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 3, 1999
e.spire Communications, Inc.
(Exact name of registrant as specified in its charter)
State of Delaware 0-25314 52-1947746
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
133 National Business Parkway, Suite 200
Annapolis Junction, Maryland 20701
(Address of Principal Executive (Zip Code)
Offices)
(301) 361-4200
(Registrant's telephone number,
including area code)
<PAGE>
Item 5. Other Events
On December 3, 1999, e.spire Communications, Inc. issued a press release
announcing that it had obtained a waiver from its syndicated bank group
regarding certain covenants of its $200 million Senior Secured Credit Facilities
Facilities with which it was not in compliance for the quarter ending September
30, 1999.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit Number Reference
(99) Additional Exhibits
Press Release dated December 3, 1999 Exhibit 99.1
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
e.spire Communications, Inc.
By:
Date: December 3, 1999 /s/ Riley M. Murphy
-------------------
Riley M. Murphy, Executive Vice President
Legal and Regulatory Affairs and Secretary
<PAGE>
e.spire BANK WAIVER GRANTED
ANNAPOLIS JUNCTION, MD, DECEMBER 3, 1999 -- e.spire Communications, Inc.
(Nasdaq: ESPI) today announced that it has obtained a waiver from its syndicated
bank group regarding certain covenants of its $200 million Senior Secured Credit
Facilities with which it was not in compliance for the quarter ending September
30, 1999. As a result, e.spire is now able to access the remaining available
funds of the Facilities.
e.spire Communications, Inc. is a leading integrated communications provider,
offering traditional local and long distance, Internet access and Web hosting
services and advanced data solutions, such as ATM and frame relay. In addition,
e.spire's subsidiary, ACSI NT, provides third parties, including other
communications concerns, municipalities and corporations, with turnkey fiber
optic design, construction and project management expertise.
For more information on e.spire, contact http://www.espire.net.
Certain statements regarding the development of the Company's businesses, the
markets for the Company's services and products, the Company's anticipated
capital expenditures, anticipated EBITDA and other statements are
forward-looking statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995) which can be identified as any statement that
does not relate strictly to historical or current facts. Forward-looking
statements use such words as plans, expects, will, will likely result, are
expected to, will continue, is anticipated, estimate, project, believes,
anticipates, intends and expects, may, should, continue, seek, could and other
similar expressions. Although the Company believes that its expectations are
based on reasonable assumptions, it can give no assurance that its expectations
will be achieved. The important factors that could cause actual results to
differ materially from those in the forward-looking statements herein (the
"Cautionary Statements") include, without limitation, the Company's degree of
financial leverage, risks associated with debt service requirements and interest
rate fluctuations, risks associated with acquisitions and the integration
thereof, the impact of restriction under the Company's financial instruments,
dependence on availability of transmission facilities, regulation risks
including the impact of the Telecommunications Act of 1996, contingent
liabilities, the impact of competitive services and pricing, the ability of the
Company to successfully implement its strategies, as well as the other risks
referenced from time to time in the Company's filings with the SEC, including
the Company's Form 10-K for the year ended December 31, 1998. All subsequent
written and oral forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their entirety by the
Cautionary Statements. The Company does not undertake any obligation to release
publicly any revisions to such forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
