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) March 20, 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 March 20, 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 March 20, 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: March 26, 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 March 20, 1998
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
Kelli Harrington Nemer Michael P. Binko, APR
Manager, Investor Relations Manager, Public Relations
703-904-4100, ext. 1245 703-904-4282
[email protected] [email protected]
PSINET ANNOUNCES INTENT TO CONDUCT RULE 144A OFFERING
HERNDON, VA -- MARCH 20, 1998 -- PSINet Inc. (NASDAQ: PSIX) announced that it is
pursuing a placement of debt securities 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 will not be 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 the
registration requirements.
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