SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 1 TO
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) July 1, 1998
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GLOBIX CORPORATION
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(Exact name of registrant as specified in charter)
Delaware 1-14168 13-3781263
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(State or other juris- (Commission (IRS Employer
diction of Incorporation) File number) Identification No.)
295 Lafayette Street, 3rd Floor, New York, New York 10012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (212) 334-8500
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On July 1, 1998, Globix Corporation (the "Company") through BLP
Acquisition LLC, a New York limited liability company ("BLP"), purchased the
land and building located at 139 Centre Street, New York, New York, Borough of
Manhattan (the "Property") from Bank Leumi USA, a New York banking corporation
("Bank Leumi"). The Property includes a nine story building containing
approximately 160,000 square feet of floor space. The Property was previously
occupied in its entirety by Bank Leumi and housed Bank Leumi's operations and
money center. The Company intends to use the Property to house its New York
SuperPOP facility and operations. The Company anticipates occupying the
Property beginning September 1998.
The total acquisition cost, including the cost of purchasing the rights to
acquire the Property, of $17,000,000 was paid for with proceeds from the
Company's $160,000,000 13% Senior Subordinated Notes offering that was concluded
on April 30, 1998. In the event the Company sells the Property, the Company has
agreed to pay additional consideration, under certain circumstances, to a former
holder of rights to purchase the Property.
The Company has also entered into a Purchase Agreement dated as of June 2,
1998 with Hanover Equities Corp., a Delaware corporation ("Hanover"), the
minority member of BLP, setting forth the terms and conditions pursuant to which
Hanover can require the Company to purchase all of Hanover's right, title and
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interest in BLP and pursuant to which the Company can require Hanover to sell
all of its right, title and interest in BLP to the Company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
10.1* Purchase Agreement between Hanover Equities Corp. and the
Company dated as of June 2, 1998.
10.2* Purchase Agreement between Young Woo and the Company dated as
of June 2, 1998.
* Certain portions of exhibit have been omitted based upon a
request for confidential treatment. Omitted portions have been
filed with the Commission.
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.
GLOBIX CORPORATION
By /s/ Marc H. Bell
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Marc H. Bell, President
and Chief Executive Officer
Dated: September 16, 1998
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EXHIBIT INDEX
Exhibit
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10.1* Purchase Agreement between Hanover Equities Corp.
and the Company dated as of June 2, 1998.
10.2* Purchase Agreement between Young Woo and
the Company dated as of June 2, 1998.
* Certain portions of exhibit have been omitted based upon a
request for confidential treatment. Omitted portions have been
filed with the Commission.
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