<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
November 20, 1998
METROMEDIA FIBER NETWORK, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 000-23269 11-3168327
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
C/O METROMEDIA FIBER NETWORK SERVICES, INC.
1 NORTH LEXINGTON AVENUE, WHITE PLAINS, NEW YORK 10601
(Address of Principal Executive Offices) (Zip Code)
(914) 421-6700
(Registrant's telephone number, include area code)
<PAGE>
METROMEDIA FIBER NETWORK, INC.
Item 5. Other Events
On November 20, 1998, Metromedia Fiber Network, Inc. issued a
press release (the "Release"), a copy of which is attached hereto as Exhibit
99.1, announcing the unregistered offering for $650,000,000 aggregate
principal amount of 10% Senior Notes due 2008. The Notes were issued on
November 25, 1998 at a price per note of 100%. The Release is incorporated
by reference herein and made a part hereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release, dated November 20, 1998, by Metromedia
Fiber Network, Inc.
<PAGE>
SIGNATURES
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 thereunto duly authorized.
Dated: December 3, 1998
METROMEDIA FIBER NETWORK, INC.
By: /s/ Gerard Benedetto
--------------------------------------
Gerard Benedetto
Vice President, Chief Financial
Officer & Chief Accounting Office
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibits
99.1 Press Release, dated November 20, 1998, by Metromedia Fiber
Network, Inc.
<PAGE>
Exhibit 99.1
METROMEIDA FIBER NETWORK, INC.
OFFERING OF SENIOR NOTES
New York--November 20, 1998--Metromedia Fiber Network, Inc. (MFNX:Nasdaq)
today announced that it is in the process of completing its unregistered
offering for $650,000,000 aggregate principal amount of 10.00% Senior Notes
due 2008. The Senior Notes will be issued on November 25, 1998, at a price
per Senior Note of 100.00%. The net proceeds from the offering are expected
to aggregate approximately $630.0 million. Approximately $91.5 million of
these proceeds well be used to purchase U.S. government securities that will
be pledged to secure the payment in full of the interest on the Senior Notes
through May 15, 2000. The balance of the net proceeds will be used for the
build-out of Metromedia Fiber Network's intra-city and inter-city networks in
the United States and Europe and for other capital expenditures, working
capital and other general corporate purposes, including possible acquisitions
of other companies or assets. The Senior Notes have not been and will not be
registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
CONTACT:
JEFFREY LUTH
G.A. KRAUT COMPANY, INC.
212-696-5600
