-----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, S1l9PgOJg8Wghh9qak35FBjmoprgV5m3nhWd2Vq04OIxKD72i2agfwzk1dumAVZq LmqND41MpN33OjRyyo99JA== 0000950133-98-002771.txt : 19980803 0000950133-98-002771.hdr.sgml : 19980803 ACCESSION NUMBER: 0000950133-98-002771 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980730 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORBITAL SCIENCES CORP /DE/ CENTRAL INDEX KEY: 0000820736 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 061209561 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-42271 FILM NUMBER: 98674147 BUSINESS ADDRESS: STREET 1: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 BUSINESS PHONE: 7034065000 MAIL ADDRESS: STREET 1: 21700 ATLANTIC BLVD STREET 2: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 FORMER COMPANY: FORMER CONFORMED NAME: ORBITAL SCIENCES CORP II DATE OF NAME CHANGE: 19900212 424B3 1 PROSPECTUS SUPPLEMENT 424B3 1 PROSPECTUS SUPPLEMENT DATED JULY 30, 1998 TO PROSPECTUS DATED MARCH 12, 1998 ORBITAL SCIENCES CORPORATION 5% CONVERTIBLE SUBORDINATED NOTES DUE 2002 SELLING SECURITYHOLDERS This Prospectus Supplement should be read in conjunction with the Prospectus dated March 12, 1998 (the "Prospectus"). The table on pages 30, 31 and 32 of the Prospectus setting forth information concerning the Selling Securityholders is superceded by the following table:
COMMON PRINCIPAL PRINCIPAL STOCK AMOUNT OF AMOUNT OF NOTES OWNED PRIOR COMMON STOCK NAME OF SELLING SECURITYHOLDER NOTES OWNED OFFERED HEREBY TO OFFERING(1) OFFERED HEREBY(2) ------------------------------ ----------- --------------- -------------- ----------------- Merrill Lynch International.............. 13,050,000 13,050,000 466,071 466,071 General Motors Employees Domestic Group Trust.................................. 10,680,000 10,680,000 381,428 381,428 The Strategic Money Management Company B.V. .................................. 8,300,000 8,300,000 296,428 296,428 Deutsche Morgan Grenfell Inc.(4)......... 5,455,000 5,455,000 194,821 194,821 Bankers Trust International.............. 5,450,000 5,450,000 194,642 194,642 Bond Fund Series Oppenheimer Bond Fund For Growth............................. 4,500,000 4,500,000 160,714 160,714 Nomura Securities (Bermuda) Ltd. ........ 4,000,000 4,000,000 142,857 142,857 J.P. Morgan Securities Inc.(3)........... 3,550,000 3,550,000 126,785 126,785 Highbridge Capital Corporation........... 3,048,000 3,048,000 108,857 108,857 Delaware State Employees Retirement Fund................................... 3,025,000 3,025,000 108,035 108,035 Societe Generale Securities Corp. ....... 2,750,000 2,750,000 98,214 98,214 SMALLCAP World Fund, Inc. ............... 2,500,000 2,500,000 89,285 89,285 Paloma Securities L.L.C. ................ 2,170,000 2,170,000 77,500 77,500 Allstate Insurance Company............... 2,000,000 2,000,000 95,928(5) 71,428 Lipper Offshore Convertibles, L.P. ...... 2,000,000 2,000,000 71,428 71,428 The Northwestern Mutual Life Insurance Company................................ 2,000,000 2,000,000 71,428 71,428 Froley, Revy Investment Co. Inc. Account: Arkansas PERS................. 1,560,000 1,560,000 55,714 55,714 Lipper Convertibles, L.P. ............... 1,500,000 1,500,000 53,571 53,571 Froley, Revy Investment Co. Inc. Account: Delaware PERS................. 1,350,000 1,350,000 48,214 48,214 Silverton International Fund Limited..... 1,330,000 1,330,000 47,500 47,500 Equitable Life Assurance Separate Account Convertibles........................... 1,305,000 1,305,000 46,607 46,607 AAM/ZAZOVE Institutional Income Fund, L.P. .................................. 1,300,000 1,300,000 46,428 46,428 Alexandra Global Investment Fund 1, Ltd. .................................. 1,300,000 1,300,000 46,428 46,428 Husic Capital Management as a Discretionary Asset Manager for the Ameritech Pension Plan under an Investment Management Agreement dated December 22, 1995...................... 1,000,000 1,000,000 35,714 35,714 The Minnesota Mutual Life Insurance Company................................ 1,000,000 1,000,000 35,714 35,714 Hudson River Trust Growth & Income Account................................ 945,000 945,000 33,750 33,750 Orrington Investments L.P. .............. 937,000 937,000 33,464 33,464 Declaration of Trust for the Defined Benefit Plan of ICI American Holdings, Inc. .................................. 925,000 925,000 33,035 33,035 Thermo Electron Balanced Investment Fund................................... 830,000 830,000 29,642 29,642 KA Management Ltd........................ 699,994 699,994 24,999 24,999
