-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R4uafdMOf1/Qd0i0QL+pjsdLdGh9G+C2rNEjy4Qk+Eg53Rv2azyXjjyu9tRdcGx4 6Fvk76dVs85OdCIZpaMA3g== 0001145549-04-001830.txt : 20041230 0001145549-04-001830.hdr.sgml : 20041230 20041230163512 ACCESSION NUMBER: 0001145549-04-001830 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20041230 DATE AS OF CHANGE: 20041230 GROUP MEMBERS: SINGAPORE TECHNOLOGIES PTE LTD GROUP MEMBERS: STT COMMUNICATIONS LTD GROUP MEMBERS: STT CROSSING LTD GROUP MEMBERS: STT HUNGARY LIQUIDITY MANAGEMENT LIMITED LIABILITY COMPANY GROUP MEMBERS: TEMASEK HOLDINGS (PRIVATE) LIMITED FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD CENTRAL INDEX KEY: 0001219573 IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 51 CUPPAGE RD #09-01 STREET 2: STARHUB CENTRE CITY: SINGAPORE STATE: U0 ZIP: 229469 BUSINESS PHONE: 011658361128 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL CROSSING LTD CENTRAL INDEX KEY: 0001061322 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 980189783 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55643 FILM NUMBER: 041234414 BUSINESS ADDRESS: STREET 1: WESSEX HOUSE 45 REID ST STREET 2: HAMILTON HM12 CITY: BERMUDA STATE: D0 ZIP: HM12 BUSINESS PHONE: 4412968600 MAIL ADDRESS: STREET 1: WESSEX HOUSE 45 REID STREET STREET 2: HAMILTON HM12 CITY: BERMUDA SC 13D/A 1 u92445sc13dza.txt SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 6) Global Crossing Limited - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) G3921A175 - -------------------------------------------------------------------------------- (CUSIP Number) Pek Siok Lan c/o Singapore Technologies Telemedia Pte Ltd 51 Cuppage Road #10-11/17 StarHub Centre Singapore 229469 Telephone: (65) 6723 8668 Facsimile: (65) 6720 7277 Copy to Michael W. Sturrock, Esq. Latham & Watkins LLP 80 Raffles Place #14-20 Singapore 048624 Telephone: (65) 6536 1161 Facsimile: (65) 6536 1171 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 23, 2004 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP NO. G3921A175 PAGE 2 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TEMASEK HOLDINGS (PRIVATE) LIMITED - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF; SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 38,040,860(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 38,040,860(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,040,860(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.20% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Comprises 6,600,000 common shares, par value $.01 per share, 18,000,000 common shares issuable upon conversion of preferred shares, par value $.10 per share, and 13,440,860 common shares issuable upon conversion of $250,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008. SCHEDULE 13D CUSIP NO. G3921A175 PAGE 3 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SINGAPORE TECHNOLOGIES PTE LTD - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC; SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 38,040,860(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 38,040,860(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,040,860(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.20% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Comprises 6,600,000 common shares, par value $.01 per share, 18,000,000 common shares issuable upon conversion of preferred shares, par value $.10 per share, and 13,440,860 common shares issuable upon conversion of $250,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008. SCHEDULE 13D CUSIP NO. G3921A175 PAGE 4 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF; SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 38,040,860(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 38,040,860(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,040,860(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.20% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Comprises 6,600,000 common shares, par value $.01 per share, 18,000,000 common shares issuable upon conversion of preferred shares, par value $.10 per share, and 13,440,860 common shares issuable upon conversion of $250,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008. SCHEDULE 13D CUSIP NO. G3921A175 PAGE 5 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) STT COMMUNICATIONS LTD. