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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):
October 29, 1997
GLOBALSTAR TELECOMMUNICATIONS LIMITED
(Exact name of registrant as specified in its charter)
Islands of Bermuda 0-25456 13-3795510
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (441) 295-2244
GLOBALSTAR, L.P.
GLOBALSTAR CAPITAL COPORATION
(Exact name of registrant as specified in its charter)
Delaware 333-25461 13-3759824
Delaware 333-25461-01 13-3876323
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
3200 Zanker Road, P.O. Box 640670, San Jose CA 95164
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 473-5550
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Item 5. Other Events.
On October 29, 1997, Globalstar, L.P. ("Globalstar"), a
partnership of which Globalstar Telecommunications Limited ("GTL") is a general
partner, and Globalstar Capital Corporation ("Globalstar Capital, and together
with Globalstar, the "Issuers") completed the sale in a private offering of
$325,000,000 principal amount of the Issuers' 10-3/4% Senior Notes due 2004 (the
"Notes").
The net proceeds of the offering will be used by Globalstar
for the continued construction and deployment of Globalstar's low-earth orbit
satellite-based digital telecommunications system.
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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: October 31, 1997
GLOBALSTAR TELECOMMUNICATIONS LIMITED
(Registrant)
By: /s/ Eric J. Zahler
Eric J. Zahler
Vice President and Secretary
GLOBALSTAR, L.P.
(Registrant)
By: Loral/Qualcomm Satellite Services, L.P.
By: Loral/Qualcomm Partnership, L.P.
By: Loral General Partner, Inc.
By: /s/ Eric J. Zahler
Eric J. Zahler
Vice President and Secretary
GLOBALSTAR CAPITAL CORPORATION
(Registrant)
By: /s/ Eric J. Zahler
Eric J. Zahler
Vice President
