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GLOBIX CORPORATION ANNOUNCES THE COMMENCEMENT OF AN EXCHANGE OFFER FOR ITS 12.50 % SENIOR NOTES DUE 2010
NEW YORK — April 17, 2000 — Globix Corporation (NASDAQ: GBIX)
announced today that it was commencing, effective April 18, 2000, an offer to exchange up to
$600,000,000 aggregate principal amount of its 12.5% Senior Notes due 2010, (the “New Notes”),
which have been registered under the Securities Act of 1933, for a like amount of its outstanding
12.5% Senior Notes due 2010 (the “Old Notes”), which are unregistered.
The exchange offer will expire on May 15, 2000, unless extended by Globix. The exchange
offer will be made pursuant to and in accordance with the terms stated in a prospectus and
letter of transmittal, dated April 17, 2000. The New Notes will replace the debt represented
by the Old Notes. The Indenture, dated February 8, 2000, between Globix and HSBC Bank USA,
as Trustee, governs both the New Notes and any Old Notes not exchanged during this offer.
A copy of the prospectus may be obtained by contacting HSBC Bank USA, 140 Broadway, Level
A, New York, New York 10005-1180, Attention: Corporate Trust Department, Facsimile:
(212) 658-2292, Telephone: (212) 658-5931
This press release does not constitute an offer to sell or the solicitation of an offer to
buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction
in which such offering would be unlawful.
This press release contains forward-looking statements. Actual results could differ
materially from those projected in the forward-looking statements. Additional information
concerning factors that could cause actual results to differ materially from those in the
forward-looking statements is contained under the heading of Risk Factors listed from time
to time in the Company’s filings with the Securities and Exchange Commission.
Contact:
Globix Corporation
Charles Strauzer
VP, Corporate Finance
212-625-7327
[email protected]
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