-----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, FFelwccV+grT/kDne63c5llQqOvNXtn8VWin0FFwaRVKvuaTP+JgUjKFw1IM7iGz AKltmxMpkraQTDd7y+v0pQ== 0000950123-99-009270.txt : 19991018 0000950123-99-009270.hdr.sgml : 19991018 ACCESSION NUMBER: 0000950123-99-009270 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 ORION INC CENTRAL INDEX KEY: 0001029850 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 522008654 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-19167 FILM NUMBER: 99727404 BUSINESS ADDRESS: STREET 1: 2440 RESEARCH BLVD STE 400 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 3012588101 MAIL ADDRESS: STREET 1: 2440 RESEARCH BLVD STREET 2: SUITE 400 CITY: ROCKVILLE STATE: MD ZIP: 20850 FORMER COMPANY: FORMER CONFORMED NAME: ORION NETWORK SYSTEMS INC/NEW/ DATE OF NAME CHANGE: 19970404 FORMER COMPANY: FORMER CONFORMED NAME: ORION NEWCO SERVICES INC DATE OF NAME CHANGE: 19961231 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 ORION, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-22085 52-2008654 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number 2440 Research Boulevard, Suite 400, Rockville MD 20850 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number,including area code: - -------------------------------------------------------------------------------- (301) 258-8101 2 Item 5. Other Events. On September 28, 1999, Loral Asia Pacific Satellite (HK) Limited ("Loral Orion HK"), a subsidiary of Loral Orion, Inc. ("Loral Orion"), 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 ORION, INC. ----------------- (Registrant) Date: October 13, 1999 By:/s/ Eric J. Zahler ------------------------- Eric J. Zahler Senior Vice President -3- -----END PRIVACY-ENHANCED MESSAGE-----