SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------------------------
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) OCTOBER 6, 1999
-----------------
CORECOMM LIMITED
-------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Bermuda 0-24521 Not Applicable
- -------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12
- ------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (441) 295-2244
----------------
-----------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
- ------- -------------
On October 6, 1999, CoreComm Limited closed its sale of $175 million of 6 %
Convertible Subordinated Notes due 2006 (the "Convertible Notes"), which
included the exercise of a $25 million over-allotment option. The proceeds from
the sale of the Convertible Notes will be used for working capital and other
general corporate purposes.
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Exhibits
99.1 Press Release, issued October 6, 1999
<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.
CORECOMM LIMITED
(Registrant)
By: Richard J. Lubasch
------------------------
Name: Richard J. Lubasch
Title: Senior Vice President, General
Counsel and Secretary
Dated: October 12, 1999
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
99.1 Press Release, issued October 6, 1999
Exhibit 99.1
For Immediate Release
PRESS RELEASE
CORECOMM LIMITED
ANNOUNCES CLOSING OF SALE OF 6% CONVERTIBLE SUBORDINATED NOTES
New York, New York; (October 6, 1999) - CoreComm Limited (Nasdaq: COMM)
announced that it has closed its sale of $175 million of 6 % Convertible
Subordinated Notes due 2006 (the "Convertible Notes"), which included the
exercise of a $25 million over-allotment option. The proceeds from the sale of
the Convertible Notes will be used for working capital and other general
corporate purposes.
The Convertible Notes will not be and have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any state
securities laws, and unless so registered, may not be offered or sold except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws.
Accordingly, the Convertible Notes will be offered and sold within the
United States only to "qualified institutional buyers" under Rule 144A and to a
limited number of "accredited investors."
****
For further information contact: Michael A. Peterson, Vice President -
Corporate Development; Kathleen Makrakis, Director-Investor Relations or Richard
J. Lubasch, Senior Vice President - General Counsel, at (212)-906-8457.
