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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_______________
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: March 27, 2000 Date of earliest event reported: March 24, 2000
MGC COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Commission file number _-_____
NEVADA 88-0360042
(State of incorporation) (I.R.S. employer identification number)
171 Sully's Trail, Suite 202
Pittsford, NY 14534
(716) 218-6550
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. On March 27, 2000, the Company announced that it had closed on the
sale of $250 million of its 13% Senior Notes due 2010 pursuant to
a private placement. A copy of the press release is filed as an
exhibit to this report on Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is furnished as part of this report.
Exhibit numbers refer to Item 601 of Regulation S-K.
99 - March 27, 2000 Press Release
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.
MGC COMMUNICATIONS, INC.
March 27, 2000 By: /s/ Kent F. Heyman
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Kent F. Heyman
Senior Vice President and
General Counsel
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Exhibit 99
MPOWER COMMUNICATIONS CLOSES $250 MILLION DEBT OFFERING
Plans Metro Fiber Network Purchase
ROCHESTER, NY -- MARCH 27, 2000 -- Mpower Communications Corp. (NASDAQ: MPWR), a
facilities-based provider of broadband data, Internet and telephony services to
business customers, today announced that it has closed on the sale of $250
million of 13% Senior Notes due April 1, 2010.
Mpower plans to use the proceeds of the offering to fund capital expenditures,
including augmenting its national Digital Subscriber Line (DSL) build-out with
metropolitan fiber rings to connect the company's collocation facilities within
major markets. The funding will also be used for market expansion, working
capital, general corporate purposes, and, potentially, acquisitions.
ABOUT MPOWER COMMUNICATIONS
Mpower Communications (a/k/a MGC Communications, Inc.) is a leading provider of
facilities-based integrated communication services including Internet, Voice
over DSL (VoDSL), local phone service, custom calling features and long distance
services to business customers. The company currently operates in Southern
California (including Los Angeles, San Diego and Orange County), Chicago,
Atlanta, Southern Florida and Las Vegas. Further information about the company
can be found at http://www.mpowercom.com.
Certain statements contained in this press release that state Mpower
Communications and/or management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. Management wishes to
caution the reader these forward-looking statements are not historical facts and
are only estimates or predictions. Actual results may differ materially as a
result of risks and uncertainties including, but not limited to, projections of
future sales, returns on invested assets, regulatory approval processes, market
conditions and other risks detailed from time to time in Mpower's Securities and
Exchange Commission filings.
FOR MORE INFORMATION CONTACT:
Dave Clark Michele Sadwick
SVP Investor Relations VP Corporate Communications
Mpower Communications Mpower Communications
716/218-6559 716/218-6542
[email protected] [email protected]
