UNITED STATES 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) March 6, 2000
FIRSTCOM CORPORATION
(Exact name of registrant as specified in its charter)
Texas 0-25194 87-0464860
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
220 Alhambra Circle
Suite 910
Coral Gables, Florida 33134
(Address, including zip code, of principal executive office)
(305) 448-4422
(Registrant's telephone number, including area code)
Not applicable
(Former name, former address and fiscal year, if changed since last report)
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ITEM 5. OTHER EVENTS
On February 25, 2000, the registrant entered into a term credit
facility with Canadian Imperial Bank of Commerce to borrow up to U.S. $10
million to finance the continued expansion of the registrant's operations in
Peru through the time of the registrant's planned merger with AT&T Latin America
Corp. A copy of the press release announcing such event is attached as an
exhibit to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 Press release dated March 6, 2000.
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.
Date: March 7, 2000 By: /s/ Jose A. Segrera
-----------------------------------------
Jose A. Segrera
Interim Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press release dated March 6, 2000.
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION CONTACT:
Jose Segrera Richard Cooper/Rob Schatz
FirstCom Corporation Investors Relations
(305) 448-4422 (516) 829-7111
[email protected] [email protected]
FIRSTCOM ANNOUNCES A $10.0 MILLION CREDIT FACILITY WITH CIBC
Coral Gables, Florida -March 6, 2000 - FirstCom Corporation (NASDAQ:FCLX)
("FirstCom" or the "Company") a next generation provider of intelligent network
services in Latin America, today announced that it had signed a term credit
facility with Canadian Imperial Bank of Commerce (NYSE:BCM) ("CIBC") to borrow
up to $10.0 million to be used to continue the expansion of FirstCom's
operations in Peru through the time of FirstCom's planned merger with ATT Latin
America.
Commenting on the credit facility, Jose Segrera, Interim Chief Financial Officer
said, "The completion of this credit facility clearly demonstrates CIBC"s
confidence in our business strategy in Peru and the Latin American region. The
proceeds from this financing will be used to accelerate the expansion of our
operations in Peru and provide us the opportunity to accelerate the expansion of
Internet/data and other broadband services in Peru which enhances FirstCom's
ability to bundle integrated telecommunications solutions to our business
customers."
Ellen Marshall, Managing Director of CIBC commented, "As one of the new emerging
next generation carriers in the rapidly growing telecommunications market in
Latin America we are pleased to extend this credit facility to FirstCom."
FirstCom Corporation is rapidly emerging as a premium provider of broadband
integrated Internet/data, voice and video telecommunication services to business
customers in Peru, Chile and Colombia. FirstCom operates state-of-the-art fiber
optic ATM/IP networks in these countries that provide high-speed Internet/data
connectivity which facilitates the delivery of content to the business
community. FirstCom also operates a competitive long distance carrier in Chile
and Peru.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: The foregoing statements involve known and unknown risks and uncertainties
that may cause FirstCom's actual results or outcomes to be materially different
from those anticipated and discussed herein. Except for historical information
contained herein, the matters discussed in this press release contain
forward-looking statements that involve risks and uncertainties, including but
not limited to economic, competitive, governmental and technological factors
detailed in FirstCom's filings with the Securities and Exchange Commission which
readers are urged to read carefully in assessing the forward looking statements
contained herein.
CONTACT: FirstCom Corporation Jose Segrera, Interim CFO 305/448-4422
[email protected] or Strategic Growth International, Inc. Richard Cooper
/ Rob Schatz 516/829-7111 [email protected]
