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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): February 10, 1999
McLEODUSA INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 0-20763 42-1407240
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification Number)
of Incorporation)
McLeodUSA Technology Park 52406-3177
6400 C Street, S.W., P.O. Box 3177, Cedar Rapids, IA (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (319) 364-0000
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
Proposed Private Debt Offering
After the close of The Nasdaq Stock Market, Inc.'s National Market System on
the evening of February 10, 1999, the Company issued a press release
announcing that it plans to raise approximately $250 million in a proposed
private offering of senior notes due 2009 (i) to "qualified institutional
buyers"(as defined in Rule 144A under the Securities Act of 1933) and (ii)
pursuant to offers and sales that occur outside the United States in
accordance with Regulation S under the Securities Act of 1933.
Enclosed as Exhibit 99.1 to this Current Report on Form 8-K, and
incorporated by reference herein, is the text of the press release issued by
the Company on the evening of February 10, 1999.
* * * * *
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
99.1 Press Release, dated February 10, 1999, announcing the Company's intent
to raise up to $250 million in a proposed private debt offering of senior
notes due 2009.
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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.
McLeodUSA Incorporated
Date: February 11, 1999
/s/ Randall Rings
By: _________________________________
Randall Rings
Vice President, Secretary and
General Counsel
EXHIBIT INDEX
Page Number
in Sequential
Exhibit Number Exhibit Numbering System
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99.1 Press Release, dated February 10, 1999,
announcing the Company's intent to raise up
to $250 million in a proposed private debt
offering of senior notes due 2009.