COMPANY: FIRSTCOM CORPORATION
TICKER: FCLX
EXCHANGE: NASDAQ SMALL CAP MARKET
FORM TYPE: 425
DOCUMENT DATE: March 6, 2000
FILING DATE: March 6, 2000
Filed by FirstCom Corporation
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: FirstCom Corporation
Commission File No.: 001-14017
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.
<PAGE>
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]
INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PRELIMINARY PROXY
STATEMENT REGARDING THE TRANSACTION REFERENCED IN THE FOREGOING INFORMATION,
WHEN IT BECOMES PUBLICLY AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. SUCH PROXY STATEMENT HAS BEEN FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION BY FIRSTCOM CORPORATION AND SECURITY HOLDERS MAY OBTAIN A
FREE COPY OF THE PROXY STATEMENT (WHEN AVAILABLE) AND OTHER DOCUMENTS FILED BY
FIRSTCOM CORPORATION AT THE SECURITIES AND EXCHANGE COMMISSION'S WEB SITE AT
WWW.SEC.GOV. THE PROXY STATEMENT AND SUCH OTHER DOCUMENTS MAY ALSO BE OBTAINED
FROM FIRSTCOM CORPORATION BY DIRECTING SUCH REQUEST TO FIRSTCOM CORPORATION, 220
ALHAMBRA CIRCLE, CORAL GABLES, FLORIDA 33134, ATTN: GENERAL COUNSEL,
(305)448-4422. THE MEMBERS OF THE BOARD OF DIRECTORS OF FIRSTCOM CORPORATION ARE
PATRICIO E. NORTHLAND, GEORGE CARGILL, ANDREW HULSH AND DAVID KLEINMAN. AS OF
THE DATE HEREOF, THERE ARE NO OTHER "PARTICIPANTS IN THE SOLICITATION", WITHIN
THE MEANING OF RULE 14A-12 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED.
