SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 30, 2000
VIATEL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-21261 13-3787366
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
Viatel, Inc.
685 Third Avenue
New York, New York 10017
(Address of Principal Executive Offices, Including Zip Code)
Registrant's telephone number, including area code: 212-350-9200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On March 30, 2000, Viatel, Inc. (the "Company") announced its intention to
raise approximately $ 350 million through an offering of trust convertible
preferred securities issued by Viatel Financing Trust I, a Delaware trust and
subsidiary of the Company. The transaction is expected to be completed in April
2000. The trust convertible preferred securities will be sold to investors in
the United States pursuant to a private placement under Rule 144A and to
investors outside the United States pursuant to Regulation S.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits.
The following exhibits are filed with this Report.
Exhibit No. Description.
99.1 Press release dated March 30, 2000.
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<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.
VIATEL, INC.
Date: March 30, 2000. By: /S/ JAMES P. PRENETTA
--------------------------------
Name: James P. Prenetta
Title: Senior Vice President and
General Counsel
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<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION.
99.1 Press Release of Viatel, Inc., dated March 30, 2000.
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<PAGE>
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACTS:
Glenn K. Davidson, Senior Vice President, Communications & External Affairs
Cindy Glynn, Director, Investor Relations
+1-212-350-9200
VIATEL PROPOSES TO RAISE $350 MILLION IN OFFERING OF CONVERTIBLE STOCK
NEW YORK, NEW YORK - MARCH 30, 2000 -- VIATEL, INC. (NASDAQ: VYTL) today
announced its intention to raise approximately $350 million through an offering
of trust convertible preferred securities issued by Viatel Financing Trust I, a
Delaware trust and subsidiary of the Company. The offering of the trust
convertible preferred securities is expected to be completed in April 2000. The
proceeds from the sale of preferred securities will be invested by the Viatel
Financing Trust in convertible debentures to be issued by Viatel. Viatel will
use the net proceeds principally to fund the further expansion of its network,
as well as to fund other general corporate and working capital purposes.
The preferred securities will be sold to investors in the United States pursuant
to a private placement under Rule 144A and to investors outside the United
States pursuant to Regulation S. The preferred securities will not be registered
under the Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent such registration or an applicable exemption from the
registration requirements of the Act. This release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such an offer or solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any state.
The matters discussed in this release are forward-looking statements that
involve risks and uncertainties detailed from time to time in Viatel's
registration statements and reports filed with the Securities and Exchange
Commission, including those contained in its Annual Report on Form 10-K. Viatel
undertakes no duty to update such forward-looking statements.
