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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) APRIL 9, 1999
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ORBITAL IMAGING CORPORATION
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(Exact Name of Registrant as Specified in Charter)
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<S> <C> <C>
Delaware 333-49583 54-1660268
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(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
21700 Atlantic Boulevard, Dulles, Virginia, 20166
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (703) 406-5000
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(Former Name or Former Address, if Changed Since Last Report) Not Applicable
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ITEM 5. OTHER EVENTS.
On April 9, 1999, Orbital Imaging Corporation ("ORBIMAGE") announced
an add-on offering of $65,000,000 in aggregate principal amount of its 11 5/8%
Senior Notes due 2005 in a private placement. The net proceeds of the offering
will be used to fund the purchase of a license to market and sell radar imagery
generated by a commercial radar imaging satellite and to provide funds for
working capital and general corporate purposes. The full text of the press
release announcing the offering is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description
99.1. Press Release dated April 9, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.
ORBITAL IMAGING CORPORATION
Date: April 15, 1999 By: /s/ Armand D. Mancini
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Name: Armand D. Mancini
Title: Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No. Description
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<S> <C>
99.1 Press Release dated April 9, 1999.
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EXHIBIT 99.1
NEWS
RELEASE
For Immediate Release For More Information Contact:
Barron Beneski (703) 406-5000
[email protected]
ORBIMAGE ANNOUNCES $65 MILLION ADD-ON OFFERING OF SENIOR NOTES
NEW CAPITAL COMPLETES FUNDING FOR RADAR IMAGERY SATELLITE LICENSE
(DULLES, VA 9 April 1999) -- Orbital Imaging Corporation
("ORBIMAGE") today announced an add-on offering of $65,000,000 in aggregate
principal amount of its 11 5/8% Senior Notes due 2005 in a private placement.
The net proceeds of the offering will be used to fund the purchase of a license
to market and sell radar imagery generated by a commercial radar imaging
satellite and to provide funds for working capital and general corporate
purposes.
The offering of the Notes is being conducted within the United
States pursuant to Rule 144A of the U.S. Securities Act of 1933, as amended. The
Notes have not been registered under the Securities Act. Accordingly, the Notes
may not be offered or sold in the United States, or to or for the account of
U.S. persons, absent registration or an applicable exemption from registration
requirements of the Securities Act and applicable state securities laws.
This announcement is neither an offer to sell nor a solicitation to
buy the Notes.
ORBIMAGE is a leading global provider of satellite-delivered Earth
imagery services with a planned constellation of four digital remote sensing
satellites. It currently operates the OrbView-1 atmospheric imaging satellite
that was launched in 1995, the OrbView-2 ocean and land multispectral imaging
satellite launched in 1997 and an integrated image receiving, processing and
distribution system with 14 active regional ground stations around the world.
ORBIMAGE also plans to launch the OrbView-3 high-resolution/hyperspectral
imaging satellite next year. In addition, ORBIMAGE recently secured the
worldwide distribution rights for the Canadian RadarSat-2 satellite system.
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Note to editors: To learn more about ORBIMAGE and to access our
recent press releases, visit our web site at www.orbimage.com.
