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) January 14, 2002
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GLOBIX CORPORATION
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(Exact name of registrant as specified in charter)
Delaware 1-14168 13-3781263
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(State or other juris- (Commission (IRS Employer
diction of Incorporation) File number) Identification No.)
139 Centre Street, New York, New York 10013
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (212) 334-8500
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
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On January 14, 2002, Globix Corporation (the "Company"), issued a press
release stating that it had entered into lock-up agreements regarding the
restructuring of the Company's equity and debt (the "Chapter 11 Prepackaged
Reorganization Plan") with certain holders owning more than 51% of the Company's
outstanding $600,000,000 issuance of 12-1/2% senior notes due 2010 (the "Senior
Notes"), and holders of its Series A 7-1/2% Convertible Preferred Stock. The
Company also announced that it has commenced soliciting acceptances of its
proposed Chapter 11 Prepackaged Reorganization Plan from the other holders of
the Senor Notes. A copy of the press release is attached to this current report
as Exhibit 99.1 and incorporated by reference to this current report.
A copy of the Disclosure Statement describing the Company's Chapter 11
Prepackaged Reorganization Plan, dated January 14, 2002 (including the Company's
Chapter 11 Prepackaged Reorganization Plan, dated January 14, 2002, and all
exhibits thereto) (the "Disclosure Statement") is attached as Exhibit 99.2 to
this current report.
Certain statements in this current report (and the exhibits attached
hereto) contain forward-looking statements relating to the Company's or
management's intentions, beliefs, expectations or predictions for the future.
Such forward-looking statements are subject to a number of risks, assumptions
and uncertainties that could cause the Company's actual results to differ
materially from those projected in the forward-looking statements. These risks,
assumptions and uncertainties include the ability to finance the operations and
complete the planned expansion of our facilities and network; our reliance on
the growth of the Internet and e-commerce; our success against competitors with
significantly greater resources; our ability to develop, pursue, confirm and
consummate a plan of reorganization and to achieve its expected benefits; and
other risks listed under the heading of Risk Factors in the Company's filings
with the Securities and Exchange Commission. The Company undertakes no
obligation to update or revise any forward-looking statements for events or
circumstance after the date on which such statement is made. New factors emerge
from time to time, and it is not possible for the Company to predict all such
factors. Further,
the Company cannot assess the impact of each such factor on its business or the
extent to which any factor, or combination of factors, may cause actual results
to differ materially from those contained in any forward-looking statements.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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Exhibit Number Description
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Exhibit 99.1 Press release of the Company dated January 14, 2002.
Exhibit 99.2 Disclosure Statement describing the Company's Chapter 11 Prepackaged Reorganization Plan, dated
January 14, 2002 (including the Company's Chapter 11 Prepackaged Reorganization Plan, dated
January 14, 2002, and all exhibits thereto).
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.
GLOBIX CORPORATION
By /s/ Peter L. Herzig
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Peter L. Herzig
Chief Executive Officer
Dated: January 14, 2002