UNITED STATES
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): | July 1, 2005 |
Loral Space & Communications Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)
| Bermuda | 1-14180 | 13-3867424 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 600 Third Avenue, New York, New York | 10016 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (212) 697-1105 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 15, 2003, Loral Space & Communications Ltd. and certain of its subsidiaries filed voluntary petitions for reorganization under chapter 11 of title 11 of the United States Code in the United States District Court for the Southern District of New York and parallel insolvency proceedings in the Supreme Court of Bermuda in which certain partners of KPMG were appointed as joint provisional liquidators.
Loral Space & Communications Ltd. ("Loral") announced today that it is extending to July 29, 2005, at 4:00 pm (Eastern Time) the expiration date of the Rights Offering in connection with and subject to the terms and conditions set forth in its Plan of Reorganization previously filed with the U.S. Bankruptcy Court. Further details regarding this extension are contained in the Notice Loral filed today with the Court, which is available at the Court’s website at www.nysb.uscourts.gov or on Loral’s web site at www.loral.com.
The press release announcing the extension is incorporate d by reference herein and attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated July 1, 2005
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.
| Loral Space & Communications Ltd. | ||||
| July 1, 2005 | By: | Avi Katz | ||
| Name: Avi Katz | ||||
| Title: Vice President | ||||
Exhibit Index
| Exhibit No. | Description | |
99.1 | Press Release dated July 1, 2005 |
