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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
November 9, 1999
VOICESTREAM WIRELESS CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Washington
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(State or Other Jurisdiction of Incorporation)
000-25441 91-1956183
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(Commission File Number) (IRS Employer Identification No.)
3650 131st Avenue SE
Bellevue, WA 98006
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(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (425) 653-4600
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
FOR IMMEDIATE RELEASE
VOICESTREAM(R) WIRELESS ANNOUNCES $1.5 BILLION OF PRIVATE SENIOR DEBT FINANCING
BELLEVUE, Wash. (November 9, 1999) -- VoiceStream Wireless Corporation
(NASDAQ: VSTR), a leading provider of personal communications services,
announced today that it has raised approximately $1.5 billion in proceeds from
the issuance of 10 3/8% senior notes and 11 7/8% senior discount notes (the
"Notes"). The Notes were issued in a private placement and have not been
registered under the Securities Act of 1933, as amended, and may not be offered
or sold absent registration or an applicable exemption from the registration
requirements of the Act. $1.1 billion of the 10 3/8% senior notes due 2009 were
issued at par raising gross proceeds of $1.1 billion. $720 million of the 11
7/8% senior discount notes due 2009 were issued at 56.061% of their principal
amount yielding gross proceeds of approximately $403.6 million and will accrete
to their principal amount at November 15, 2004 and thereafter will accrue
interest at 11 7/8%.
A portion of the proceeds from the sale of the Notes has been used to repay
$400 million principal amount of VoiceStream's 12% senior debentures due 2011,
with the balance to be used for working capital and general corporate purposes,
including possible future acquisitions. VoiceStream Wireless Holding
Corporation, a wholly owned subsidiary of VoiceStream which was formed for
purposes of completing the previously announced reorganizations with Omnipoint
Corporation and Aerial Communications, Inc., will, upon completion of either of
such reorganizations, be the sole obligor of the Notes.
Based in Bellevue, Wash., VoiceStream Wireless is a leading provider of
wireless communications services in the western United States using GSM
technology. VoiceStream is also a member of the North American GSM Alliance LLC.
The GSM Alliance is a group of U.S. and Canadian digital wireless PCS carriers.
The GSM Alliance helps provide seamless GSM wireless communications for their
customers in more than 3,500 U.S. and Canadian cities and towns as well as
international service.
FOR FURTHER INFORMATION CONTACT:
Investment Community: Media:
Ken Prussing John Snyder
VoiceStream Wireless Corporation Snyder Buscher Group
(877) 853-8682 (206) 652-9704
[email protected] [email protected]
www.voicestream.com
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www.voicestream.com
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.
VOICESTREAM WIRELESS CORPORATION
Dated: November 9, 1999
By /s/ Alan R. Bender
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Alan R. Bender
Executive Vice President,
General Counsel and Secretary
