UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________________________________

FORM 8-K

~~CURRENT~~Current ~~REPORT~~Report

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 ORor 15(dD) OFof the Securities Exchange Act of 1934

~~THE~~Date ~~SECURITIES~~of ~~EXCHANGE~~Report ~~ACT~~(Date OFof ~~1934~~earliest event reported): December 8, 2008

Date of Report (Date of earliest event reported): March 6, 2007

CHARYS HOLDING COMPANY, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	0-18292	54-2152284
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

Delaware

~~1117 PERIMETER~~(State ~~CENTER~~or ~~WEST,~~other ~~SUITE~~jurisdiction ~~N415~~of incorporation or organization)

ATLANTA, GEORGIA 30338

0-18292 (Commission File Number)	54-2152284 (IRS Employer Identification No.)

1117 Perimeter Center West, Suite N415 Atlanta, Georgia (principal executive offices)	30338 (Zip Code)

(Address of principal executive offices)

(678) 443-2300

(Registrant’s telephone number, including area code)

None

(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:

o Written communications pursuant to Rule 425 under the Securities Act ~~(17 CFR 230.425)~~

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act ~~(17 CFR 240.14a-12)~~

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act ~~(17 CFR 240.14d-2(b))~~

o 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.~~

OnItem ~~March 6, 2007, Complete Tower Sources Inc~~2.02 ~~(“CTSI”),~~Results ~~a tower construction and installation subsidiary~~ of ~~Charys~~Operations ~~Holding Company, Inc. (“Charys”), entered into a Loan~~ and ~~Security~~Financial ~~Agreement (the “Loan Agreement”) with New Stream Commercial Finance, LLC (“New Stream”) providing for a revolving credit facility of up to $9,000,000 that expires on May 31, 2007~~Condition. The actual amount of credit available under the Loan Agreement will be subject to adjustment primarily based upon the value of CTSI’s receivables. Proceeds of the Loan Agreement may be used to by CTSI to refinance existing indebtedness, for transaction expenses, for working capital and other general corporate purposes, and for certain other specified purposes.

~~Pursuant~~On toFebruary ~~the~~20, ~~Loan Agreement~~2008, the ~~outstanding~~registrant ~~advances~~filed ~~made~~a ~~under~~Current ~~the Loan~~Report ~~Agreement~~on ~~bear~~Form ~~interest~~8-K atwith arespect ~~floating rate equal~~ to the ~~greater~~commencement of cases (i)the “Chapter 11~~% per~~ ~~annum and (ii~~Cases”) ~~2.75%~~by ~~per annum plus~~ the ~~greater~~registrant ~~of the Prime Rate~~ and ~~the Federal~~one ~~Funds~~of ~~Rate~~its ~~plus 50 basis points~~subsidiaries, ~~payable~~Crochet in& ~~arrears~~Borel onServices, ~~the first day of each calendar month~~Inc. ~~During~~ anunder ~~event~~Chapter 11 of ~~default~~ ~~under~~ the ~~Loan~~Bankruptcy ~~Agreement,~~Code ~~CTSI~~in ~~will~~the beUnited ~~subject~~States toBankruptcy anCourt ~~additional~~for ~~default rate of 2% or 4% per annum, depending upon~~ the ~~type~~District of Delaware (the “Bankruptcy ~~default~~Court”). In The ~~addition,~~Chapter ~~CTSI~~11 ~~was~~Cases ~~required~~were tocommenced ~~pay~~in ~~at closing~~the aBankruptcy ~~commitment~~Court ~~fee~~on ofFebruary ~~$100~~14,~~000~~ ~~and a closing fee of $200~~2008,~~000~~ asunder ~~well~~Case ~~as an unused line fee, a collateral monitoring fee, audit fees and commissions~~Nos. ~~Payment~~ ~~obligations~~08-10289 ~~under the Loan Agreement are secured by all of CTSI’s property~~ and ~~assets, whether real or personal, tangible or intangible, and whether now owned or hereafter acquired~~08-10290.

~~Under~~In ~~the~~connection ~~Loan~~with ~~Agreement,~~the ~~CTSI~~Chapter is11 ~~subject to certain limitations~~Cases, ~~including~~ ~~limitations~~the onregistrant and its ~~ability~~wholly-owned ~~to incur additional debt or sell assets~~subsidiary, to ~~make~~Crochet ~~certain~~& ~~investments~~Borel ~~and acquisitions~~Services, ~~to grant liens, and to pay dividends and distributions~~Inc. CTSI is also subject to financial covenants that include a minimum interest coverage ratio and a minimum net borrowing availability. The Loan Agreement contains a number of events of default (many of which are subject to applicable cure periods), ~~including, among~~filed ~~others, the failure to make payments when due, defaults under other contractual obligations, change of control, and noncompliance~~ with ~~covenants. Upon~~ the ~~occurrence~~Bankruptcy ofCourt ~~an event of default, New Stream may terminate~~ the ~~whole facility and declare all amounts outstanding to be immediately due and payable.~~following:

