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): May 24, 2000 McLEODUSA INCORPORATED (Exact name of registrant as specified in its charter) Delaware 0-20763 42-1407240 (State or Other (Commission (IRS Employer Jurisdiction of Incorporation) File Number) Identification Number) McLeodUSA Technology Park 6400 C Street S.W., P.O. Box 3177 Cedar Rapids, IA 52406-3177 (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code: (319) 364-0000 INFORMATION TO BE INCLUDED IN THE REPORT Item 5. Other Events. McLeodUSA Incorporated today announced that it intends to increase the size of its proposed senior secured credit facilities to $1.3 billion from the $1 billion size announced on April 12, 2000. McLeodUSA plans to use the additional amount to replace debt of McLeodUSA or its subsidiaries that it intends to retire. 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. Date: May 24, 2000 McLEODUSA INCORPORATED By: /s/ Randall Rings ----------------- Randall Rings Vice President, Secretary and General Counsel