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): May 23, 2000
MGC Communications, Inc.
(Exact name of Registrant as specified in its charter)
Nevada 0-24059 88-0360042
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
171 Sully's Trail, Suite 202, Pittsford, NY 14534
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (716) 218-6550
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2
Item 5. Other Events.
On May 23, 2000 the Company announced that it is offering to exchange
any and all of its 13% Senior Secured Notes due 2004 currently owned by
Qualified Institutional Buyers and institutional accredited investors for 13%
Senior Notes due 2010 and soliciting consents to amendments to the indenture
governing the 13% Senior Secured Notes. A copy of the press release is filed as
an Exhibit to this report on Form 8-K and is hereby incorporated by reference in
its entirety.
On May 31, 2000 the Company announced that it had received the
requisite consents from a majority of the outstanding principal amount of its
13% Senior Secured Notes due 2004 to amend the indenture governing such notes
and had executed a supplemental indenture reflecting the amendments to such
indenture. A copy of the press release and supplemental indenture are filed as
Exhibits to this report on Form 8-K and are hereby incorporated by reference in
their entirety.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
None.
(b) Pro forma financial information.
None.
(c) Exhibits.
10.1 Supplemental Indenture dated May 31, 2000 between
Mpower and HSBC Bank USA
99.1. Press Release issued by Mpower on May 23, 2000.
99.2 Press Release issued by Mpower on May 31, 2000.
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EXHIBIT INDEX
Exhibit
No. Description
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10.1 Supplemental Indenture dated May 31, 2000 between
Mpower and HSBC Bank USA
99.1 Press Release issued by Mpower on May 23, 2000
99.2 Press Release issued by Mpower on May 31, 2000
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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 hereunto duly authorized.
MCG COMMUNICATIONS, INC
Date: June 1, 2000 /s/ Kent F. Heyman
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Name: Kent F. Heyman
Title: Vice President and General Counsel
