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GLOBIX
FILES AMENDMENT TO REGISTRATION STATEMENT
New York, New York, March 4, 1999 Globix Corporation (Nasdaq:
GBIX) a leading provider of Internet connectivity and sophisticated
Internet-based solutions for large and medium size businesses, today
announced that it filed an amendment to its Registration Statement
with the Securities and Exchange Commission for a planned underwritten
public offering of 4,605,790 shares of common stock, of which 4,000,000
shares are being offered by the Company and 605,790 shares are being
offered by selling shareholders, none of whom are executive officers
of Globix. Based on the recent market price of
the Company’s common stock, the net proceeds to the Company are expected
to be approximately $93.6 million.
When available, a copy of the preliminary prospectus relating to the offering may be obtained from
Donaldson, Lufkin & Jenrette Securities Corporation, Prospectus Dept., 277 Park Ave., New York, NY 10172,
212-892-4525; Bear, Stearns & Co. Inc., Prospectus Dept., 245 Park Ave., New York, NY 10167, 212-272-4850;
and Lehman Brothers Inc., Prospectus Dept., Three World Financial Center, New York, NY 10285, 212-526-7000.
A Registration Statement relating to these securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may not be sold nor may offers to buy be
accepted prior to the time that the registration statement becomes effective.
This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.
Contact:
Charles Strauzer – Manager, Investor Relations
Globix Corporation
212-625-7327
[email protected]
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