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Exhibit(a)(5)(CC)
FOR IMMEDIATE RELEASE
VERIO INC. EXTENDS DEBT TENDER OFFERS AND CONSENT SOLICITATIONS
ENGLEWOOD, Colorado (August 22, 2000) - Verio Inc. (NASDAQ: VRIO) announced that
it has extended the cash tender offers and consent solicitations (the "Debt
Tender Offers") for its outstanding 13 1/2% Senior Notes due 2004, 10 3/8%
Senior Notes due 2005, 11 1/4% Senior Notes due 2008, and 10 5/8% Senior Notes
due 2009 (collectively, the "Notes") until 5:00 p.m., New York City time, on
Wednesday, August 30, 2000. The Debt Tender Offers were previously scheduled to
expire at 5:00 p.m., New York City time, on Wednesday, August 23, 2000.
Verio extended the Debt Tender Offers as a result of NTT Communications
Corporation's announcement on Tuesday, August 22, 2000, that it extended the
expiration date of its tender offer (the "Equity Tender Offer") for all of the
outstanding shares of common stock, all outstanding shares of Series A 6.75%
Convertible Preferred Stock, and certain warrants to purchase shares of common
stock of Verio until midnight, New York City time, on Wednesday, August 30,
2000. Verio's acceptance of the Notes pursuant to the Debt Tender Offers is
subject to certain conditions, including the condition that NTT Communications
Corporation shall have consummated the Equity Tender Offer.
As provided in the Offer to Purchase and Consent Solicitation Statement dated
July 17, 2000, if the Debt Tender Offers are extended for more than three
business days, the consideration to be paid for Notes tendered in the Debt
Tender Offers will be calculated at 2:00 p.m., New York City time, on the second
business day prior to the expiration of the Debt Tender Offers. Therefore,
because of the Wednesday, August 30, 2000 expiration date for the Debt Tender
Offers, the consideration to be paid for Notes tendered was not calculated at
2:00 p.m., New York City time, on Monday, August 21, 2000, but will be
calculated at 2:00 p.m., New York City time, on Monday, August 28, 2000.
Verio has been advised by U.S. Bank Trust National Association, the Depositary
for the tender offers for the Notes that, as of 5:00 p.m., New York City time,
on August 21, 2000, holders of outstanding principal amount of 99.98% of its 13
1/2% Senior Notes due 2004, 99.96% of its 10 3/8% Senior Notes due 2005, 99.81%
of its 11 1/4% Senior Notes due 2008, and 100% of its 10 5/8% Senior Notes due
2009 have been validly tendered and not withdrawn.
Merrill Lynch & Co. is the exclusive dealer manager and solicitation agent for
the Debt Tender Offers. Questions regarding the terms of the Debt Tender Offers
may be directed to Merrill Lynch & Co. at (888) 654-8637 (toll-free) or (212)
449-4914 (collect), attention: Liability Management Group. Copies of the
offering documents may be obtained by calling Morrow & Co., Inc. at (800) 662-
5200 (toll-free) or (212) 754-8000 (collect).
Verio Inc. is the world's largest operator of Web sites for businesses and a
leading provider of comprehensive Internet services, with an emphasis on serving
the small and mid-sized business market. Verio offers customers a broad range
of Internet solutions, including high-speed access, Web hosting, e-commerce,
virtual private networks and other enhanced services. Verio supports its
operations with highly reliable and scalable national infrastructure and systems
including a Tier One national network. Verio delivers locally based sales and
engineering support in markets across the U.S. under the Verio brand name and
provides Web-hosting services to customers in more than 170 countries.
For more information on Verio, visit the company's Web site at
http://www.verio.com or call 888-GET-VERIO. Corporate headquarters are located
at 8005 S. Chester St., Suite 200, Englewood, Colorado 80112, 303-645-1900.
Except for the historical information contained herein, certain matters set
forth in this press release concerning Verio are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties, including but not limited to fluctuations in operating
results, additional capital
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requirements, competition, integration of acquisitions, and implementation of
network infrastructure. Readers are also encouraged to refer to Verio's reports
from time to time filed with the Securities and Exchange Commission, including
the company's current Annual Report on Form 10-K/A-1 filed on March 27, 2000;
the company's quarterly reports filed on Form 10-Q on May 10, 2000 and August
14, 2000; the company's current reports on Form 8-K filed on August 18, 2000,
August 3, 2000, July 18, 2000, July 14, 2000, June 28, 2000, June 2, 2000, May
8, 2000, May 1, 2000, March 1, 2000 and February 28, 2000; and the company's
Schedule 14D-9 filed on May 8, 2000 and May 18, 2000 and each of the amendments
thereto filed on May 24, June 13, June 15, June 20, June 30, July 14, July 20,
July 28, August 1, August 3, August 11, August 16 and August 18, 2000 for a
further discussion of Verio's business and risk factors that may affect
operating and financial results and other information regarding the pending
acquisition of Verio and related transactions.
