UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May 2000
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360NETWORKS INC.
(Translation of registrant's name into English)
1500-1066 West Hastings Street, Vancouver, British Columbia, Canada V6E 3X1
(Address of principal executive offices and zip code)
Registrant's Telephone Number, including area code: (604) 681-1994
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
--- ---
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
--- ---
Exhibit 99.1
FOR IMMEDIATE RELEASE
360networks announces offering of senior notes
All amounts in U.S. dollars.
VANCOUVER, B.C. ... April 19, 2000, Vancouver - 360networks inc. today announced
it will offer $700 million US of senior notes in both dollars and euros due
2008, non-call life.
The company anticipates that the transactions will be priced later this week.
360networks has also received a signed commitment from The Chase Manhattan Bank
and Donaldson Lufkin & Jenrette Capital Funding, Inc. for a fully underwritten
$1 billion senior credit facility. The commitment is subject to finalization of
an agreement, and standard closing and lending conditions.
The senior notes to be offered by 360networks will not have been registered
under the Securities Act of 1933 or under any state securities laws, and may not
be offered or sold in the United States absent such registration or an
applicable exemption from the registration requirements.
About 360networks 360networks (formerly known as Worldwide Fiber) offers
broadband network services for telecommunications companies, Internet service
providers, application service providers, storage service providers and
data-centric companies. 360networks is completing a technologically advanced
90,300-kilometer (56,100-mile) network, including a fiber optic terrestrial
network in North America and Europe and undersea cables linking North America,
South America and Europe. 360networks and its predecessors have been developing
communications networks since 1988.
Forward looking statements: This document may contain statements about expected
future events and financial results that are forward looking in nature, and, as
a result, are subject to certain risks and uncertainties. Actual results may
differ materially from those projected by management. For such statements, we
claim the safe harbor for "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.
For further information:
Michelle Gagne,
Director of Corporate Communications,
Worldwide Fiber, (604) 648-7703,
[email protected]
Exhibit 99.2
FOR IMMEDIATE RELEASE
360networks announces offering of senior notes
All amounts in U.S. dollars.
VANCOUVER, B.C. ... April 19, 2000, 360networks inc. (the "Company") (Nasdaq:
TSIX; Toronto Stock Exchange: TSX) announced today that a Registration Statement
filed with the U.S. Securities and Exchange Commission in connection with the
Company's proposed initial public offering was declared effective today.
The Registration Statement covers the offering of 46,275,000 shares of the
Company's Subordinate Voting Shares (subject to an option of the underwriters to
purchase additional shares equal up to 15% of the offering). The Company is
offering 44,625,000 of the shares registered. The Subordinate Voting Shares will
trade on the Nasdaq National Market under the symbol "TSIX" and on the Toronto
Stock Exchange under the symbol "TSX". An initial price of US $14 per share was
set for the Subordinate Voting Shares.
Closing of the sale of shares pursuant to the underwriting agreement and other
related transactions are scheduled to be completed on April 26, 2000.
Goldman, Sachs & Co. and Donaldson, Lufkin & Jenrette Securities Corporation are
acting as co-lead underwriters of the offering. A copy of the final prospectus
related to the offering may be obtained from either underwriter.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful; prior
to registration or qualification under the securities law of such jurisdiction.
360networks (formerly known as Worldwide Fiber) offers broadband network and
collocation services for telecommunications companies, ISPs, application service
providers and data-centric enterprises. 360networks is completing a
technologically advanced 90,000-kilometer (56,000-mile) network linking 90 major
cities, including a fiber optic terrestrial network in North America and Europe
and undersea cables linking North America, South America and Europe. 360networks
and its predecessors have been developing communications networks since 1988.
Forward looking statements: This document may contain statements about expected
future events and financial results that are forward looking in nature, and, as
a result, are subject to certain risks and uncertainties. Actual results may
differ materially from those projected by management. For such statements, we
claim the safe harbor for "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.
For more information contact:
Michelle Gagne'
Director of Communications
360networks inc.
604-648-7703 (work)
604-724-7610 (cell)
Geraldine Vance
Shandwick Canada
604-681-7557
Exhibit 99.3
FOR IMMEDIATE RELEASE
360networks announces closing of initial public offering
All amounts in U.S. dollars.
VANCOUVER, B.C. ... April 26, 2000, 360networks today announced the successful
closing of its initial public offering of 46,275,000 Subordinate Voting Shares
for net proceeds to the company of approximately US $590 million.
In addition, 360networks also announced the successful closing of the US dollar
tranche of its 13% high yield notes due 2008 for net proceeds to the company of
approximately US $570 million. The completion of the Euro tranche of its
previously announced high yield note offering is expected to close this Friday.
About 360networks
360networks (formerly known as Worldwide Fiber) offers broadband network and
co-location services for telecommunications companies, Internet service
providers, application service providers and data-centric enterprises.
360networks is completing a technologically advanced 90,000-kilometer
(56,000-mile) network linking 90 major cities, including a fiber optic
terrestrial network in North America and Europe, and undersea cables linking
North America, South America and Europe. 360networks and its predecessors have
been developing communications networks since 1988.
Forward looking statements: This document may contain statements about expected
future events and financial results that are forward looking in nature, and, as
a result, are subject to certain risks and uncertainties. Actual results may
differ materially from those projected by management. For such statements, we
claim the safe harbor for "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.
For further information:
Michelle Gagne,
Director of Corporate Communications,
Worldwide Fiber, (604) 648-7703,
[email protected]
Exhibit 99.4
FOR IMMEDIATE RELEASE
360networks closes Euro portion of high yield notes
Vancouver, B.C. ... April 28, 2000, 360networks today announced the successful
closing of the Euro tranche of its 13% high yield notes due 2008 for net
proceeds to the company of approximately Euro 190 million.
About 360networks
360networks (formerly known as Worldwide Fiber) offers broadband network and
co-location services for telecommunications companies, Internet service
providers, application service providers and data-centric enterprises.
360networks is completing a technologically advanced 90,000-kilometer
(56,000-mile) network linking 90 major cities, including a fiber optic
terrestrial network in North America and Europe, and undersea cables linking
North America, South America and Europe. 360networks and its predecessors have
been developing communications networks since 1988.
360networks shares trade on the Nasdaq under the stock symbol TSIX and on the
Toronto Stock Exchange as TSX.
Forward looking statements: This document may contain statements about expected
future events and financial results that are forward looking in nature, and, as
a result, are subject to certain risks and uncertainties. Actual results may
differ materially from those projected by management. For such statements, we
claim the safe harbor for "forward looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.
For more information, please contact:
Michelle Gagne
Director of corporate communications
604-648-7703
[email protected]
<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.
360NETWORKS INC.
By: /s/ Catherine McEachern
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Name: Catherine McEachern
Title: Vice President
DATE: May 5, 2000
