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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 11, 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 11, 1998, the Company issued a press release announcing that it
intends to raise $200 million of gross proceeds through a private offering of
its senior notes in an offering 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 11, 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 11, 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 11, 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
PROPOSED PRIVATE OFFERING OF
SENIOR NOTES
SANTA CLARA, CALIF.,-June 11, 1998--EXODUS COMMUNICATIONS, INC.
(Nasdaq: EXDS) today announced that it intends, subject to market and other
conditions, to raise $200 million gross proceeds through a private offering of
its senior notes 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 senior notes will have a ten year term and interest will be paid
semi-annually in cash, with the first four interest payments funded from an
escrow of a portion of the gross proceeds. No other terms were discussed.
The securities to be offered will not be 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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