substantial~~$17.5 ~~debt~~million ~~burden~~may be borrowed on the terms and conditions set out in the DIP Credit Agreement.

OnThe ~~November 15,~~DIP ~~2010,~~Credit aAgreement ~~default~~provides ~~occurred~~an ~~under~~immediate source of funds to the Company’s, ~~senior~~enabling ~~secured~~the ~~credit~~Company ~~facilities~~to ~~(the~~satisfy ~~“Credit~~customary obligations ~~Facilities”)~~associated ~~due~~with to the ~~fact~~ongoing ~~that~~operation atof ~~September 30,~~its ~~2010,~~business ~~the~~and ~~Company:~~to ~~(i) exceeded~~make ~~the~~timely ~~maximum~~payment ~~allowable~~of ~~consolidated~~professional ~~leverage~~fees ~~ratio~~incurred ~~(i.e.,~~in connection with the ~~ratio~~bankruptcy ofprocess. ~~consolidated~~The ~~total~~DIP ~~debt~~Credit toAgreement ~~consolidated~~contemplates ~~EBITDA)~~that ~~and~~all obligations of the ~~maximum~~Company ~~allowable consolidated~~thereunder ~~senior~~will be secured ~~debt~~by ~~ratio~~substantially ~~(i.e.,~~all the ~~ratio~~assets of ~~consolidated~~the ~~senior~~Company ~~secured~~and ~~debt~~its tosubsidiaries. ~~consolidated~~All ~~EBITDA)~~amounts outstanding under the DIP Credit ~~Facilities~~Agreement ~~and~~are ~~(ii) failed~~scheduled to ~~meet~~become ~~the~~due ~~minimum~~and ~~consolidated~~payable ~~interest~~one ~~coverage~~year ~~ratio~~following ~~(i.e.,~~ the ~~ratio~~closing date of ~~consolidated~~ ~~EBITDA to consolidated interest expense) under~~ the DIP Credit ~~Facilities~~Agreement.

The ~~Debtors’~~Company ~~voluntary~~has ~~filing~~made ofcustomary ~~the bankruptcy petitions constituted a default under the Credit Facilities. As a result of such default~~representations, ~~the~~warranties ~~commitments under the Credit Facilities immediately terminated~~ and ~~all~~covenants ~~loans~~in ~~thereunder (with accrued interest thereon) and all other amounts owing under~~ the DIP Credit ~~Facilities became immediately due and payable~~Agreement. InConsummation ~~addition,~~of the ~~bankruptcy filing constituted a default under the indenture governing the Company’s 11% senior subordinated notes due 2017 (the “Notes”). As a~~transactions ~~result~~contemplated ofby ~~such default,~~ the ~~principal~~DIP ~~amount~~Credit ~~plus~~Agreement ~~accrued and unpaid interest on the Notes~~ is ~~due~~subject ~~and~~to ~~payable.~~customary Asclosing ~~of November 17, 2010, the aggregate amount owing under the Credit Facilities was approximately $339~~conditions.2 ~~million and the aggregate amount outstanding under the Notes was approximately $221.2 million.~~

The ~~Company~~foregoing ~~has~~summary ~~evaluated~~of ~~various~~the ~~options~~DIP ~~for~~Credit ~~restructuring~~Agreement ~~its balance sheet~~ and ~~debt service obligations to alleviate covenant issues under~~ the ~~Credit~~transactions ~~Facilities~~contemplated ~~and~~thereby todoes ~~create~~not apurport ~~capital structure that will permit the Company~~ to ~~remain~~be acomplete ~~going~~and ~~concern.~~is ~~The~~subject ~~Company believes that a financial restructuring designed~~ to ~~reduce its outstanding indebtedness~~, ~~strengthen its balance sheet~~ and ~~improve~~qualified in its ~~liquidity~~entirety ~~can~~by, ~~best~~the befull ~~achieved~~text ~~through~~of ~~a reorganization pursuant to a Chapter 11 proceeding under~~ the ~~Bankruptcy~~DIP ~~Code~~Credit Agreement.

~~The~~Item ~~Debtors~~5.02 ~~continue~~Departure ~~to operate their businesses as debtors-in-possession under the jurisdiction~~ of ~~the~~Directors ~~Bankruptcy~~or ~~Court~~Certain ~~and~~Officers; ~~in accordance~~Election ~~with the applicable provisions~~ of ~~the~~Directors; ~~Bankruptcy~~Appointment ~~Code. As~~ of ~~the~~Certain ~~date~~Officers; ofCompensatory ~~this~~Arrangements ~~Current Report on Form 8-K, a receiver, fiscal agent or similar officer has not been appointed. A copy~~ of ~~the~~Certain ~~press release dated November 18, 2010 announcing the Debtors’ bankruptcy filing is attached hereto as Exhibit 99~~Officers.1.

AsOn aNovember 17, ~~result~~2010, ofJohn ~~the~~Almeida, ~~Debtors’ bankruptcy filing~~Jr., ~~the~~Darren ~~ability~~C. ofBattistoni, ~~creditors~~Anthony toJ. ~~seek~~de ~~remedies~~Nicola toand ~~enforce~~Marilyn ~~their~~B. ~~rights~~Neal each ~~under~~resigned ~~the~~from ~~Credit Facilities and~~ the ~~Notes have been stayed, and creditors~~Company’s ~~rights~~board of ~~enforcement are subject to the applicable provisions of the Bankruptcy Code~~directors.

Item 27.0401 ~~Triggering~~Regulation ~~Events~~FD ~~that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement~~Disclosure.

~~The~~Attached ~~information~~hereto ~~required~~as byExhibit ~~Item 2~~99.041 ~~relating~~is toa presentation (the ~~Credit~~“Presentation”) ~~Facilities~~of the Company previously delivered to certain holders ~~and~~(the “Restricted Holders”) of the ~~Notes~~Company’s is11% ~~contained~~senior insubordinated ~~Item 1~~notes due 2017.03 ~~above~~The ~~and~~Restricted isHolders ~~incorporated~~have ~~herein~~expressly byagreed ~~reference~~to maintain in confidence the information disclosed in the Presentation until the filing of this Current Report on Form 8-K.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibit

Exhibit No.		Description
99.1		~~Press~~Slide ~~release~~presentation of the Company~~, dated November 18, 2010~~

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Local Insight Regatta Holdings, Inc., has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 1822, 2010

LOCAL INSIGHT REGATTA HOLDINGS, INC. By: /s/ JOHN S. FISCHER Name: Title: John S. Fischer ~~Title:~~ General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.		Description
99.1		~~Press~~Slide ~~release~~Presentation of the Company~~, dated November 18, 2010~~

Filing Compare · Local Insight Regatta Holdings, Inc.