UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) October 10, 2003
Globix Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-14168 13-3781263
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
139 Centre Street, New York, New York 10013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 334-8500
(Former name or former address, if changed since last report)
Form 8-K, Current Report
Globix Corporation
Commission File No. 001-14168
Item 5. Other Events.
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Globix Corporation has reached an agreement to sell its property
located at 415 Greenwich Street in New York, New York to Heritage Partners for
$60 million in cash. The transaction is subject to various closing conditions,
including the receipt of the consent of the holders of a majority of the
company's 11% Senior Notes. The company expects to use the net proceeds to
purchase a portion of the 11% Senior Notes, to pay for the recapture of historic
tax credits and for working capital.
Following completion of the sale, the company expects to consolidate
its New York City-based operations in the company's headquarters at 139 Centre
Street.
Dated: October 10, 2003 Globix Corporation
By: /s/ Robert M. Dennerlein
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Robert M. Dennerlein
Chief Financial Officer