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EXHIBIT 99.2
Notice of Guaranteed Delivery
for
Tender of all Outstanding
9 1/8% Senior Notes due 2006
in Exchange for New
9 1/8% Senior Notes due 2006
and
9 1/2% Senior Notes due 2009
in Exchange for New
9 1/2% Senior Notes due 2009
of
Global Crossing Holdings Ltd.
Registered holders of unregistered, outstanding 9 1/8% Senior Notes due 2006
and unregistered, outstanding 9 1/2% Senior Notes due 2009 (the "Restricted
Notes") who wish to tender their Restricted Notes in exchange for a like
principal amount of new 9 1/8% Senior Notes due 2006 and new 9 1/2% Senior
Notes due 2009, respectively (the "Exchange Notes") and whose Restricted Notes
are not immediately available or who cannot deliver their Restricted Notes and
Letter of Transmittal (and any other documents required by the Letter of
Transmittal) to United States Trust Company of New York (the "Exchange Agent")
prior to the Expiration Date, may use this Notice of Guaranteed Delivery or one
substantially equivalent hereto. This Notice of Guaranteed Delivery may be
delivered by hand or sent by facsimile transmission (receipt confirmed by
telephone and an original delivered by guaranteed overnight courier) or mail to
the Exchange Agent. See "The New Exchange Offer--Guaranteed Delivery
Procedures" in the Prospectus Supplement.
Delivery of this Notice of Guaranteed Delivery to an address other than as
set forth above or transmission via a facsimile transmission to a number other
than as set forth above will not constitute a valid delivery.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an Eligible Institution (as defined in the Prospectus), such
signature guarantee must appear in the applicable space provided on the Letter
of Transmittal for Guarantee of Signatures.
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Ladies and Gentlemen:
The undersigned hereby tenders to the Exchange Agent the principal amount of
Restricted Notes indicated below, upon the terms and subject to the conditions
contained in the Prospectus Supplement dated [ ] and the Prospectus dated
April 19, 2000 of Global Crossing Holdings Ltd. (the "Prospectus Supplement"
and the "Prospectus", respectively), receipt of which is hereby acknowledged.
DESCRIPTION OF SECURITIES TENDERED
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<TABLE>
<CAPTION>
Certificate
Name and address Number(s) of
of registered Restricted Notes
holder as it Tendered (or
appears on the Account Number at Principal Amount
Restricted Notes Book-Entry of Restricted
Name of Tendering Holder (Please Print) Facility) Notes Tendered
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<S> <C> <C> <C>
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</TABLE>
SIGN HERE
Name of Registered or Acting Holder: ___________________________________________
Signature(s): __________________________________________________________________
Name(s) (please print): ________________________________________________________
Address: _______________________________________________________________________
_________________________________________________________________________
Telephone Number: ______________________________________________________________
Date: __________________________________________________________________________
2
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THE FOLLOWING GUARANTEE MUST BE COMPLETED
GUARANTEE OF DELIVERY
(Not to be used for signature guarantee)
The undersigned, a member of a recognized signature guarantee medallion
program within the meaning of Rule 17Ad-15 under the Securities Exchange Act
of 1934, as amended, hereby guarantees to deliver to the Exchange Agent at one
of its addresses set forth above, the certificates representing the Restricted
Notes (or a confirmation of book-entry transfer of such Restricted Notes into
the Exchange Agent's account at the book-entry transfer facility), together
with a properly completed and duly executed Letter of Transmittal (or
facsimile thereof), with any required signature guarantees, and any other
documents required by the Letter of Transmittal within three business days
after the Expiration Date (as defined in the Prospectus Supplement and the
Letter of Transmittal).
Name of Firm: _________________________________________________________________
Address: ______________________________________________________________________
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(Zip Code)
Area Code and Telephone No.: __________________________________________________
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(Authorized Signature)
Title: ________________________________________________________________________
Name: _________________________________________________________________________
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(Please type or print)
Date: _________________________________________________________________________
NOTE: DO NOT SEND RESTRICTED NOTES WITH THIS NOTICE OF GUARANTEED DELIVERY.
RESTRICTED NOTES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.
