Globix to Commence Cash Tender Offer for 13% Senior Notes Due 2005NEW YORK – February 7, 2000Globix Corporation (NASDAQ:GBIX) today announced that it will commence an offer to purchase, pursuant to an Offer to Purchase, any and all of its outstanding $160 million principal amount, 13% Senior Notes due 2005, upon the closing of the sale of the previously announced $600 million principal amount, 12.5% Senior Notes due 2010. The closing of the 12.5% Senior Notes is expected to occur on February 8, 2000. The Offer will expire at 5:00 p.m. New York City time on March 7, 2000, unless extended. The purchase price per $1,000 principal amount of Notes in the Offer will be $1,065 plus accrued and unpaid interest from November 1, 1999 to the date of payment. The Company has received sufficient consents and has amended the indenture governing the 13% Senior Notes to delete substantially all of the restrictive covenants.All tenders will be executed through Lehman Brothers, the exclusive Dealer Manager for the tender offer.
Persons with questions regarding the tender offer should contact Lehman Brothers at 800-438-3242. Documentation can be obtained by calling D.F. King & Co., the information agent, at 800-488-8095. About GlobixGlobix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.
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