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) February 1, 2002
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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.)
139 Centre Street, New York, New York 10013
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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 5. Other Events.
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On February 1, 2002, Globix Corporation (the "Company") did not make its
scheduled interest payment on its 12-1/2% senior notes due 2010 (the "Senior
Notes"). The Company does not intend to make the interest payment within the 30-
day grace period thereafter. However, as the Company previously announced in a
press release on January 14, 2002, it had reached agreement on a financial
restructuring of its equity and debt and entered into lock-up agreements with
certain holders owning more than 51% of its outstanding $600,000,000 issuance of
Senior Notes, and holders of its Series A 7-1/2% Convertible Preferred Stock.
The Company also announced that it had commenced soliciting acceptances of its
proposed financial restructuring from the other holders of the Senior Notes. The
financial restructuring will be finalized through a voluntary prepackaged
bankruptcy proceeding under Chapter 11 of the U.S. Bankruptcy Code, which is
expected to be filed in the month of February, 2002, prior to the expiration of
the grace period. More detailed information is set forth in the Company's
Current Report on Form 8-K filed on January 14, 2002.
Certain statements in this current report contain forward-looking
statements relating to the Company's or management's intentions, beliefs,
expectations or predictions for the future. Such forward-looking statements are
subject to a number of risks, assumptions and uncertainties that could cause the
Company's actual results to differ materially from those projected in the
forward-looking statements. These risks, assumptions and uncertainties include
the ability to develop, pursue, confirm and consummate a plan of reorganization
and to achieve its expected benefits. The Company undertakes no obligation to
update or revise any forward-looking statements for events or circumstance after
the date on which such statement is made. New factors emerge from time to time,
and it is not possible for the Company to predict all such factors. Further, the
Company cannot assess the impact of each such factor on its business or the
extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statements.
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/ Peter L. Herzig
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Peter L. Herzig
Chief Executive Officer
Dated: February 1, 2002