In· ~~connection~~First ~~with~~Amended ~~and~~Joint asPlan aof ~~condition~~Reorganization ~~precedent to the closing~~ of ~~the Loan~~Debtors ~~Agreement, Charys~~ and ~~Ayin~~Certain ~~Tower~~Nondebtor ~~Management~~Affiliates ~~Services,~~under ~~Inc.,~~Chapter a11 ~~wholly-owned subsidiary~~ of ~~Charys and~~ the ~~direct~~Bankruptcy ~~parent company of CTSI~~Code, ~~delivered guarantees~~filed ~~pursuant~~on toDecember ~~which~~8, ~~they~~2008 ~~have~~in ~~agreed~~the toUnited ~~guarantee~~States ~~payment~~Bankruptcy ~~and performance of CTSI’s obligations under the Loan Agreement~~Court, ~~and~~District ~~Charys paid to New Stream an underwriting fee~~ of ~~$75~~Delaware,~~000~~ ~~and~~Case aNo. ~~closing fee of $75,000~~08-10289.

~~The~~· ~~foregoing~~Proposed ~~description~~Disclosure Statement for First Amended Joint Plan of ~~the~~Reorganization ~~Loan~~of ~~Agreement~~Debtors isand ~~qualified~~Certain inNondebtor ~~its entirety~~Affiliates byunder ~~reference~~Chapter to11 of the ~~Loan~~Bankruptcy ~~Agreement~~Code, afiled ~~copy~~on ofDecember ~~which~~8, is2008 ~~filed~~in asthe ~~Exhibit 10.1~~United toStates ~~this~~Bankruptcy ~~report~~Court, District of Delaware, Case No. 08-10289.

~~Item~~Copies ~~2.03 Creation~~ of athe ~~Direct~~above-described ~~Financial~~filings ~~Obligation~~are orattached anhereto ~~Obligation~~as ~~under~~exhibits anto ~~Off-Balance~~this ~~Sheet~~Current ~~Agreement of a Registrant~~Report.

~~The information set forth in~~ Item 17.01 ~~hereof~~Regulation isFD ~~incorporated herein by reference~~Disclosure.

See Item 2.02, above.

Item 98.01 ~~Financial~~Other ~~Statements and Exhibits~~Events.

~~(d) Exhibits~~See Item 2.02, above.

10Item 9.~~1 Loan~~01 ~~and~~Financial ~~Security~~Statements ~~Agreement, dated March 6, 2007, between New Stream Commercial Finance, LLC~~ and ~~Complete Tower Sources Inc~~Exhibits.

~~10.2 Guarantee,~~(d) ~~dated March 6, 2007, by Charys Holding Company, Inc~~Exhibits. ~~in favor of New Stream Commercial Finance, LLC~~

~~10.3 Guarantee,~~The ~~dated~~following ~~March~~exhibits 6,are ~~2007,~~filed ~~by Ayin Tower Management Services, Inc. in favor of New Stream Commercial Finance, LLC~~herewith:

10.4 $10,000,000 Revolving Credit Note, dated March 6, 2007, by Complete Tower Sources Inc. payable to New Stream Commercial Finance, LLC

Exhibit No.	Identification of Exhibit
10.1	First Amended Joint Plan of Reorganization of Debtors and Certain Nondebtor Affiliates under Chapter 11 of the Bankruptcy Code, filed on December 8, 2008 in the United States Bankruptcy Court, District of Delaware, Case No. 08-10289.
10.2	Proposed Disclosure Statement for First Amended Joint Plan of Reorganization of Debtors and Certain Nondebtor Affiliates under Chapter 11 of the Bankruptcy Code, filed on December 8, 2008 in the United States Bankruptcy Court, District of Delaware, Case No. 08-10289.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant has duly caused this ~~report~~Report to be signed on its behalf by the undersigned hereunto duly authorized.

	CHARYS HOLDING COMPANY, INC.
Date: December 23, 2008	CHARYS HOLDING COMPANY, INC.
Date: March 22, 2007	By:	/s/ Billy V. Ray, Jr.
	By	/s/ Michael Oyster
		Billy V. Ray, Jr.
		Michael Oyster, Chief Executive Officer
		Chief Executive Officer

EXHIBIT INDEX

Exhibit No.		Description
10.1		Loan and Security Agreement, dated March 6, 2007, between New Stream Commercial Finance, LLC and Complete Tower Sources Inc.
10.2		Guarantee, dated March 6, 2007, by Charys Holding Company, Inc. in favor of New Stream Commercial Finance, LLC
10.3		Guarantee, dated March 6, 2007, by Ayin Tower Management Services, Inc. in favor of New Stream Commercial Finance, LLC
10.4		$10,000,000 Revolving Credit Note, dated March 6, 2007, by Complete Tower Sources Inc. payable to New Stream Commercial Finance, LLC

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