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF; SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 31,320,430(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 31,320,430(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,320,430(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.00% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Comprises 6,600,000 common shares, par value $.01 per share, 18,000,000 common shares issuable upon conversion of preferred shares, par value $.10 per share, and 6,720,430 common shares issuable upon conversion of $125,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held by STT Crossing Ltd. SCHEDULE 13D CUSIP NO. G3921A175 PAGE 6 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) STT CROSSING LTD - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF; SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION MAURITIUS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 31,320,430(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 31,320,430(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,320,430(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 67.00% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Comprises 6,600,000 common shares, par value $.01 per share, 18,000,000 common shares issuable upon conversion of preferred shares, par value $.10 per share, and 6,720,430 common shares issuable upon conversion of $125,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held by STT Crossing Ltd. SCHEDULE 13D CUSIP NO. G3921A175 PAGE 7 OF 21 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) STT HUNGARY LIQUIDITY MANAGEMENT LIMITED LIABILITY COMPANY - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS SC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION HUNGARY - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 6,720,430(1) OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 6,720,430(1) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,720,430(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.40% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (1) Represents the number of the Issuer's common shares issuable upon conversion of $125,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held by STT Hungary Liquidity Management Limited Liability Company. Page 8 of 21 Pages This Amendment No. 6 amends the Schedule 13D previously filed by Singapore Technologies Telemedia Pte Ltd ("STT") with the Securities and Exchange Commission ("SEC") on December 19, 2003, as amended by Amendment No. 1 to the Schedule 13D filed by STT with the SEC on January 12, 2004, Amendment No. 2 to the Schedule 13D filed by STT with the SEC on May 26, 2004, Amendment No. 3 to the Schedule 13D filed by STT with the SEC on October 14, 2004, Amendment No. 4 to the Schedule 13D filed by STT with the SEC on November 18, 2004 and Amendment No. 5 to the Schedule 13D filed by STT with the SEC on December 21, 2004 (as amended, the "Statement"), with respect to the common shares, par value $.01 per share (the "Common Shares"), of Global Crossing Limited, a company organized under the laws of Bermuda (the "Issuer"), with its principal executive offices located at Wessex House, 45 Reid Street, Hamilton HM12, Bermuda. Capitalized terms used but not defined herein have the meanings given to them in the Statement. ITEM 2. IDENTITY AND BACKGROUND The following Reporting Person is added to Item 2 of the Statement: STT Hungary Liquidity Management Limited Liability Company ("STT Hungary") 9700 Szombathely Varkonyi u.15 Hungary (A Hungarian limited liability company) Principal business of STT Hungary: Liquidity Management In addition, Item 2 of the Statement is amended to include the following new paragraph: In connection with an internal restructuring to be completed on December 31, 2004, the shares of STT presently owned by Singapore Technologies Pte Ltd ("STPL") will be transferred to Temasek Holdings (Private) Limited ("Temasek") with effect from December 31, 2004. Item 2 and Schedule A of the Statement are hereby amended to delete all references to STPL with effect from December 31, 2004. Accordingly, STPL will cease to be a Reporting Person with effect from December 31, 2004. