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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
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)
APRIL 10, 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 22 Pages)
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NY2:\890125\02\47660.1655
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 450718 10 1 13D Page 2 of 22
- ---------------------------- ---------------------------------------- -------------------------------------------------
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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: 3,496,299 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,496,299 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 3,496,299 (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): 4.7%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
2
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CUSIP No. 450718 10 1 13D Page 3 of 22
- ---------------------------- ---------------------------------------- -------------------------------------------------
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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: 3,933,337
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,704,159 (SEE ITEM 5)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,933,337
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,637,496 (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): 8.9%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
3
<PAGE>
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CUSIP No. 450718 10 1 13D Page 4 of 22
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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
- ------------------- ------------------------------------------------- --------------------------------------------------------------
4
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CUSIP No. 450718 10 1 13D Page 5 of 22
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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: 437,038 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 437,038 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 437,038 (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): .61%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
5
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CUSIP No. 450718 10 1 13D Page 6 of 22
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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: 437,038 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 437,038 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 437,038 (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): .61%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6
<PAGE>
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CUSIP No. 450718 10 1 13D Page 7 of 22
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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: 437,038 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 437,038 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 437,038 (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): .61%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
7
<PAGE>
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CUSIP No. 450718 10 1 13D Page 8 of 22
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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: 374,075 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 374,075 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 374,075 (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): .52%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: EP
- ------------------- ------------------------------------------------- --------------------------------------------------------------
8
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CUSIP No. 450718 10 1 13D Page 9 of 22
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1 NAMES OF REPORTING PERSONS: GE ASSET MANAGEMENT INCORPORATED, 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: 374,075 (SEE ITEM 5)
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 374,075 (SEE ITEM 5)
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 374,075 (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): .52%
(SEE ITEM 5)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
9
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- ---------------------------- ---------------------------------------- -------------------------------------------------
CUSIP No. 450718 10 1 13D Page 10 of 22
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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>
10
<PAGE>
This statement constitutes Amendment No. 2 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"), 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"). On March 31, 2000, General Electric
Investment Corporation ("GEIC"), a former reporting person, merged into GE Asset
Management Incorporated, a Delaware corporation ("GEAMI"). Accordingly, this
Statement constitutes the initial filing for GEAMI.
ITEM 2. IDENTITY AND BACKGROUND.
GEAMI is a wholly owned subsidiary of GE. The principal executive
office of GEAMI is 3003 Summer Street, Stamford, Connecticut 06904.
The executive officers and directors of GEAMI are the same as the
executive officers and directors of GEIC. For information with respect to the
identity and background of such persons, see Schedule VII attached to the
initial Schedule 13D.
The information contained in Item 2 of the initial Schedule 13D is
incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of April 10, 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 Annual
Report on Form 10-K for the year ended December 31, 1999):
(1) GECEII directly owns 3,496,299 shares of Common Stock, including
2,500,000 shares of Common Stock issuable upon the exercise of warrants which
are exercisable within 60 days. The 3,496,299 shares represent approximately
4.7% of the 74,374,234 outstanding shares of Common Stock (including, for
purposes of this paragraph, 2,500,000 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 437,038 shares of Common Stock. The 437,038
shares represent approximately .61% of the 71,874,234 outstanding shares of
Common Stock.
11
<PAGE>
(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 500,000 shares issuable upon the exercise of currently exercisable
warrants. The 2,704,159 shares represent approximately 3.7% of the 72,551,734
outstanding shares of Common Stock (including, for purposes of this paragraph,
500,000 shares of Common Stock which are issuable upon the exercise of currently
exercisable warrants owned by GE Capital). By virtue of it being of 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 374,075 shares of Common Stock. The 374,075
shares represent approximately .52% of the 71,874,234 outstanding shares of
Common Stock.
(7) By virtue of it being the Investment Manager of GEPT, GEAMI 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, GEAMI, 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 1,500,000 shares of Common Stock held by
GECEII will become exercisable on June 8, 2000. Accordingly, as of April 10,
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.
12
<PAGE>
Except as set forth above, none of GECEII, GE Capital, GECS, GECAC,
GNA, GFAH, GEPT, GEAMI, 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.
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.
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Michael E. Pralle
-----------------------------
Name: Michael E. Pralle
Title: President
Dated: April 13, 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 CORPORATION
By: /s/ Michael E. Pralle
-----------------------------
Name: Michael E. Pralle
Title: Senior Vice President
Dated: April 13, 2000
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 SERVICES, INC.
By: /s/ Michael E. Pralle
-----------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
Dated: April 13, 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.
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.
GENERAL ELECTRIC CAPITAL ASSURANCE
COMPANY
By: /s/ Leon E. Roday
---------------------------------
Name: Leon E. Roday
Title: Executive Vice President and
General Counsel
Dated: April 13, 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.
GNA CORPORATION
By: /s/ Leon E. Roday
---------------------------------
Name: Leon E. Roday
Title: Executive Vice President,
General Counsel and Secretary
Dated: April 13, 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.
GE FINANCIAL ASSURANCE HOLDINGS, INC.
By: /s/ Leon E. Roday
---------------------------------
Name: Leon E. Roday
Title: Executive Vice President,
General Counsel and Secretary
Dated: April 13, 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 PENSION TRUST
By: GE Asset Management Incorporated, its
Investment Manager
By: /s/ Michael M. Pastore
---------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: April 13, 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.
GE ASSET MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
---------------------------------
Name: Michael M. Pastore
Title: Vice President
Dated: April 13, 2000
21
<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: April 13, 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.
22
