8-K 1 y42940e8-k.txt GLOBALSTAR, L.P. 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): November 17, 2000 GLOBALSTAR TELECOMMUNICATIONS LIMITED (Exact name of registrant as specified in its charter) Islands of Bermuda 0-25456 13-3795510 -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number Cedar House, 41 Cedar Avenue, Hamilton, Bermuda HM 12 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (441) 295-2244 -------------------------------------------------------------------------------- GLOBALSTAR, L.P. ------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-25461 13-3759824 -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number 3200 Zanker Road, San Jose, California 95134 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (408)933-4000 -------------------------------------------------------------------------------- 2 Item 5. Other Events. On November 17, 2000, Globalstar, L.P. ("Globalstar") entered into an Assignment, Amendment and Release Agreement with the lenders ("Lenders") under its $500 million credit facility, Loral Space & Communications Ltd. ("Loral"), Loral Satellite, Inc. ("Loral Satellite") and certain other subsidiaries of Loral, pursuant to which Globalstar consented to the assignment by the Lenders to Loral Satellite of all of the loans outstanding under its $500 million credit facility. Bank of America, National Association remains the Administrative Agent for the credit facility. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. Exhibit 10.1 Assignment, Amendment and Release Agreement dated as of November 17, 2000 by and among the lenders parties to the Globalstar Credit Agreement, Loral Satellite, Inc., Loral Satcom Ltd., Loral Space & Communications Ltd., Loral Space & Communications Corporation, Globalstar, L.P. and Bank of America, National Association. 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. GLOBALSTAR TELECOMMUNICATIONS LIMITED ----------------------------- (Registrant) Date: November 20, 2000 By: /s/ Avi Katz ----------------------------- Avi Katz Vice President and Secretary Globalstar, L.P. ----------------------------- (Registrant) By: Loral/QUALCOMM Satellite Services, L.P., its managing general partner By: Loral/QUALCOMM Partnership, L.P., its general partner By: Loral General Partner, Inc., its general partner Date: November 20, 2000 By: /s/ Avi Katz ----------------------------- Avi Katz Vice President and Secretary 4 EXHIBIT INDEX Exhibit Description Exhibit 10.1 Assignment, Amendment and Release Agreement dated as of November 17, 2000 by and among the lenders parties to the Globalstar Credit Agreement, Loral Satellite, Inc., Loral Satcom Ltd., Loral Space & Communications Ltd., Loral Space & Communications Corporation, Globalstar, L.P. and Bank of America, National Association.