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COMMON PRINCIPAL PRINCIPAL STOCK AMOUNT OF AMOUNT OF NOTES OWNED PRIOR COMMON STOCK NAME OF SELLING SECURITYHOLDER NOTES OWNED OFFERED HEREBY TO OFFERING(1) OFFERED HEREBY(2) ------------------------------ ----------- --------------- -------------- ----------------- Hudson River Trust Balanced Account...... 690,000 690,000 24,642 24,642 Forum Capital Markets LP................. 650,000 650,000 23,214 23,214 Declaration of Trust for the Defined Benefit Plan of ZENECA Holdings Inc. .................................. 640,000 640,000 22,857 22,857 Memphis Light, Water and Gas Retirement Fund................................... 615,000 615,000 21,964 21,964 The J.W. McConnell Family Foundation..... 585,000 585,000 20,892 20,892 Orrington International Fund Ltd. ....... 563,000 563,000 20,106 20,106 Froley, Revy Investment Co. Inc. Account: ICI American Holdings Trust... 545,000 545,000 19,464 19,464 Froley, Revy Investment Co. Inc. Account: Zeneca Holdings Trust......... 545,000 545,000 19,464 19,464 Hudson River Trust Growth Investors...... 545,000 545,000 19,464 19,464 Forum Capital Markets LLC................ 525,000 525,000 18,750 18,750 Black Diamond Partners, L.P. ............ 460,000 460,000 16,428 16,428 Black Diamond Ltd. ...................... 429,000 429,000 15,321 15,321 Bancroft Convertible Fund, Inc. ......... 350,000 350,000 12,500 12,500 Ellsworth Convertible Growth and Income Fund, Inc. ............................ 350,000 350,000 12,500 12,500 KA Trading LP............................ 300,006 300,006 10,714 10,714 Hillside Capital Incorporated Corporate Account................................ 275,000 275,000 9,821 9,821 Froley, Revy Investment Co. Inc. Account: Nalco Chemical Retirement Trust.................................. 250,000 250,000 8,928 8,928 First Church of Christ, Scientist -- Endowment.............................. 245,000 245,000 8,750 8,750 Christian Science Trustees for Gifts and Endowments............................. 225,000 225,000 8,035 8,035 FJH Absolute Return Fund, L.P. .......... 200,000 200,000 7,142 7,142 The Frist Foundation..................... 160,000 160,000 5,714 5,714 Equitable Life Assurance Separate Account Balanced............................... 70,000 70,000 2,500 2,500 Summer Hill Global Partners, L.P. ....... 70,000 70,000 2,500 2,500 Worldwide Transactions Ltd. ............. 63,000 63,000 2,250 2,250 David Lipscomb University General Endowment.............................. 40,000 40,000 1,428 1,428 SUBTOTAL........................ $ 99,850,000 $ 99,850,000 3,590,571 3,566,071 ------------ ------------ --------- --------- Unnamed holders of Notes or any future transferees, pledgees, donees or successors of or from any such unnamed holders(6)............................. $ 150,000 $ 150,000 5,357(7) 5,357 TOTAL........................... $100,000,000 $100,000,000 3,595,928 3,571,428 ============ ============ ========= =========
- --------------- (1) Comprises the shares of Common Stock owned by each Selling Securityholder prior to the offering, including the shares of Common Stock into which the Notes held by such Selling Securityholder are convertible at the initial conversion rate, excluding fractional shares. Fractional shares will not be issued upon conversion of the Notes; rather, cash will be paid in lieu of fractional shares, if any. The Conversion Rate and the number of shares of Common Stock issuable upon conversion of the Notes are subject to adjustment under certain circumstances. See "Description of Notes -- Conversion Rights." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. 2 3 (2) Assumes conversion into Common Stock of the full amount of Notes held by the Selling Securityholder at the initial conversion rate and the offering of such shares by such Selling Securityholder pursuant to this Prospectus. The Conversion Rate and the number of shares of Common Stock issuable upon conversion of the Notes is subject to adjustment under certain circumstances. See "Description of Notes -- Conversion Rights." Accordingly, the number of shares of Common Stock issuable upon conversion of the Notes may increase or decrease from time to time. Fractional shares will not be issued upon conversion of the Notes; rather, cash will be paid in lieu of fractional shares, if any. The Selling Securityholders may offer and sell pursuant to the Prospectus, their Notes, their Conversion Shares or both. (3) J.P. Morgan Securities Inc. acted as an Initial Purchaser in the original placement of the Notes. In addition, Morgan Guaranty Trust Company of New York, an affiliate of J.P. Morgan Securities Inc., acts as an administrative agent and collateral agent for a syndicate of six banks which provide a credit facility to the Company. (4) Deutsche Morgan Grenfell, Inc. ("DMG") acted as an Initial Purchaser in the original placement of the Notes. In addition, Deutsche Bank AG, New York Branch, an affiliate of DMG, is the trustee under the Indenture for the Notes. In addition, Deutsche Bank, another affiliate of DMG, provides an uncommitted $25 million demand line of credit to the Company. (5) Does not include (i) 5,800 shares of Common Stock owned by CTC Illinois Trust Company, as trustee for the Allstate Retirement Plan, or (ii) 3,800 shares of Common Stock owned by CTC Illinois Trust Company, as trustee for Agents Pension Plan. (6) No such holder may offer Notes pursuant to this Prospectus until such holder is included as a Selling Securityholder in a supplement to this Prospectus in accordance with the Registration Rights Agreement. (7) Assumes that the unnamed holders of Notes or any future transferees, pledgees, donees or successors of or from any such unnamed holder do not beneficially own any Common Stock other than the Common Stock issuable upon conversion of the Notes at the initial conversion rate. 3 -----END PRIVACY-ENHANCED MESSAGE-----