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): January 27, 2000
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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<PAGE>
Item 5. Other Events
On January 27, 2000, PSINet Inc. issued two press releases, copies of
which are attached hereto as Exhibits 99.1 and 99.2, respectively, and which are
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99.1 Press release dated January 27, 2000.
Exhibit 99.2 Press release dated January 27, 2000.
<PAGE>
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: January 28, 2000 PSINET INC.
By: /s/ Edward D. Postal
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Edward D. Postal
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Exhibit Name Location
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99.1 Press release dated January 27, 2000. Filed herewith
99.2 Press release dated January 27, 2000. Filed herewith
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
ANALYST CONTACTS: MEDIA CONTACTS:
David Lerch Reid Walker
703-375-1245 703-375-1103
[email protected] [email protected]
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PSINET ANNOUNCES $700 MILLION RULE 144A OFFERING
HERNDON, VA -- JANUARY 27, 2000 -- PSINET INC. (NASDAQ: PSIX) today announced
that it had sold 14 million shares of its 7% Series D cumulative convertible
preferred stock in accordance with Securities and Exchange Commission Rule 144A.
An additional 2.1 million shares may be sold pursuant to an over-allotment
option. The net proceeds of the offering are expected to be used for general
corporate purposes including acquisitions and strategic alliances. Neither the
preferred stock nor the common stock issuable upon conversion of the preferred
stock has 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 the registration requirements.
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EXHIBIT 99.2
FOR IMMEDIATE RELEASE
ANALYST CONTACTS: MEDIA CONTACTS:
David Lerch Reid Walker
703-375-1245 703-375-1103
[email protected] [email protected]
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PSINET ANNOUNCES INCREASE OF OVER-ALLOTMENT OPTION FOR
$700 MILLION RULE 144A OFFERING
HERNDON, VA -- JANUARY 27, 2000 -- PSINET INC. (NASDAQ: PSIX) announced earlier
today that it had sold 14 million shares of its 7% Series D cumulative
convertible preferred stock in accordance with Securities and Exchange
Commission Rule 144A. The over-allotment option relating to the offering has
been increased to 2.5 million shares. The net proceeds of the offering are
expected to be used for general corporate purposes including acquisitions and
strategic alliances. Neither the preferred stock nor the common stock issuable
upon conversion of the preferred stock has 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 the registration
requirements.
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