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The acquisition of the $250,000,000 of the Issuer's notes described in this Statement was effected other than by purchase, as detailed in Item 4 below. No cash was paid by the reporting parties for such acquisition. ITEM 4. PURPOSE OF THE TRANSACTION Item 4 of the Statement is amended to include the following new paragraph: Pursuant to an Indenture dated December 23, 2004 (the "Indenture") by and among the Issuer, certain of its subsidiaries and Wells Fargo Bank, National Association, as Trustee, the Issuer issued $250,000,000 of 4.7% Senior Secured Mandatory Convertible Notes Due 2008 (the "GCL Notes"). STT Hungary, an indirect subsidiary of STT, acquired $125,000,000 of the GCL Notes Page 9 of 21 Pages and received $75,000,000 in cash, in exchange for which it transferred the $200,000,000 of 11% Senior Secured Notes Due 2006 of Global Crossing North American Holdings, Inc. held by it. Concurrently therewith, STT Crossing Ltd ("STT Crossing") acquired $125,000,000 of the GCL Notes in exchange for its retiring an existing $125,000,000 Bridge Loan Facility that it had extended to the Issuer's primary operating subsidiary in the United Kingdom, Global Crossing (UK) Telecommunications Limited ("GCUK"). Upon consummation of this transaction, the GCL Notes issued to STT Hungary and STT Crossing are, in the aggregate, initially convertible into 13,440,860 Common Shares (or approximately 16,200,000 Common Shares upon maturity of the GCL Notes, taking into account accrued interest payable through the issuance of additional notes), subject to certain adjustments as set forth in the Indenture governing the GCL Notes. Pursuant to a Security Arrangement Agreement dated as of December 23, 2004 (the "Security Arrangement Agreement"), by and among GCUK and certain of its subsidiaries, STT Communications Ltd. ("STT Comm"), STT Crossing, STT Hungary, The Bank of New York as trustee and collateral agent, and the Hedging Counterparties named therein, the GCL Notes are secured by a lien on substantially all the assets of the Issuer and its material subsidiaries, other than the assets of GCUK and its subsidiaries. This lien will be second in priority to liens in favor of any permitted working capital or receivables facilities if and when any such facilities come into existence. In addition, the Issuer has granted customary registration rights to each of STT Crossing and STT Hungary in respect of the GCL Notes and the shares issuable upon conversion of the GCL Notes under a registration rights agreement (the "Registration Rights Agreement") and an amendment to an existing registration rights agreement (the "Amendment to Registration Rights Agreement"), each entered into on December 23, 2004. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is amended and restated in its entirety to read as follows: (a) - (b) Temasek, through its ownership of STPL, may be deemed to share voting and dispositive power over the Common Shares beneficially owned by STPL, STT, STT Comm, STT Crossing and STT Hungary. However, pursuant to Rule 13d-4 under the Exchange Act, Temasek expressly disclaims beneficial ownership of such Common Shares. STPL, through its ownership of STT, is deemed for purposes of Rule 13d-3 under the Exchange Act to be the beneficial owner of 38,040,860 Common Shares (which comprises 6,600,000 Common Shares, 18,000,000 Common Shares that may be acquired upon conversion of the Preferred Shares and 13,440,860 Common Shares that may be acquired upon conversion of the $250,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held in equal parts by STT Crossing and STT Hungary), or 71.2% of the outstanding Common Shares, and to have shared power over the voting and disposition of such Common Shares. STT, through its ownership of STT Comm, STT Crossing and STT Hungary, is deemed for purposes of Rule 13d-3 under the Exchange Act to be the beneficial owner of 38,040,860 Common Shares (which comprises 6,600,000 Common Shares, 18,000,000 Common Shares that may be acquired upon conversion of the Preferred Shares and 13,440,860 Common Shares that may be acquired upon conversion of the $250,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held in equal parts by STT Crossing and STT Hungary), or 71.2% of the outstanding Common Shares, and to have shared power over the voting and disposition of such Common Shares. STT Comm, through its ownership of STT Crossing, is deemed for purposes of Rule 13d-3 under the Exchange Act to be the beneficial owner of 31,320,430 Common Shares (which comprises 6,600,000 Common Shares, 18,000,000 Common Shares that may be acquired upon conversion of the Preferred Shares and 6,720,430 Common Shares that may be acquired upon conversion of the $125,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 held by STT Crossing), or 67.0% of the outstanding Common Shares, and to have shared power over the voting and disposition of such Common Shares. STT Crossing is the beneficial owner of 31,320,430 Common Shares (which comprises 6,600,000 Common Shares, 18,000,000 Common Shares that may be acquired upon conversion of the Preferred Shares and 6,720,430 Common Shares that may be acquired upon conversion of the $125,000,000 of the Issuer's 