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) April 8, 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 April 8, 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 April 8, 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: April 8, 1998 PSINET INC.
By: /s/ Kathleen B. Horne
Kathleen B. Horne
Vice President
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EXHIBIT INDEX
Exhibit
Number Exhibit Name Location
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99.1 Press release dated April 8, 1998 5
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Exhibit 99.1
PSINet NEWS RELEASE
A. NEWS FOR IMMEDIATE RELEASE
Contact:
Kelli Harrington Nemer Michael P. Binko, APR
PSINet Investor Relations PSINet Public Relations
703-904-4100, ext. 1245 703-904-4282
[email protected] [email protected]
II. PSINET ANNOUNCES $600,000,000 RULE 144A OFFERING
Herndon, VA, April 8, 1998, (NASDAQ: PSIX) -- PSINet Inc. today announced
that it has made an offering of $600 million aggregate principal amount of 10%
Senior Notes due 2005 in accordance with Securities and Exchange Commission Rule
144A. The net proceeds of the offering are expected to be used to repay certain
indebtedness and for general working capital purposes. In addition, a portion of
the net proceeds is expected to be used to make investments in or acquisitions
of business or assets related or complementary to the Company's business. The
debt securities have not been registered under the Securities Act of 1933 and
may not be offered or sold in the United States absent registration under such
Act or an applicable exemption from registration requirements.
# # #
PSINet Inc.
510 Huntmar Park Drive, Herndon, VA 20170-5100
tel. 703 904-4100 o fax 703 904-4200 o http://www.psi.net
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