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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): February 11, 2000
AZURIX CORP.
(Exact name of registrant as specified in its charter)
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)
(713) 646-6001
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
The registrant's press release dated February 11, 2000, regarding its
intention to sell U.S.$240 million aggregate principal amount of 10 3/8%
Senior Notes due 2007, U.K. (pound)100 million aggregate principal
amount of 10 3/8% Senior Notes due 2007 and U.S. $200 million aggregate
principal amount of 10 3/4% Senior Notes due 2010, is attached.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibits 99.1 - Press Release dated February 11, 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: February 14, 2000 By: /S/ JOHN C. ALE
--------------------------------
John C. Ale
Executive Director and General
Counsel
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated February 11, 2000.
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EXHIBIT 99.1
AZURIX LOGO
MEDIA CONTACT
Carol Hensley
(713) 853-6498
ANALYST CONTACT
Elizabeth Ivers
(713) 646-9531
AZURIX CORP. PRICES SENIOR NOTES
For Immediate Release: Friday, February 11, 2000
HOUSTON -- Azurix Corp. announced today that it has agreed to sell
U.S.$240 million aggregate principal amount of 10 3/8 % Senior Notes due 2007,
U.K.(pound)100 million aggregate principal amount of 10 3/8 % Senior Notes due
2007 and U.S.$200 million aggregate principal amount of 10 3/4 % Senior Notes
due 2010. The closing is expected to occur on February 18, 2000.
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 company that owns, operates and manages water and
wastewater assets, provides water and wastewater related services, and develops
and manages water resources. Azurix's common stock is traded on the NYSE under
the ticker symbol, "AZX."
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