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Filed pursuant to Rule 424(b)(3)
Registration No. 333-90113
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED NOVEMBER 19, 1999)
CORECOMM LIMITED
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6% CONVERTIBLE SUBORDINATED NOTES DUE 2006
AND SHARES OF COMMON STOCK
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This prospectus supplement, together with the prospectus, is to be used by
certain selling securityholders to offer for resale up to $175,000,000 aggregate
principal amount of our 6% Convertible Subordinated Notes due 2006 and shares of
common stock issuable upon conversion of the convertible notes. The last
reported sale price per share for our common stock as reported on the Nasdaq
National Market on November 23, 1999 was $44.88 per share.
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WE URGE YOU TO CAREFULLY READ THE "RISK FACTORS" SECTION BEGINNING ON PAGE
8 OF THE ACCOMPANYING PROSPECTUS, WHERE WE DESCRIBE SPECIFIC RISKS ASSOCIATED
WITH THESE SECURITIES, BEFORE YOU MAKE YOUR INVESTMENT DECISION.
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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
This prospectus supplement is dated November 24, 1999
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The prospectus dated November 19, 1999 relating to the offer for resale of
up to $175,000,000 aggregate principal amount of convertible notes and shares of
common stock issuable upon conversion of the convertible notes is hereby amended
to replace the information in the table under the heading "Selling
Securityholders" on page 77 with the information in the following table. We may
further amend or supplement this table from time to time if necessary.
<TABLE>
<CAPTION>
PERCENT OF
PRINCIPAL AMOUNT OF COMMON TOTAL
CONVERTIBLE NOTES PERCENT OF TOTAL COMMON STOCK STOCK TO BE OUTSTANDING
BENEFICIALLY OWNED OUTSTANDING OWNED PRIOR TO REGISTERED COMMON
SELLING SECURITYHOLDERS AND OFFERED CONVERTIBLE NOTES ORIGINAL OFFERING HEREBY(1) STOCK(2)
- ----------------------- ------------------- ----------------- ----------------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Donaldson, Lufkin & Jenrette
Securities Corporation........... $ 26,392,000 15.1% 0 642,298 2.2%
Reliance Insurance Company....... 25,000,000 14.3 0 608,421 2.0
Deutsche Bank Securities Inc..... 14,250,000 8.1 0 346,800 1.2
New York Life Insurance
Company........................ 9,300,000 5.3 0 226,332 *
Lipper Convertibles, L.P. ....... 8,250,000 4.7 0 200,579 *
MFS Series Trust VI:
MFS Utilities Fund............. 7,880,000 4.5 0 191,774 *
BNP Arbitrage SNC................ 7,500,000 4.3 0 182,527 *
Baron Capital Partners, L.P...... 7,000,000 4.0 0 170,358 *
Baron Growth Fund Series of Baron
Asset Fund..................... 5,000,000 2.9 0 121,685 *
Baron Small Cap Series of Baron
Asset Fund..................... 5,000,000 2.9 0 121,685 *
MainStay Convertible Fund........ 5,000,000 2.9 0 121,685 *
Cumberland Partners.............. 4,823,000 2.8 0 117,376 *
CIBC World Markets
International Arbitrage
Corp........................... 4,500,000 2.6 0 109,516 *
Van Kampen Harbor
Fund Inc....................... 3,877,000 2.2 0 94,354 *
Bankers Trust, Trustee for
Chrysler Corp. Emp. #1 Pension
Plan Dtd 4/1/89................ 2,294,000 1.3 0 55,829 *
Lipper Convertibles Series II,
L.P. .......................... 2,000,000 1.1 0 48,674 *
MFS/Sunlife Series Trust:
Utilities Series............... 1,930,000 * 0 46,970 *
New York Life Insurance and
Annuity Corporation............ 1,700,000 * 0 41,373 *
Morgan Stanley Dean Witter....... 1,650,000 * 0 40,156 *
Morgan Stanley Dean Witter
Convertible Securities Trust... 1,500,000 * 0 36,506 *
Van Kampen Utility Fund.......... 1,380,000 * 0 33,585 *
State Street Bank, Custodian for
GE Pension Trust............... 1,216,000 * 0 29,594 *
State of Connecticut Combined
Investment Funds............... 1,070,000 * 0 26,040 *
Fidelity Financial Trust:
Fidelity Convertible Securities
Fund........................... 1,000,000 * 0 24,337 *
Chrysler Corporation Master
Retirement Trust............... 920,000 * 0 22,390 *
MFS Variable Insurance Trust: MFS
Utility Series................. 870,000 * 0 21,173 *
MFS Series Trust V: MFS Total
Return Fund.................... 816,000 * 0 19,859 *
</TABLE>
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<TABLE>
<CAPTION>
PERCENT OF
PRINCIPAL AMOUNT OF COMMON TOTAL
CONVERTIBLE NOTES PERCENT OF TOTAL COMMON STOCK STOCK TO BE OUTSTANDING
