SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 Event Reported):
April 30, 2001
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TELIGENT, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or other jurisdiction of incorporation or organization)
000-23387 54-18665620
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(Commission File Number) (IRS Employer Identification No.)
8065 Leesburg Pike
Suite 400
Vienna, Virginia 22182
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (703) 762-5100
Item 5. Other Events
On April 30, 2001, Teligent, Inc. (the "Company"), announced that it was
granted a waiver to an amendment and consent to its credit agreement with The
Chase Manhattan Bank, Goldman Sachs Credit Partners, Toronto Dominion Bank and
other lenders, providing an extension of certain covenants until May 15, 2001.
Yoav Krill was appointed Chief Operating Officer and Chief Executive Officer
of the Company. Prior to joining Teligent, Mr. Krill had been the Managing
Director of European Operations for IDT Corp. At Teligent, Mr. Krill will
assume the responsibility for Teligent's operations as well as the management
of the Company. Additionally, Howard Jonas, Chairman, Chief Executive Officer
and Treasurer of IDT Corp., has been appointed as the Chairman of the Board of
Directors of the Company.
The press release also announced, among other things, that Alex Mandl will not
continue as the Company's Chairman and Chief Executive Officer and is no
longer on the Company's Board of Directors, and that IDT Corp. purchased the
interest that Liberty Media Corporation held in the Company, as more fully
described in the press release, a copy of which is filed as Exhibit 99.1
hereto and which information is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
10.1 Waiver, dated as of April 30, 2001, to the Credit Agreement, dated
as of July 2, 1998, among Teligent, Inc., lenders from time to time
parties thereto, Goldman Sachs Credit Partners L.P., as syndication
agent, Toronto Dominion (Texas), Inc., as documentation agent, and
The Chase Manhattan Bank, as administrative agent.
99.1 Press release, dated April 30, 2001.
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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.
TELIGENT, INC.
Dated: May 2, 2001 By: /s/ Laurence E. Harris
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Name: Laurence E. Harris
Title: Senior Vice President
and General Counsel
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EXHIBIT INDEX
Exhibit Number Description
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10.1 Waiver, dated as of April 30, 2001, to the Credit
Agreement, dated as of July 2, 1998, among Teligent, Inc.,
lenders from time to time parties thereto, Goldman Sachs
Credit Partners L.P., as syndication agent, Toronto
Dominion (Texas), Inc., as documentation agent, and The
Chase Manhattan Bank, as administrative agent.
99.1 Press release, dated April 30, 2001.
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