-----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, UdmBvALlSiLsHpWlYMXpHsPArjOyspwQp90t8DTz0KpAEpj8sam6xmvzm1vcme08 AAZc92wlB8HMVXLjrWf/0A== 0000914121-01-500054.txt : 20010410 0000914121-01-500054.hdr.sgml : 20010410 ACCESSION NUMBER: 0000914121-01-500054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010403 ITEM INFORMATION: FILED AS OF DATE: 20010404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELECORP WIRELESS INC CENTRAL INDEX KEY: 0001089341 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 541872248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27901 FILM NUMBER: 1594955 BUSINESS ADDRESS: STREET 1: 1010 N GLEBE ROAD STREET 2: SUITE 800 CITY: ARLINGTON STATE: VA ZIP: 22201 BUSINESS PHONE: 7032361100 MAIL ADDRESS: STREET 1: 1010 N GLEBE ROAD STREET 2: SUITE 800 CITY: ARLINGTON STATE: VA ZIP: 22201 FORMER COMPANY: FORMER CONFORMED NAME: TELECORP PCS INC DATE OF NAME CHANGE: 19990622 8-K 1 te-556249.txt CURRENT REPORT 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): April 3, 2001 TeleCorp Wireless, Inc. ----------------------- (Exact Name of Registrant as Specified in Charter) Delaware 000-27901 54-1872248 -------- --------- ---------- (State or Other (Commission (IRS Employer Jurisdiction File Number) Identification No.) of Incorporation) 1010 N. Glebe Road, Suite 800 Arlington, VA 22201 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (703) 236-1100 N/A (Former Name or Former Address, if Changed Since Last Report) Item 9. Regulation FD Disclosure On April 3, 2001, TeleCorp PCS, Inc. ("TeleCorp") entered into a revised commitment with Lucent Technologies Inc. ("Lucent") relating to the $425.0 million gross proceeds of notes as described in a press release filed by TeleCorp as an exhibit to its Form 8-K dated March 15, 2001. Subject to the terms and conditions of the revised commitment, Lucent has agreed to purchase $171.3 million principal amount at maturity of notes for $100.0 million on or about April 6, 2001. These notes will accrete in value until April 15, 2006 and at that time, cash interest will begin to accrue on the notes at a rate of 11% per annum, compounded semi-annually. Lucent has also agreed to purchase additional 11% senior subordinated discount notes due 2011 (the "October Notes") on or about October 1, 2001 for $100.0 million at a yield to maturity of 11%. The issuance of the October Notes will be conditioned on, among other things, that there be no event of default in existence relating to TeleCorp's or its subsidiaries' debt that amounts to more than $100.0 million, that TeleCorp not be in default under a certain equipment procurement contract between TeleCorp Wireless, Inc. (the "Company") and Lucent and that TeleCorp execute an exchange and registration rights agreement substantially in the form as that agreed upon by the parties. Finally, as part of this revised commitment, subject to the same conditions as the issuance of the October Notes, Lucent has agreed, at any time after October 1, 2001 and from time to time thereafter through May 13, 2002, to purchase senior subordinated discount notes due 2011 that would yield aggregate gross proceeds to TeleCorp of up to $225.0 million (less amounts issued by the Company pursuant to the commitment described below). The yields at which these notes would be issued to Lucent would be the lesser of 12% and 25 basis points below the average of the last sale yield of the Company's 11 5/8% senior subordinated discount notes due 2009 over the five trading days prior to the date on which TeleCorp gives notice to Lucent of the issuance of these notes. Additionally, in connection with the revised commitment, Lucent has agreed to extend their commitment to purchase up to $75.0 million principal amount of series A increasing rate notes and series B increasing rate notes from the Company at a price equal to the principal amount of these notes. Lucent's obligation to purchase these series A increasing rate notes and series B increasing rate notes will expire on October 31, 2001 and October 31, 2002, respectively, and will be reduced dollar-for-dollar for every dollar of gross proceeds in excess of $350.0 million received by TeleCorp from the sale of its senior subordinated discount notes due 2011 described above. If the Company issues these notes prior to October 31, 2001, one-half of these notes would be series A increasing rate notes and one-half would be series B increasing rate notes. If TeleCorp issues these notes on or after October 31, 2001, all of the notes will be series B increasing rate notes. For a description of the series A increasing rate notes see the Company's registration statement on Form S-4 (File no. 333-43596). However, in connection with this extension Lucent agreed to amend the mandatory prepayment threshold as a result of certain equity offerings from $198.0 million to $368.1 million. The terms of the series B increasing rate notes are the same as the series A increasing rate notes except: 1) the interest rate is 12 1/8; 2) on or prior to May 11, 2004 interest will be payable in additional series B increasing rate notes; and 3) the series B increasing rate notes would be mandatorily prepayable from the net cash proceeds of the issuance by the Company, in a public offering or private placement, of debt securities that are senior to the series A increasing rate notes and the series B increasing rate notes; such prepayment would not be required, however, in the case of a private placement (other than a Rule 144A offering) in connection with the financing of certain additional BTAs or MTAs or in the case of any funding under the Company's bank credit agreement or any replacement credit facility. 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. TeleCorp Wireless, Inc. Date: April 3, 2001 By: /s/ Thomas H. Sullivan ------------------------ Thomas H. Sullivan Authorized Officer -----END PRIVACY-ENHANCED MESSAGE-----