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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)
iXL ENTERPRISES, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE 450718 10 1
(Title of class of securities) (CUSIP number)
NANCY E. BARTON, ESQ.
GENERAL ELECTRIC CAPITAL CORPORATION
260 LONG RIDGE ROAD
STAMFORD, CONNECTICUT 06927
(203) 357-4000
(Name, address and telephone number of person
authorized to receive notices and communications)
FEBRUARY 7, 2000
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 21 Pages)
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NY2:\869708\02\$N2K02!.DOC\47660.1655
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<TABLE>
<CAPTION>
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CUSIP No. 450718 10 1 13D Page 2 of 21
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<S> <C>
1 NAMES OF REPORTING PERSONS: GE CAPITAL EQUITY INVESTMENTS, INC.
I.R.S. IDENTIFICATION NOS. 06-1268495
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
Excludes warrants to purchase 1,500,000 shares of Common Stock held by
GE Capital Equity Investments, Inc., which are not exercisable within
60 days.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.5%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 3 of 21
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NOS. 13-1500700
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,704,159 (SEE ITEM 5)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,000,000
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,704,159 (SEE ITEM 5)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,000,000
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,704,159 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
Excludes warrants to purchase 1,500,000 shares of Common Stock held by
GE Capital Equity Investments, Inc., which are not exercisable within
60 days.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 4 of 21
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL SERVICES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 06-1109503
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC CAPITAL SERVICES, INC.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 5 of 21
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
I.R.S. IDENTIFICATION NOS. 91-6027719
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .71%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 6 of 21
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1 NAMES OF REPORTING PERSONS: GNA CORPORATION
I.R.S. IDENTIFICATION NOS. 91-1277112
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: WASHINGTON
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .71%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 7 of 21
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1 NAMES OF REPORTING PERSONS: GE FINANCIAL ASSURANCE HOLDINGS, INC.
I.R.S. IDENTIFICATION NOS. 54-1829180
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .71%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 8 of 21
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1 NAME OF REPORTING PERSON: TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
S.S. OR I.R.S. IDENTIFICATION NO. 14-6015763
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 00
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .71%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: EP
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 9 of 21
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC INVESTMENT CORPORATION, AS INVESTMENT
MANAGER OF GEPT (AS DEFINED BELOW)
I.R.S. IDENTIFICATION NOS. 22-2152310
OF ABOVE PERSONS:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 500,000 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 500,000 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .71%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 450718 10 1 13D Page 10 of 21
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. 14-0689340
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [X]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: DISCLAIMED (SEE 11 BELOW)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC COMPANY
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
</TABLE>
<PAGE>
This statement constitutes Amendment No. 1 to the Statement
on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission by GE Capital Equity Investments, Inc., a Delaware corporation
("GECEII"), General Electric Capital Corporation, a New York corporation ("GE
Capital"), General Electric Capital Services, Inc., a Delaware corporation
("GECS"), General Electric Capital Assurance Company, a Delaware corporation
("GECAC"), GNA Corporation, a Washington corporation ("GNA"), GE Financial
Assurance Holdings, Inc., a Delaware corporation ("GEFAH"), Trustees of General
Electric Pension Trust, a New York common law trust ("GEPT"), General Electric
Investment Corporation, a Delaware corporation ("GEIC") and General Electric
Company, a New York corporation ("GE"), with respect to the Common Stock, par
value $.01 per share ("Common Stock"), of iXL Enterprises, Inc., a Delaware
corporation (the "Company").
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of February 7, 2000, the reporting persons
beneficially owned the following shares of Common Stock (percentages are based
on the number of outstanding shares of Common Stock as reported by the Company
in its Proxy Statement/Prospectus dated December 22, 1999):
(1) GECEII directly owns 2,500,000 shares of Common Stock,
including 1,000,000 shares of Common Stock issuable upon the exercise of
warrants which are exercisable within 60 days and excluding 1,500,000 shares of
Common Stock issuable upon the exercise of warrants which are not exercisable
within 60 days. The 2,500,000 shares represent approximately 3.5% of the
71,057,526 outstanding shares of Common Stock (including, for purposes of this
paragraph, 1,000,000 shares of Common Stock which are issuable upon the exercise
of warrants owned by GECEII which are exercisable within 60 days).
(2) GECAC directly owns 500,000 shares of Common Stock. The
500,000 shares represent approximately .71% of the 70,057,526 outstanding shares
of Common Stock.
