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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
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Date of Report (Date of earliest event reported): August 1, 2000
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NEXTEL INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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WASHINGTON 333-26649 91-1671412
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
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10700 PARKRIDGE BOULEVARD, SUITE 600, RESTON, VIRGINIA 20191
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (703) 433-4000
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On August 1, 2000, we issued a press release announcing the completion of
a private placement of $650 million in aggregate principal amount of our 12.75%
Senior Serial Notes due 2010, which were sold at a discount of 98.622% of their
aggregate principal amount to produce a yield to stated maturity of 13%. A
copy of this press release is being filed as Exhibit 99.1 hereto and
is incorporated herein by reference.
This transaction generated approximately about $624 million in net
proceeds. Cash interest on the principal amount of the Senior Serial Notes is
payable semi-annually in arrears in cash on February 1 and August 1 of each
year, commencing February 1, 2001 at a rate of 12.75% per annum. The Senior
Serial Notes are redeemable at our option commencing August 1, 2005 at specified
redemption prices plus accrued interest. The Senior Serial Notes rank equally
with all of our unsubordinated and unsecured indebtedness. We intend to use the
net proceeds from this offering to finance network expansion, acquisitions of
additional spectrum, working capital needs or debt service requirements or for
other general corporate purposes.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
NOT APPLICABLE
(b) PRO FORMA FINANCIAL INFORMATION.
NOT APPLICABLE
(c) EXHIBITS.
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Exhibit No Exhibit Description
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4.1 Indenture, dated as of August 1, 2000, by and between Nextel International,
Inc. and The Bank of New York, as Trustee, relating to the 12.75% Senior
Serial Notes due 2010
4.2 Registration Rights Agreement, dated as of August 1, 2000, by and between
Nextel International, Inc. and the placement agents named therein relating
to the 12.75% Senior Serial Notes due 2010
99.1 Press Release issued August 1, 2000
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SIGNATURE
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.
NEXTEL INTERNATIONAL, INC.
Date: August 1, 2000 By: /s/ Thomas J. Sidman
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Vice President
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EXHIBIT INDEX
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Exhibit No Exhibit Description
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4.1 Indenture, dated as of August 1, 2000, by and between
Nextel International, Inc. and The Bank of New York, as Trustee, relating
to the 12.75% Senior Serial Notes due 2010
4.2 Registration Rights Agreement, dated as of August 1,
2000, by and between Nextel International, Inc. and
the placement agents named therein relating to the 12.75%
Senior Serial Notes due 2010
99.1 Press Release issued August 1, 2000
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