4.7% Senior Secured Mandatory Convertible Notes due 2008 Page 10 of 21 Pages held by STT Crossing), or 67.0% of the outstanding Common Shares, and has shared power over the voting and disposition of such Common Shares. STT Hungary is the beneficial owner of 6,720,430 Common Shares, or 23.40% of the outstanding Common Shares, and has shared power of the voting and disposition of such Common Shares. (c) Except as described in Items 4 and 5 hereof, there have been no transactions by the Reporting Persons in securities of the Issuer during the past sixty days. To the knowledge of the Reporting Persons, there have been no transactions by any director or executive officer (as set forth in Schedule A) of any of the Reporting Persons in securities of the Issuer during the past sixty days. (d) Not applicable. (e) In connection with an internal restructuring to be completed on December 31, 2004, the shares of STT presently owned by STPL will be transferred to Temasek with effect from December 31, 2004. Item 5 of the Statement is hereby amended to delete all references to STPL with effect from December 31, 2004. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The description of the Indenture, the Security Arrangement Agreement, the Amendment to Registration Rights Agreement and the Registration Rights Agreement are qualified in their entirety by reference to the Indenture, the Security Arrangement Agreement, the Amendment to Registration Rights Agreement and the Registration Rights Agreement, copies of which appear as exhibits to this Statement. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Indenture, dated as of December 23, 2004, by and among the Issuer, those subsidiaries of the Issuer parties thereto, including those subsidiaries guaranteeing the notes, and Wells Fargo Bank, National Association, as trustee and agent for the holders of the notes (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 2. Security Arrangement Agreement, dated as of December 23, 2004, by and among STT Communications Ltd., STT Crossing Ltd., STT Hungary Liquidity Management Limited Liability Company, The Bank of New York, as trustee and collateral agent, Global Crossing (UK) Telecommunications Limited, certain of its subsidiaries as obligors and the Hedging Counterparties named therein (incorporated by reference to Exhibit 4.4 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 3. Amendment No. 1 to Registration Rights Agreement, dated as of December 23, 2004, by and among Global Crossing Limited, STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 4. Registration Rights Agreement, dated as of December 23, 2004, by and among Global Crossing Limited, STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 5. Joint Filing Agreement, dated as of December 30, 2004, by and among Temasek Holdings (Private) Limited, Singapore Technologies Pte Ltd, Singapore Technologies Telemedia Pte Ltd, STT Communications Ltd., STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company. Page 11 of 21 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 30, 2004 TEMASEK HOLDINGS (PRIVATE) LIMITED By /s/ Jeffrey Chua ---------------------------------------- Name: Jeffrey Chua Title: Director (Legal/Secretariat) SINGAPORE TECHNOLOGIES PTE LTD By /s/ Chua Su Li ---------------------------------------- Name: Chua Su Li Title: Company Secretary SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD By /s/ Pek Siok Lan ---------------------------------------- Name: Pek Siok Lan Title: Company Secretary STT COMMUNICATIONS LTD. By /s/ Pek Siok Lan ---------------------------------------- Name: Pek Siok Lan Title: Company Secretary Page 12 of 21 Pages STT CROSSING LTD By /s/ Pek Siok Lan ---------------------------------------- Name: Pek Siok Lan Title: Director STT HUNGARY LIQUIDITY MANAGEMENT LIMITED LIABILITY COMPANY By /s/ Jean F.H.P. Mandeville ---------------------------------------- Name: Jean F.H.P. Mandeville Title: Managing Director By /s/ Nandor Olasz ---------------------------------------- Name: Nandor Olasz Title: Managing Director Page 13 of 21 Pages EXHIBIT INDEX 1. Indenture, dated as of December 23, 2004, by and among the Issuer, those subsidiaries of the Issuer parties thereto, including those subsidiaries guaranteeing the notes, and Wells Fargo Bank, National Association, as trustee and agent for the holders of the notes (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 2. Security Arrangement Agreement, dated as of December 23, 2004, by and among STT Communications Ltd., STT Crossing Ltd., STT Hungary Liquidity Management Limited Liability Company, The Bank of New York, as trustee and collateral agent, Global Crossing (UK) Telecommunications Limited, certain of its subsidiaries as obligors and the Hedging Counterparties named therein (incorporated by reference to Exhibit 4.4 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 3. Amendment No. 1 to Registration Rights Agreement, dated as of December 23, 2004, by and among Global Crossing Limited, STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 4. Registration Rights Agreement, dated as of December 23, 2004, by and among Global Crossing Limited, STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on December 30, 2004). 