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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): June 22, 1998
IMPSAT CORPORATION
IMPSAT S.A.
(Exact name of registrant as specified in its charter)
Delaware
Argentina
(State or other jurisdiction of incorporation)
52-1910372
333-12977 Not Applicable
(Commission File Number) (IRS Employer Identification Number)
Alferez Pareja 256 (1107)
Buenos Aires, Argentina
(Address of Principal Executive Offices)
(541) 300-4007
(Telephone Number, Including Area Code)
(Not Applicable)
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
IMPSAT Corporation made a public announcement on June 18, 1998 of the
successful consummation on June 17, 1998 of the sale of US$225,000,000 12-3/8%
Senior Notes due 2008 pursuant to Rule 144A under the U.S. Securities Act of
1933, as amended. The public announcement was made by means of a news release,
the text of which is set forth in Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibits are filed as a part of this report:
EXHIBIT NO.
99.1 News release Filed herewith.
.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
IMPSAT CORPORATION
By /s/ Guillermo Jofre
---------------
Guillermo Jofre
Chief Financial Officer
IMPSAT S.A.
By /s/ Guillermo Jofre
---------------
Guillermo Jofre
Finance Manager
Date: June 22, 1998
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EXHIBIT INDEX
EXHIBIT NO.
EXHIBIT NO.
99.1 News release Filed herewith.
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Exhibit 99.1
FOR IMMEDIATE RELEASE
For More Information Contact:
Ricardo Verdaguer, Chief Executive Officer
or
Guillermo Jofre, Chief Financial Officer
IMPSAT Corporation
Buenos Aires, Argentina
Tel: 541 300 4007, x3500
Fax: 541 307 1525
IMPSAT CORPORATION ANNOUNCES THE SUCCESSFUL LAUNCH
OF US$225 MILLION IN 10-YEAR SENIOR NOTES
(June 18, 1998 - New York, NY) - IMPSAT Corporation ("IMPSAT"), a leading
provider of private network telecommunications services in Latin America,
announced today the successful consummation on June 17, 1998 of the sale of
US$225,000,000 12 3/8% Senior Notes due 2008 pursuant to Rule 144A under the
U.S. Securities Act of 1933, as amended.
IMPSAT Corporation intends to use the net cash proceeds from the offering of the
Notes for planned capital expenditures by the Company's operating subsidiaries
in Argentina, Brazil and elsewhere in Latin America and for the refinancing of
existing short term indebtedness.
The notes were sold pursuant to an applicable exemption from the registration
requirements of the Securities Act and may not be offered or sold in the United
States absent registration or an applicable exemption from the Securities Act's
registration requirements.
IMPSAT is a leading provider of private telecommunications network services in
Latin America and is the largest private provider of data transmission services
in Argentina. The Company offers tailor-made, integrated telecommunications
solutions, with an emphasis on data transmission, for national and multinational
companies, financial institutions, governmental agencies and other business
customers. The Company currently has operations in Argentina, Colombia,
Venezuela, Ecuador, Mexico, Brazil and the United States.
