UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): March 15, 2001
TELOCITY DELAWARE, INC.
(Exact name of registrant as specified in its charter)
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Delaware 333-94271 77-0467929
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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10355 North DeAnza Blvd.
Cupertino, California 95014
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (408) 863-6600
Not Applicable
(Former name or former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
In accordance with the terms of the convertible subordinated unsecured note
(the "Note") issued by Telocity Delaware, Inc. ("Telocity" or the "Company") to
Hughes Electronics Corporation ("Hughes") in connection with the December 21,
2000 Agreement and Plan of Merger by and among Telocity, Hughes and DIRECTV
Broadband, Inc. Hughes has agreed to provide Telocity with up to $20 million in
unsecured interim financing. As previously announced, on February 6, 2001,
pursuant to the terms of the Note, Telocity received from Hughes $10 million
under the Note. On March 15, March 23, and March 29, 2001, pursuant to the terms
of the Note, Telocity received from Hughes $3.4 million, $3.3 million and $3.3
million, respectively, under the Note. A copy of the Note is included as an
exhibit to the Schedule TO previously filed by Hughes on February 1, 2001 and is
incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Telocity Delaware, Inc.
Date: March 30, 2001 By: /s/ Scott Martin
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Scott Martin
Executive Vice President, Chief Administrative
Officer and Corporate Secretary