5. Joint Filing Agreement, dated as of December 30, 2004, by and among Temasek Holdings (Private) Limited, Singapore Technologies Pte Ltd, Singapore Technologies Telemedia Pte Ltd, STT Communications Ltd., STT Crossing Ltd and STT Hungary Liquidity Management Limited Liability Company. Page 14 of 21 Pages SCHEDULE A The name, present principal occupation and business address of each director and executive officer of the Reporting Persons is set forth below. The following is a list of the executive officers and directors of Temasek Holdings (Private) Limited ("Temasek"):
Name, Business Address and Positions at Temasek Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- S Dhanabalan Chairman, Singaporean 60B Orchard Road DBS Group Holdings Ltd #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Chairman of Temasek) Kwa Chong Seng Chairman/Managing Director, Singaporean 1 HarbourFront Place ExxonMobil Asia Pacific Pte Ltd #06-00 HarbourFront Tower One Singapore 098633 (Deputy Chairman of Temasek) Lim Siong Guan Permanent Secretary, Singaporean 100 High Street #10-01 Ministry of Finance Singapore 179434 (Deputy Chairman of Temasek) Sim Kee Boon Advisor, Singaporean 60B Orchard Road Temasek Advisory Panel #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Director of Temasek) Fock Siew Wah Deputy Chairman, Singaporean 6 Shenton Way Fraser & Neave Ltd DBS Building Tower One 46th Floor Singapore 068809 (Director of Temasek) Koh Boon Hwee Chairman, Singaporean 1 Kim Seng Promenade Singapore Airlines Ltd #10-06 Great World City East Tower Singapore 237994 (Director of Temasek) Kua Hong Pak Director/Managing Director/ Singaporean 205 Braddell Road Group CEO, West Wing 5th Floor ComfortDelgro Corporation Limited Singapore 579701 (Director of Temasek)
Page 15 of 21 Pages
Name, Business Address and Positions at Temasek Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Ho Ching Executive Director & CEO, Singaporean 60B Orchard Road Temasek #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Executive Director of Temasek) Ng Kok Song Managing Director (Public Markets), Singaporean 168 Robinson Road Government of Singapore Investment #37-01 Capital Tower Corporation Private Limited Singapore 068912 (Director of Temasek) Gan Chee Yen Managing Director, Finance, Singaporean 60B Orchard Road Temasek #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Managing Director, Finance of Temasek)
The following is a list of the executive officers and directors of Singapore Technologies Pte Ltd ("STPL"):
Name, Business Address and Positions at STPL Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Teo Ming Kian Chairman, Singaporean Economic Development Board Economic Development Board 250 North Bridge Road #25-00 of Singapore Raffles City Tower Singapore 179101 (Chairman of STPL) Ho Ching Executive Director & CEO, Singaporean Temasek Holdings (Private) Limited Temasek 60B Orchard Road #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Deputy Chairman of STPL) Gan Chee Yen Managing Director, Finance, Singaporean Temasek Holdings (Private) Limited Temasek 608 Orchard Road #06-18 Tower 2 The Atrium@Orchard Singapore 238891 (Alt Director to Ms Ho Ching)
Page 16 of 21 Pages
Name, Business Address and Positions at STPL Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Peter Seah Lim Huat President & CEO, Singaporean Singapore Technologies Pte Ltd STPL 51 Cuppage Road #09-01 StarHub Centre Singapore 229469 (Director, President & CEO of STPL) Tay Siew Choon Dy Chairman, Singaporean Singapore Technologies Pte Ltd Green Dot Capital Pte Ltd 51 Cuppage Road #09-01 StarHub Centre Singapore 229469 (Director, Corporate Adviser of STPL) Davinder Singh s/o Amar Singh Managing Partner, Singaporean Drew & Napier Drew & Napier 20 Raffles Place #17-00 Ocean Towers Singapore 048620 (Director of STPL) Wong Kok Siew Deputy Chairman & CEO, Singaporean SembCorp Industries Ltd. SembCorp Industries Ltd. 30 Hill Street #05-04 Singapore 179360 (Director of STPL) Goh Geok Ling Director Singaporean Tuas Power Ltd 111 Somerset Road #12-02 Singapore 238164 (Director of STPL) Ng Boon Yew Group Chief Financial Officer, Singaporean 51 Cuppage Road #09-01 STPL StarHub Centre Singapore 229469 (Group Chief Financial Officer of STPL)
