EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
TO TENDER
10 1/2% SENIOR NOTES DUE 2007
IN EXCHANGE FOR
10 1/2% SENIOR NOTES DUE 2007
OF
BTI TELECOM CORP.
Registered holders of outstanding 10 1/2% Senior Notes Due 2007 (the
"Initial Notes") who wish to tender their Initial Notes in exchange for a like
principal amount of 10 1/2% Senior Notes Due 2007 which have been registered
under the Securities Act of 1933, as amended (the "Exchange Notes"), and whose
Initial Notes are not immediately available or who cannot deliver their Initial
Notes and Letter of Transmittal (and any other documents required by the Letter
of Transmittal) to First Trust of New York, National Association (the "Exchange
Agent") prior to the Expiration Date, may use this Notice of Guaranteed Delivery
or one substantially equivalent hereto. This Notice of Guaranteed Delivery may
be delivered by hand or sent by facsimile transmission or mail to the Exchange
Agent. See the section captioned "The Exchange Offer -- Procedures for
Tendering" in the Prospectus.
The Exchange Agent for the Exchange Offer is:
First Trust of New York, National Association
FOR INFORMATION BY TELEPHONE:
(212) 361-2894
BY HAND: BY MAIL:
First Trust of New York, First Trust National
National Association Association
100 Wall Street P.O. Box 64485
Suite 2000 St. Paul, Minnesota 55164-9549
New York, New York 10005
Attn: Corporate Trust Operations
BY OVERNIGHT COURIER: BY FACSIMILE:
First Trust National Association (612) 244-1537
Attn: Specialized Finance Attn: Specialized Finance
180 East Fifth Street Telephone: (800) 934-6802
St. Paul, Minnesota 55101
For information by telephone:
(212) 361-2894
By registered or certified mail or
by hand or overnight delivery:
First Trust of New York, National Association
100 Wall Street, 16th Floor
New York, New York 10005
Attn: Glenn Andersen
Facsimile transmissions:
(For Eligible Institutions only)
(212) 809-5459
Delivery of this Notice to an address other than as set forth above or
transmission of instructions via a facsimile transmission to a number other than
set forth above will not constitute a valid delivery.
This Notice of Guaranteed Delivery is not to be used to medallion guarantee
signatures. If a signature on a Letter of Transmittal is required to be
medallion guaranteed by an Eligible Institution under the instructions thereto,
such medallion signature guarantee must appear in the applicable space provided
on the Letter of Transmittal for Medallion Guarantee of Signatures.
Ladies and Gentlemen:
The undersigned hereby tenders the principal amount of Initial Notes
indicated below, upon the terms and subject to the conditions contained in the
Prospectus dated 1998 of BTI Telecom Corp. (the "Prospectus"), receipt
of which is hereby acknowledged.
DESCRIPTION OF SECURITIES TENDERED
NAME AND ADDRESS OF REGISTERED
HOLDER AS IT CERTIFICATE PRINCIPAL
APPEARS ON 10 1/2% SENIOR NUMBER(S) OF INITIAL AMOUNT OF
NOTES DUE 2007, NOTES TRANSMITTED INITIAL NOTES
("INITIAL NOTES") (IF AVAILABLE) TRANSMITTED
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THE FOLLOWING MUST BE COMPLETED
GUARANTEE
(NOT TO BE USED FOR MEDALLION SIGNATURE GUARANTEE)
The undersigned, a firm that is a member of a registered national
securities exchange or a member of the National Association of Securities
Dealers, Inc. or a commercial bank or trust company having an office, branch,
agency or correspondent in the United States, hereby guarantees to deliver to
the Exchange Agent at one of its addresses set forth above, the Initial Notes,
together with a properly completed and duly executed Letter of Transmittal
within three New York Stock Exchange, Inc. trading days after the date of
execution of this Notice of Guaranteed Delivery.
Name of Firm: (Authorized Signature)
Address: Title:
Name:
(Zip Code)
Area Code and Telephone Number: ______________________________________________
Date: _____________________________________________
NOTE: DO NOT SEND CERTIFICATES FOR INITIAL NOTES WITH THIS NOTICE OF GUARANTEED
DELIVERY. CERTIFICATES FOR INITIAL NOTES SHOULD BE SENT ONLY WITH YOUR
LETTER OF TRANSMITTAL.