-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SWn6yq8BTEXpTUP5tKZNM5EVdD41l2w+vIUVjVrLoxUsg8tad38xrDqIaidfBIFE kvEIN0azrMiaA8blVkp7zA== 0000950123-99-009271.txt : 19991018 0000950123-99-009271.hdr.sgml : 19991018 ACCESSION NUMBER: 0000950123-99-009271 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990928 ITEM INFORMATION: FILED AS OF DATE: 19991013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORAL SPACE & COMMUNICATIONS LTD CENTRAL INDEX KEY: 0001006269 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 133867424 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14180 FILM NUMBER: 99727409 BUSINESS ADDRESS: STREET 1: 600 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2126971105 MAIL ADDRESS: STREET 1: 600 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10016 8-K 1 FORM 8-K 1 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): September 28, 1999 - -------------------------------------------------------------------------------- LORAL SPACE & COMMUNICATIONS LTD. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Islands of Bermuda 1-14180 13-3867424 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number c/o Loral SpaceCom Corporation 600 Third Avenue, New York, New York 10016 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number,including area code: (212) 697-1105 - -------------------------------------------------------------------------------- 2 Item 5. Other Events. On September 28, 1999, Loral Asia Pacific Satellite (HK) Limited ("Loral Orion HK"), a subsidiary of Loral Orion, Inc., closed the previously announced transaction with APT Satellite Company Limited ("APT") pursuant to which Loral Orion HK acquired all transponder capacity on the Apstar IIR satellite (other than with respect to one C-band transponder) from APT via a lease through the end of life of the satellite. Loral Orion HK will also have the option to lease from APT replacement satellites upon the end of life of Apstar IIR. In connection with the closing, Loral Orion HK notified APT that it will prepay on March 27, 2000 all then remaining installments of the purchase price. As a result of this prepayment election by Loral Orion HK, the aggregate amount of the purchase price was reduced from approximately $298 million to approximately $273 million. Insurance proceeds from the Orion 3 launch failure will be used to fund substantially all of such purchase price. -2- 3 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. LORAL SPACE & COMMUNICATIONS LTD. --------------------------------- (Registrant) Date: October 13, 1999 By:/s/ Eric J. Zahler --------------------------------- Eric J. Zahler Senior Vice President, General Counsel and Secretary -3- -----END PRIVACY-ENHANCED MESSAGE-----