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UNITED STATES
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): November 17, 2000
ONEPOINT COMMUNICATIONS CORP.
(Exact name of registrant as specified in its charter)
Delaware 36-4225811
(State or other jurisdiction (IRS Employer ID No.)
of incorporation of organization)
Two Conway Park
150 Field Drive, Suite 300 60045
Lake Forest, Illinois (Zip code)
(Address of principal executive offices)
847-582-8800
(Registrant's telephone number including area code)
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ITEM 5. OTHER EVENTS
On November 17, 2000 OnePoint Communications Corp. issued 91,957 common
shares of stock to its controlling shareholder, Ventures in Communications II,
LLC, in exchange for cash consideration of $12.9 million. Also on November 17,
2000, OnePoint Communications Corp. entered into a $25 million unsecured loan
agreement with Verizon Investments, Inc. Advances under this loan are subject to
certain conditions as described in the exhibit.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibits are filed as a part of this report:
Exhibit Number Description
4.1 Stock Purchase Agreement By and Between OnePoint Communications
Corp. and Ventures in Communications II, L.L.C. dated November
17, 2000.
4.2 Loan Agreement By and Between OnePoint Communications Corp. and
Verizon Investments, Inc. dated November 17, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amended report to be filed on its behalf by the
undersigned thereunto duly authorized.
ONEPOINT COMMUNICATIONS CORP.
(Registrant)
Date: November 28, 2000 By: _______________________
Name: John D. Stavig
Title: Chief Financial Officer
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Exhibit Index
Exhibit Number Description
4.1 Stock Purchase Agreement By and Between OnePoint Communications
Corp. and Ventures in Communications II, L.L.C. dated November
17, 2000.
4.2 Loan Agreement By and Between OnePoint Communications Corp. and
Verizon Investments, Inc. dated November 17, 2000.
