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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) JANUARY 26, 2000
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ORBCOMM GLOBAL, L.P.
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(Exact name of registrant as specified in its charter)
DELAWARE 333-11149 54-1698039
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2455 HORSE PEN ROAD, SUITE 100
HERNDON, VIRGINIA 20171
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (703) 406-6000
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
On January 26, 2000, the registrant, Teleglobe Mobile Partners
("Teleglobe Mobile") and Orbital Communications Corporation ("OCC"), the
registrant's partners, Teleglobe Inc. ("Teleglobe") and Orbital Sciences
Corporation ("Orbital") entered into an Omnibus Agreement dated as of January 1,
2000 (the "Omnibus Agreement"). Pursuant to the Omnibus Agreement and effective
as of January 1, 2000, Teleglobe Mobile became the registrant's sole general
partner and acquired a majority interest in the registrant in accordance with
the formula set forth in the Amended and Restated Partnership Agreement of the
registrant. OCC converted its general partner interest into a limited partner
interest. Assuming closing by February 25, 2000 of certain transactions as
contemplated in the Omnibus Agreement, Teleglobe Mobile and OCC will own
approximately 60% and 40%, respectively, of the registrant. As of January 26,
2000, Teleglobe Mobile held approximately a 65% equity interest in the
registrant, with the balance of the equity interests in the registrant held by
OCC. Each of Teleglobe Mobile and OCC remains a limited partner of the
registrant.
The funds used by Teleglobe Mobile to increase its equity interest
in the registrant were obtained by Teleglobe Mobile from the proceeds of
intercompany loans and/or equity contributions from affiliates of Teleglobe to
Teleglobe Mobile.
On January 27, 2000, Teleglobe and Orbital issued a joint press
release regarding the transaction.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
3.1 Amended and Restated Partnership Agreement of ORBCOMM
Global, L.P. dated as of January 1, 2000
10.1 Omnibus Agreement dated as of January 1, 2000 among Orbital
Sciences Corporation, Orbital Communications Corporation,
Teleglobe Inc., Teleglobe Mobile Partners and ORBCOMM
Global, L.P.
99.1 Press Release dated January 27, 2000
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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 thereunto duly authorized.
ORBCOMM GLOBAL, L.P.
Date: February 2, 2000 By: /s/ Scott L. Webster
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Scott L. Webster Chairman and Chief
Executive Officer
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