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EXHIBIT 99.02
FOR IMMEDIATE RELEASE
Contact:
Maureen O'Connell (media)
Exodus Communications, Inc.
(408) 346-2218
[email protected]
Damon Wright (investors)
Allen & Caron, Inc., for Exodus
(949) 474-4300
[email protected]
EXODUS COMMUNICATIONS, INC. ANNOUNCES PROPOSED SHELF REGISTRATION
SANTA CLARA, California, June 20, 2000 - Exodus Communications(TM), Inc.
(Nasdaq: EXDS) today announced that it intends to file a "universal shelf"
registration statement with the Securities and Exchange Commission. Under the
registration statement, Exodus(R) will be able to sell up to $2.0 billion of new
debt and equity securities in one or more public offerings over the next two
years. Exodus stated that the registration statement should provide flexibility
and efficiency in accessing the public securities markets should Exodus decide
to offer any securities for sale to the public in the future, although it has no
immediate plans to do so.
Exodus expects to use the net proceeds of any offerings under the "universal
shelf" to fund the expansion of its operations and for general corporate
purposes, or to finance the acquisition of assets or businesses to be used in
its system and network management business.
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, solicitation or sale would be
unlawful.
. . . end . . .
Exodus and Exodus Communications are trademarks of Exodus Communications, Inc.
and may be registered in certain jurisdictions.