The following is a list of the executive officers and directors of Singapore Technologies Telemedia Pte Ltd ("STT"):
Name, Business Address and Positions at SST Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Tan Guong Ching Permanent Secretary, Singaporean New Phoenix Park Ministry of Home Affairs 28 Irrawaddy Road Singapore 329560 (Chairman and Director, STT)
Page 17 of 21 Pages
Name, Business Address and Positions at STT Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Peter Seah Lim Huat Member, Singaporean 51 Cuppage Road #09-01 Temasek Advisory Panel StarHub Centre Singapore 229469 (Deputy Chairman & Director of STT) Lee Theng Kiat President and CEO, Singaporean 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Director, President & CEO, STT) Sum Soon Lim Corporate Adviser Singaporean 51 Cuppage Road #10-11/17 StarHub Centre Singapore 229469 (Director of STT) Bertie Cheng Shao Shiong Company Director Singaporean 51 Cuppage Road #10-11/17 StarHub Centre Singapore 229469 (Director of STT) Lim Ming Seong Corporate Adviser Singaporean No. 2 Ubi View Singapore 408556 (Director of STT) Tay Siew Choon Dy Chairman, Singaporean 51 Cuppage Road #09-01 Green Dot Capital Pte Ltd StarHub Centre Singapore 229469 (Director of STT) Sio Tat Hiang Executive Vice President, Singaporean 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Executive Vice President of STT Comm) Pek Siok Lan Senior Vice President, Legal Singaporean 51 Cuppage Road #10-11/17 & General Counsel, StarHub Centre STT & STT Comm Singapore 229469 (Company Secretary of STT)
Page 18 of 21 Pages
Name, Business Address and Positions at STT Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Jean F.H.P. Mandeville Chief Financial Officer, Belgian 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Chief Financial Officer of STT) Anupam Garg Senior Vice-President, Indian 51 Cuppage Road #10-11/17 International Business Development, StarHub Centre STT & STT Comm Singapore 229469 (Senior Vice-President, International Business Development, STT) Kek Soon Eng Senior Vice-President, Singaporean 51 Cuppage Road #10-11/17 Management of Investee Companies, StarHub Centre STT & STT Comm Singapore 229469 (Senior Vice-President, Management of Investee Companies, STT) Andrew Loh Senior Vice-President, Singaporean 51 Cuppage Road #10-11/17 International Operations, StarHub Centre STT and STT Comm Singapore 229469 (Senior Vice-President, International Operations, STT)
The following is a list of the executive officers and directors of STT Communications Ltd. ("STT Comm"):
Name, Business Address and Positions at STT Comm Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Tan Guong Ching Permanent Secretary, Singaporean New Phoenix Park Ministry of Home Affairs 28 Irrawaddy Road Singapore 329560 (Chairman & Director of STT Comm) Peter Seah Lim Huat Member, Singaporean 51 Cuppage Road #09-01 Temasek Advisory Panel StarHub Centre Singapore 229469 (Deputy Chairman & Director of STT Comm) Lee Theng Kiat President and CEO, Singaporean 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Director, President & CEO of STT Comm)
Page 19 of 21 Pages
Name, Business Address and Positions at STT Comm Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Sum Soon Lim Corporate Adviser Singaporean 51 Cuppage Road #10-11/17 StarHub Centre Singapore 229469 (Director of STT Comm) Bertie Cheng Shao Shiong Company Director Singaporean 51 Cuppage Road #10-11/17 StarHub Centre Singapore 229469 (Director of STT Comm) Lim Ming Seong Corporate Adviser Singaporean No. 2 Ubi View Singapore 408556 (Director of STT Comm) Tay Siew Choon Dy Chairman, Singaporean 51 Cuppage Road #09-01 Green Dot Capital Pte Ltd StarHub Centre Singapore 229469 (Director of STT Comm) Pek Siok Lan Senior Vice President, Legal Singaporean 51 Cuppage Road #10-11/17 & General Counsel, StarHub Centre STT & STT Comm Singapore 229469 (Company Secretary of STT Comm) Sio Tat Hiang Executive Vice President, Singaporean 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Executive Vice President of STT Comm) Jean F.H.P. Mandeville Chief Financial Officer, Belgian 51 Cuppage Road #10-11/17 STT & STT Comm StarHub Centre Singapore 229469 (Chief Financial Officer of STT Comm) Anupam Garg Senior Vice-President, Indian 51 Cuppage Road #10-11/17 International Business Development, StarHub Centre STT & STT Comm Singapore 229469 (Senior Vice-President, International Business Development of STT Comm)
