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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):
February 7, 2000
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LORAL SPACE & COMMUNICATIONS LTD.
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(Exact name of registrant as specified in its charter)
Islands of Bermuda 1-14180 13-3867424
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number
c/o Loral SpaceCom Corporation,
600 Third Avenue, New York, New York 10016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 697-1105
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Item 5. Other Events.
The press release of the registrant dated February 7, 2000, a
copy of which is attached hereto as Exhibit 99.1 is hereby incorporated by
reference.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
Exhibit 99.1 Press Release of Loral Space & Communications Ltd. dated
February 7, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
LORAL SPACE & COMMUNICATIONS LTD.
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(Registrant)
Date: February 8, 2000 By: /s/ Avi Katz
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Avi Katz
Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
Exhibit Description
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Exhibit 99.1 Press Release of Loral Space & Communications Ltd. dated
February 7, 2000
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Exhibit 99.1
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FOR IMMEDIATE RELEASE
Contact: Jeanette Clonan
(212) 338-5658
LORAL TO SELL $400 MILLION OF PREFERRED STOCK
IN A RULE 144A OFFERING
NEW YORK - February 7, 2000 - Loral Space & Communications announced today that
it plans to sell $400 million of convertible redeemable preferred stock due 2007
in an offering exempt from registration.
Loral intends to apply the proceeds from the sale of the preferred stock for
general corporate purposes, including investment in our broadband strategy and
expansion of the Loral Global Alliance, by acquisition of additional satellites
and orbital slots.
The preferred stock will be offered only to qualified institutional buyers
pursuant to Rule 144A and to certain persons in offshore transactions pursuant
to Regulation S under the Securities Act of 1933. The preferred stock has not
been registered under the Securities Act of 1933 and may not be offered or sold
in the United States absent registration or an applicable exemption from
registration requirements. This press release does not constitute an offer to
sell or the solicitation of any offer to buy the securities.
