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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 26, 1998
EXODUS COMMUNICATIONS, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
0-23795 77-0403076
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(Commission File Number) (IRS Employer Identification No.)
2650 San Tomas Expressway, Santa Clara, California 95051
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(Address of principal executive offices) (Zip code)
(408) 346-2200
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On June 26, 1998, the Company issued a press release announcing that it
has entered into an agreement to sell $200 million of 11 1/4% senior notes due
2008 in a private offering. The offering will be made within the United States
to qualified institutional buyers and outside the United States to non-U.S.
persons. A copy of the press release is filed as Exhibit 99.1 and incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Exhibit Number Exhibit
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99.1 Press Release, dated June 26, 1998,
of Exodus Communications, Inc.
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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 thereunto duly authorized.
Exodus Communications, Inc.
Date: June 26, 1998 By: /s/ Richard S. Stoltz
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Richard S. Stoltz
Chief Operating Officer and
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit
Number Description of Exhibit
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99.1 Press Release, dated June 26, 1998, of Exodus
Communications, Inc.
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EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
Contact:
Dick Stoltz
Chief Operating Officer &
Chief Financial Officer
408/346-2533
EXODUS COMMUNICATIONS, INC. ANNOUNCES
PRICING OF PRIVATE OFFERING OF
11 1/4% SENIOR NOTES DUE 2008
SANTA CLARA, CALIF.,-June 26, 1998--EXODUS COMMUNICATIONS, INC.
(Nasdaq: EXDS) today announced that it has entered into an agreement to sell
$200 million of 11 1/4% Senior Notes due 2008 in a private offer. The offering
will be made within the United States to qualified institutional buyers and
outside the United States to certain non-U.S. investors.
The Company stated that it intends to use the net proceeds of the offering for
accelerated expansion of the Company's facilities and network infrastructure,
and for other general corporate purposes, including increased research and
development and possible acquisition of or investment in complementary
businesses, products, services or technologies.
The interest on the Senior Notes will be paid semi-annually in cash, with the
first four interest payments funded from an escrow of a portion of the gross
proceeds.
The Senior Notes have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), or any state securities laws, and unless so
registered, may not be offered or sold in the United States except pursuant to
an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering would be unlawful.
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