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) June 11, 1998
PSINet Inc.
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(Exact name of registrant as specified in its charter)
New York 0-25812 16-1353600
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
510 Huntmar Park Drive, Herndon, Virginia 20170
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (703)904-4100
(Former name or former address, if changed since last report)
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Item 5. Other Events
On June 11, 1998, PSINet Inc. issued a press release, a copy of which
is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99.1 Press release dated June 11, 1998
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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.
Dated: June 15, 1998 PSINET INC.
By: /s/ David N. Kunkel
David N. Kunkel
Senior Vice President,
Secretary and General
Counsel
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EXHIBIT INDEX
Exhibit
Number Exhibit Name Location
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99.1 Press release dated June 11, 1998 Page 5
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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts:
Kelli Harrington Nemer Michael P. Binko, APR
Manager, Investor Relations Manager, Public Relations
703-904-4100, ext. 1245 703/904-4285
[email protected] [email protected]
PSINET INC. ANNOUNCES THE COMPLETION OF ITS EXCHANGE
OFFER FOR ITS UNREGISTERED 10% SENIOR NOTES DUE 2005
HERNDON, VA, June 11, 1998 (Nasdaq: PSIX) - PSINet Inc., a leading global
facilities-based provider of Internet services and related products to
businesses, today announced that it had completed its previously announced offer
to exchange its 10% Senior Notes due 2005, Series B (the "Exchange Notes"),
which have been registered under the Securities Act of 1933, as amended (the
"Securities Act"), pursuant to, and subject to the conditions set forth in, a
Prospectus dated May 7, 1998 (the "Prospectus") and related Letter of
Transmittal, for its previously outstanding 10% Senior Notes due 2005, Series A
(the "Initial Notes"), which had not been registered under the Securities Act.
Under the exchange offer, holders of the Initial Notes received $1,000 principal
amount of Exchange Notes for each $1,000 principal amount of Initial Notes
exchanged. The Exchange Notes evidence the same debt as the Initial Notes (which
they have replaced) and have been issued under, and are entitled to the benefits
of, the Indenture dated as of April 13, 1998 between PSINet and Wilmington Trust
Company, as Trustee, which governs both the Initial Notes and the Exchange
Notes.
PSINet announced that, as of 5:00 pm New York City time, on June 11, 1998, 100%
of the $600,000,000 aggregate principal amount of the Initial Notes originally
outstanding had been tendered for exchange and not withdrawn.
About PSINet
PSINet is a global facilities-based Internet Protocol (IP) data communications
carrier focused on the business marketplace. As the first and largest
independent commercial Internet service provider in the world, PSINet offers a
broad set of high-speed corporate LAN connectivity services supporting managed
security and guaranteed Internet, intranet, electronic commerce, Web hosting
services, and services for other carriers and ISPs. PSINet operates an
international state-of-the-art frame relay-based, IP-optimized network
connecting to ISDN, ATM, SMDS, and wireless/satellite systems, serving over
33,000 corporate accounts with over 400 points of presence extending to 10
countries.
Headquartered in Herndon, VA, PSINet has subsidiaries in Canada, Japan, Belgium,
France, Germany, Italy, the Netherlands, Switzerland, and the UK. For more
information, contact PSINet by telephone at 703-904-4100, by e-mail at
[email protected], or by accessing the Web site at http://www.psi.net.
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