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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): January 26, 2000
AZURIX CORP.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 001-15065 76-0589114
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
333 Clay Street, Suite 1000
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
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(713) 646-6001
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
The registrant's press release dated January 26, 2000, regarding its intention
to offer U.S. dollar and U.K. pound sterling denominated Senior Notes due 2007
and U.S. dollar denominated Senior Notes due 2010 in an aggregate amount of
$500,000,000, is attached.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibits 99.1 - Press Release dated January 26, 2000
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 hereunto duly authorized.
AZURIX CORP.
Date: January 28, 2000 By: /S/ JOHN C. ALE
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John C. Ale
Executive Director and
General Counsel
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release dated January 26, 2000.
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EXHIBIT 99.1
AZURIX LOGO Media Contact
Diane Bazelides
(713) 345-5209
Analyst Contact
Elizabeth Ivers
(713) 646-9531
AZURIX CORP. ANNOUNCES PLANS TO OFFER DEBT SECURITIES
FOR IMMEDIATE RELEASE: Wednesday, January 26, 2000
HOUSTON - Azurix Corp. announced today that it intends to offer U.S. dollar
and U.K. pound sterling denominated Senior Notes due 2007 and U.S. dollar
denominated Senior Notes due 2010 in an aggregate amount of $500,000,000. The
offering is expected to close during February 2000.
The offering will be made in the United States only to qualified
institutional buyers and outside the United States only in accordance with
Regulation S under the Securities Act of 1933, as amended. Azurix will use the
proceeds of the offering to repay outstanding indebtedness and for general
corporate purposes, which may include acquisitions.
The Senior Notes have not been and will not be registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
Azurix is a global water company that owns, operates and manages water and
wastewater assets, provides water and wastewater related services and develops
and manages water resources for municipal and industrial customers. Azurix's
Internet address is www.azurix.com, and the stock is traded under the ticker
symbol, "AZX."
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