BENEFICIALLY OWNED OUTSTANDING OWNED PRIOR TO REGISTERED COMMON
SELLING SECURITYHOLDERS AND OFFERED CONVERTIBLE NOTES ORIGINAL OFFERING HEREBY(1) STOCK(2)
- ----------------------- ------------------- ----------------- ----------------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Van Kampen Convertible Securities
Fund............................. 743,000 * 0 18,082 *
LongView Partners................ 735,000 * 0 17,888 *
Del Mintz........................ 700,000 * 0 17,035 *
Vanguard Convertible Securities
Fund, Inc...................... 630,000 * 0 15,332 *
Southport Partners International,
Ltd. .......................... 600,000 * 0 14,602 *
Forest Global Convertible Fund
Series A-5..................... 510,000 * 0 12,412 *
TQA Master Fund, Ltd............. 500,000 * 0 12,169 *
Bancroft Convertible Fund,
Inc............................ 500,000 * 0 12,169 *
Ellsworth Convertible Growth and
Income Fund, Inc............... 500,000 * 0 12,169 *
Lazard Freres et Compagnie....... 500,000 * 0 12,169 *
Irving B. Spitz.................. 500,000 * 0 12,169 *
OCM Convertible Trust............ 495,000 * 0 12,047 *
State Employees' Retirement Fund
of the State of Delaware....... 490,000 * 0 11,925 *
LongView Partners B, L.P. ....... 487,000 * 0 11,852 *
Partner Reinsurance Company
Ltd............................ 480,000 * 0 11,682 *
Forest Fulcrum Fund LP........... 400,000 * 0 9,735 *
TQA Master Plus Fund, Ltd........ 350,000 * 0 8,518 *
Cumber International NV.......... 339,000 * 0 8,250 *
Southport Management Partners,
L.P. .......................... 300,000 * 0 7,301 *
Warren Potash & Marie C. Potash
Co-Trustees under Potash Living
Trust Dtd 10/18/95............. 250,000 * 40,375 6,084 *
Value Line Convertible
Fund, Inc...................... 200,000 * 0 4,868 *
Radix Associates................. 200,000 * 0 4,868 *
Franklin & Marshall College...... 174,000 * 0 4,235 *
LongView Partners C, L.P. ....... 162,000 * 0 3,943 *
Penn Treaty Network America
Insurance Co................... 155,000 * 0 3,773 *
LDG Limited...................... 150,000 * 0 3,650 *
Motion Picture Industry Health
Plan -- Active Member Fund..... 110,000 * 0 2,677 *
Charles V. Schaefer, Jr. ........ 101,000 * 0 2,458 *
Bill W. Mintz TTEE Revocable
Living Trust................... 100,000 * 29,700 2,434 *
Gary L. Mintz.................... 100,000 * 2,612 2,434 *
Mark Mintz....................... 100,000 * 1,562 2,434 *
Deltec Asset Management
Corporation.................... 100,000 * 0 2,434 *
Stuart Schapiro.................. 100,000 * 0 2,434 *
</TABLE>
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<TABLE>
<CAPTION>
PERCENT OF
PRINCIPAL AMOUNT OF COMMON TOTAL
CONVERTIBLE NOTES PERCENT OF TOTAL COMMON STOCK STOCK TO BE OUTSTANDING
BENEFICIALLY OWNED OUTSTANDING OWNED PRIOR TO REGISTERED COMMON
SELLING SECURITYHOLDERS AND OFFERED CONVERTIBLE NOTES ORIGINAL OFFERING HEREBY(1) STOCK(2)
- ----------------------- ------------------- ----------------- ----------------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Joan Schapiro.................... 100,000 * 0 2,434 *
Lawrence Flinn, Jr.
Master Partnership I........... 100,000 * 0 2,434 *
Stanley Knapp.................... 100,000 * 0 2,434 *
LLT Limited...................... 100,000 * 0 2,434 *
Delta Associates Limited
Partnership.................... 98,000 * 0 2,385 *
C-Valor Ltd. .................... 86,000 * 0 2,093 *
Edwin L. Cox..................... 81,000 * 0 1,971 *
Motion Picture Industry Health
Plan -- Retiree Member Fund.... 55,000 * 0 1,338 *
Peter E. Haas and Miriam L.
Haas........................... 39,000 * 0 949 *
Lawrence J. Stupski Revocable
Trust.......................... 31,000 * 0 754 *
Forest Alternative Strategies
Fund II LP Series A5I.......... 30,000 * 0 730 *
Sylvan IMA Ltd. c/o Forest
Investment Management LLC...... 20,000 * 0 487 *
Forest Alternative Strategies
Fund II LP A5M................. 15,000 * 0 365 *
The Stupski Family Trust......... 10,000 * 0 243 *
Singer Associates................ 8,000 * 0 195 *
MFS Series Trust I: MFS
Convertible Securities Fund.... 3,000 * 0 73 *
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Total........................ $164,755,000
</TABLE>
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* Less than one percent.
(1) The shares of common stock to be registered by this prospectus are
calculated on an "as converted" basis using the conversion rate described in
this prospectus.
(2) Assumes conversion of all common stock registered by this prospectus.
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