Page 20 of 21 Pages
Name, Business Address and Positions at STT Comm Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Kek Soon Eng Senior Vice-President, Singaporean 51 Cuppage Road #10-11/17 Management of Investee Companies, StarHub Centre STT & STT Comm Singapore 229469 (Senior Vice-President, Management of Investee Companies of STT Comm) Andrew Loh Senior Vice-President, Singaporean 51 Cuppage Road #10-11/17 International Operations, StarHub Centre STT and STT Comm Singapore 229469 (Senior Vice-President, International Operations, STT)
The following is a list of the executive officers and directors of STT Crossing Ltd ("STT Crossing"):
Name, Business Address and Positions at STT Crossing Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Uday Kumar Gujadhur Chartered Accountant Mauritian 10 Frere Felix de Valois Street Port Louis Mauritius (Director of STT Crossing) Yuvraj Kumar Juwaheer Chartered Secretary Mauritian 10 Frere Felix de Valois Street Port Louis Mauritius (Director of STT Crossing) Lee Theng Kiat President & CEO, Singaporean 51 Cuppage Road #10-11/17 STT and STT Comm StarHub Centre Singapore 229469 (Director of STT Crossing) Jean F.H.P. Mandeville Chief Financial Officer, Belgian 51 Cuppage Road #10-11/17 STT and STT Comm StarHub Centre Singapore 229469 (Director of STT Crossing) Pek Siok Lan Senior Vice President, Legal Singaporean 51 Cuppage Road #10-11/17 & General Counsel, StarHub Centre STT and STT Comm Singapore 229469 (Director of STT Crossing)
Page 21 of 21 Pages The following is a list of the executive officers and directors of STT Hungary Liquidity Management Limited Liability Company ("STT Hungary"):
Name, Business Address and Positions at STT Crossing Present Principal Occupation Citizenship - ------------------------------------ ---------------------------- -------------- Jean F.H.P. Mandeville Chief Financial Officer, Belgian 51 Cuppage Road #10-11/17 STT and STT Comm StarHub Centre Singapore 229469 (Managing Director of STT Hungary) Nandor Olasz Branch Manager, Hungarian 9700 Szombathely Varkonyi u.15 K&H Bank Ltd. Hungary (Managing Director of STT Hungary) Csilla Sarosi Head of Contract Management/ Hungarian 9700 Szombathely Varkonyi u.15 Natural Gas Foreign Trade, Hungary MOL Hungarian Oil and Gas Co. Ltd (Managing Director of STT Hungary)
EX-5 2 u92445exv5.txt EX-5 JOINT FILING AGREEMENT, DATED AS OF DEC 30, 2004 EXHIBIT 5 JOINT FILING AGREEMENT The undersigned acknowledge and agree that the foregoing Statement on Schedule 13D with respect to the beneficial ownership by each of the undersigned of shares of Global Crossing Limited is filed jointly on behalf of each of the undersigned and that all subsequent amendments to the Statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. This joint filing agreement may be included as an exhibit to such joint filing. Each of the undersigned acknowledges that each shall be responsible for the timely filing of such amendments with respect to information concerning such undersigned reporting person, and for the completeness and accuracy of the information concerning such undersigned reporting person, contained therein, but shall not be responsible for the completeness and accuracy concerning the others, except to the extent that such reporting person knows or has reason to believe that such information is inaccurate. This agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument. Date: December 30, 2004 TEMASEK HOLDINGS (PRIVATE) LIMITED By /s/ Jeffrey Chua ----------------------------------------- Name: Jeffrey Chua Title: Director (Legal/Secretariat) SINGAPORE TECHNOLOGIES PTE LTD By /s/ Chua Su Li ----------------------------------------- Name: Chua Su Li Title: Company Secretary SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD By /s/ Pek Siok Lan ----------------------------------------- Name: Pek Siok Lan Title: Company Secretary STT COMMUNICATIONS LTD. By /s/ Pek Siok Lan ----------------------------------------- Name: Pek Siok Lan Title: Company Secretary STT CROSSING LTD By /s/ Pek Siok Lan ----------------------------------------- Name: Pek Siok Lan Title: Director STT HUNGARY LIQUIDITY MANAGEMENT LIMITED LIABILITY COMPANY By /s/ Jean F.H.P. Mandeville ----------------------------------------- Name: Jean F.H.P. Mandeville Title: Managing Director By /s/ Nandor Olasz ----------------------------------------- Name: Nandor Olasz Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----