1
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 28, 2000
---------------
Iridium LLC
Delaware 0-22637-01 52-1984342
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
Iridium Operating LLC
Delaware 0-22637-02 52-2066319
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
Iridium World Communications Ltd.
Bermuda 0-22637 52-2025291
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda
(441) 295-5950
--------------
Iridium Capital Corporation
Delaware 333-31741-03 52-2048739
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
Iridium IP LLC
Delaware 333-31741-01 52-2048736
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
Iridium Roaming LLC
Delaware 333-31741-02 52-2048734
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
Iridium Facilities Corporation
Delaware 33-44349-04 52-2083969
(State or other (Commission File Number) (I.R.S. Employer Identification
jurisdiction of Number)
organization)
1575 Eye Street, N.W., Washington, DC 20005
(202) 408-3800
---------------
2
This current report on 8-K is filed jointly by Iridium LLC (the "Parent"),
Iridium Operating LLC ("Operating"), Iridium World Communications Ltd. ("IWCL"),
Iridium Capital Corporation ("Capital"), Iridium Roaming LLC ("Roaming"),
Iridium IP LLC ("IP") and Iridium Facilities Corporation ("Facilities").
IWCL acts as a member of the Parent and has no other business. Operating is a
wholly-owned subsidiary of the Parent. The business of Operating, operating the
Iridium system and offering Iridium services, constitutes substantially all of
the business of the Parent. Capital, Roaming, IP and Facilities are wholly-owned
subsidiaries of Operating.
The Parent noted that recent trading in the stock of its public investment
vehicle, IWCL, does not reflect the reality of its financial situation. The
stock of IWCL was de-listed by NASDAQ on November 19, 1999 and is now trading
on the "pink sheets." The Parent is in a Chapter 11 bankruptcy reorganization
proceeding and, based on its debt level in excess of $4 billion and the legal
priorities in bankruptcy, the Parent believes that any reorganization or
liquidation will not result in any value remaining from the bankruptcy estate
for holders of publicly traded equity.
Item 5. Other Events
On January 28, 2000 Parent and IWCL filed Monthly Operating Statements for the
period December 1, 1999 through December 31, 1999 with the United States
Bankruptcy Court in the Southern District of New York, copies of which are
attached hereto as Exhibits 99.1 and 99.2.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) The following exhibits are filed herewith.
Exhibit Number Description
- -------------- -----------
99.1 Iridium LLC Monthly Operating Statement for the period
December 1, 1999 through December 31, 1999
99.2 IWCL Monthly Operating Statement for the period
December 1, 1999 through December 31, 1999
SIGNATURES*
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Iridium World Communications Ltd.
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: Secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium LLC
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: Secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium Operating LLC
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: Secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium Capital Corporation
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: Secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium IP LLC
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
3
Title: acting secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium Roaming LLC
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: acting secretary
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Iridium Facilities Corporation
- --------------------------------------------------------------------------------
By /s/ F. Thomas Tuttle
- --------------------------------------------------------------------------------
Name: F. Thomas Tuttle
- --------------------------------------------------------------------------------
Title: Secretary
- --------------------------------------------------------------------------------
Date: January 31, 2000