Document is copied.
Filed pursuant to Rule 424(b)(3)
Registration No. 333-47984
PROSPECTUS SUPPLEMENT NO. 4
(TO PROSPECTUS DATED NOVEMBER 1, 2000)
CORECOMM LIMITED
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6% CONVERTIBLE SUBORDINATED NOTES DUE 2006,
SERIES B SENIOR CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
AND SHARES OF COMMON STOCK
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This Prospectus Supplement No. 4 supplements and amends the Prospectus
dated November 1, 2000, and amended on November 14, 2000, relating to:
o The 6% convertible subordinated notes due 2006 of CoreComm Limited;
o CoreComm's Series B senior convertible exchangeable preferred stock;
o Shares of common stock issuable as dividends on the Series B preferred
stock, upon conversion of the convertible notes and the Series B
preferred stock and as interest on CoreComm's senior unsecured notes
due 2003; and
o The right, attached to each share of common stock, to purchase
CoreComm's Series C junior participating preferred stock.
The purpose of this Prospectus Supplement is to provide supplemental
information that was contained in a current report on Form 8-K dated December
28, 2000.
The Prospectus, together with all of the supplements filed to date
(including this supplement), constitutes the prospectus required to be delivered
by Section 5(b) of the Securities Act of 1933, with respect to offers and sales
of the securities described above.
WE URGE YOU TO READ CAREFULLY THE "RISK FACTORS" SECTION BEGINNING ON
PAGE 11 OF THE ACCOMPANYING PROSPECTUS, WHERE WE DESCRIBE SPECIFIC RISKS
ASSOCIATED WITH THESE SECURITIES, BEFORE YOU MAKE YOUR INVESTMENT DECISION.
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NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
The date of this Prospectus Supplement No. 4 is December 28, 2000.
<PAGE>
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): December 28, 2000
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CoreComm Limited
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(Exact name of registrant as specified in its charter)
Delaware 000-31359 23-3032245
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
110 East 59th Street, New York, NY 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 906-8485
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(Former name or former address, if changed since last report)
Page 1
<PAGE>
Item 5. Other Events.
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On December 28, 2000, CoreComm Limited announced that several members of
management and the Board of Directors have invested a total of $16 million in
the company in the form of a convertible note. The proceeds of the note will
fund future working capital and general corporate pruposes.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Exhibits
99.1 Press Release, issued December 28, 2000
Page 2
<PAGE>
SIGNATURE
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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.
CORECOMM LIMITED
By: /s/ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Senior Vice President,
General Counsel and Secretary
Dated: December 28, 2000
Page 3
<PAGE>
Exhibit 99.1
[Logo of CoreComm Limited]
FOR IMMEDIATE RELEASE
CORECOMM MANAGEMENT INCREASES OWNERSHIP STAKE
Management and Board of Directors Invest Additional $16 Million in Company
New York, New York (December 28, 2000) - CoreComm Limited (NASDAQ: COMM)
announced today that several members of management and the Board of Directors
have invested a total of $16 million in the company in the form of a convertible
note. The proceeds of the note will fund future working capital and general
corporate purposes.
Barclay Knapp, Chief Executive, stated: "George Blumenthal and I, as well as
other members of management, have increased our personal investments in CoreComm
because we believe in the long-term prospects for the business and the strength
of our business model."
The $16 million financing is in the form of a senior unsecured convertible PIK
note that matures in 2010. The note has an interest rate of 10.75% paid
semi-annually and is convertible into shares of CoreComm common stock at $5.00
per share.
For further information contact: Michael A. Peterson, Vice President - Corporate
Development or Richard J. Lubasch, Senior Vice President - General Counsel at
(212) 906-8485.