(3) By virtue of it being the owner of all of the
outstanding shares of GECAC, GNA is for the purposes of this Schedule 13D, a
beneficial owner of all of the shares of Common Stock beneficially owned by
GECAC.
(4) By virtue of it being the owner of all of the
outstanding shares of GNA, GFAH is for the purposes of this Schedule 13D, a
beneficial owner of all of the shares of Common Stock beneficially owned by GNA.
(5) GE Capital directly owns 2,704,159 shares of Common
Stock, including 677,500 shares issuable upon the exercise of currently
exercisable warrants. The 2,704,159 shares represent approximately 3.8% of the
70,735,026 outstanding shares of Common Stock (including, for purposes of this
paragraph, 677,500 shares of Common Stock which are issuable upon the exercise
of currently exercisable warrants owned by GE Capital). By virtue of it being of
11
<PAGE>
the owner of all of the outstanding shares of GECEII and GFAH, GE Capital is for
the purposes of this Schedule 13D, a beneficial owner of all of the shares of
Common Stock beneficially owned by GECEII and GFAH.
(6) GEPT directly owns 500,000 shares of Common Stock. The
500,000 shares represent approximately .71% of the 70,057,526 outstanding shares
of Common Stock.
(7) By virtue of it being the Investment Manager of GEPT,
GEIC is for the purposes of this Schedule 13D, a beneficial owner of all of the
shares of Common Stock beneficially owned by GEPT.
(8) GECS and GE disclaim beneficial ownership of all shares
of Common Stock beneficially owned by the other reporting persons. Neither the
filing of this Schedule 13D nor anything contained herein is intended as, or
should be construed as, an admission that GECS or GE is the "beneficial owner"
of any shares of Common Stock beneficially owned by the other reporting persons.
Except as disclosed in this Item 5(a) and in Item 3 above,
none of GECEII, GE Capital, GECS, GECAC, GNA, GFAH, GEPT, GEIC, GE, nor, to the
best of their knowledge, any of their executive officers and directors,
beneficially owns any securities of the Company or presently has a right to
acquire any securities of the Company.
(b) The response of each reporting person to Item 7 through
11 of the cover pages of this Schedule 13D relating to beneficial ownership of
the shares of Common Stock are incorporated herein by reference.
(c) Warrants to purchase 1,000,000 shares of Common Stock
held by GECEII will become exercisable on April 7, 2000. Accordingly, as of
February 7, 2000, such warrants are exercisable within 60 days and the shares of
Common Stock issuable upon the exercise of such warrants are deemed to be
beneficially owned by GECEII.
Except as set forth above, none of GECEII, GE Capital,
GECS, GECAC, GNA, GFAH, GEPT, GEIC, GE, nor, to the best of their knowledge, any
person identified on Schedules I through IX, has effected any transaction in any
securities of the Company during the past 60 days.
(d) Not applicable.
(e) Not applicable.
12
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Michael E. Pralle
-------------------------------
Name: Michael E. Pralle
Title: President
Dated: February 15, 2000
13
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael E. Pralle
-----------------------------------
Name: Michael E. Pralle
Title: Senior Vice President
Dated: February 15, 2000
14
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael E. Pralle *
-------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Dated: February 15, 2000
* Power of attorney, dated as of April 30, 1998, by General Electric Capital
Services, Inc., is hereby incorporated by reference to Schedule 13D for
Telescan, Inc., filed January 25, 1999 by GE Capital Equity Investments,
Inc.
15
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY
By: /s/ Leon E. Roday
-----------------------------------------
Name: Leon E. Roday
Title: Executive Vice President and
General Counsel
Dated: February 15, 2000
16
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GNA CORPORATION
By: /s/ Leon E. Roday
---------------------------------------------
Name: Leon E. Roday
Title: Executive Vice President, General
Counsel and Secretary
Dated: February 15, 2000
17
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GE FINANCIAL ASSURANCE HOLDINGS, INC.
By: /s/ Leon E. Roday
---------------------------------------
Name: Leon E. Roday
Title: Executive Vice President, General
Counsel and Secretary
Dated: February 15, 2000
18
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation,
its Investment Manager
By: /s/ Michael M. Pastore
-----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: February 15, 2000
19
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
-----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: February 15, 2000
20
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC COMPANY
By: /s/ Michael E. Pralle *
------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Dated: February 15, 2000
* Power of attorney, dated as of April 30, 1998, by General Electric Company
is hereby incorporated by reference to Schedule 13D for Telescan, Inc.,
filed January 25, 1999 by GE Capital Equity Investments, Inc.
21
