-----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, AKwe9joroCmFBWkiI970K35CncVDWfMyPeslU8QsV8GpJUq+avmMzYQvQjYWBuPQ 4vYXKfc7Br/E3qsfCwxJjA== 0000891618-03-005662.txt : 20031104 0000891618-03-005662.hdr.sgml : 20031104 20031104145804 ACCESSION NUMBER: 0000891618-03-005662 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031031 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBALSTAR LP CENTRAL INDEX KEY: 0001037927 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 133759824 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-25461 FILM NUMBER: 03975929 BUSINESS ADDRESS: STREET 1: 3200 ZANKER ROAD STREET 2: PO BOX 640670 CITY: SAN JOSE STATE: CA ZIP: 95164 BUSINESS PHONE: 4089334000 8-K 1 f94201e8vk.htm FORM 8-K DATED 11/03/2002 Globalstar, L.P. Form 8-K Dated 11/03/2003
Table of Contents

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 31, 2003

GLOBALSTAR, L.P.

(Exact Name of Registrant as Specified in Charter)
         
Delaware   333-25461   13-3759024
 
 
(State or Other Jurisdiction
of Incorporation )		   (Commission File Number)   (I.R.S. Employer
Identification No.)
     
3200 Zanker Road, San Jose, California   95134
 
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: 408-933-4000

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Item 5. Other Events.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURE
EXHIBIT INDEX
EXHIBIT 99.1

Table of Contents

Item 5. Other Events.

     Globalstar, L.P. has filed a motion with the U.S. Bankruptcy Court in Delaware to allow Globalstar to sell the company’s assets and operations to a new investor in a private sale transaction. This confirms the private sale plan that Globalstar described last week as part of its announcement that ICO Global Communications (Holdings) Limited (ICO) might not complete its own plan to acquire Globalstar. For more information, see the press release attached as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)   Financial Statements of Businesses Acquired:

    Not Applicable.

(b)   Pro Forma Financial Information:

    Not Applicable.

(c)   Exhibits:

     
Exhibit No.   Exhibit Description
 
99.1   Press Release, dated November 3, 2003

 

Table of Contents

SIGNATURE

     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.

         
      GLOBALSTAR, L.P.
         
      By: /s/ Daniel P. McEntee
Name: Daniel P. McEntee
Title: Vice President and
Chief Financial Officer
         
Date: November 4, 2003        

 

Table of Contents

EXHIBIT INDEX

     
Exhibit No.   Exhibit Description
 
99.1   Press Release, dated November 3, 2003

  EX-99.1 3 f94201exv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 [GLOBALSTAR LOGO] - -------------------------------------------------------------------------------- 3200 Zanker Road San Jose, CA 95134 Tel: (408) 933-4000 NEWS For Immediate Release Contact: Mac Jeffery 212/338-5383 GLOBALSTAR FILES COMPANY SALE PROCESS WITH COURT; COMPANY SETS DEADLINE FOR NEW INVESTMENT OFFERS SAN JOSE, CA, November 3 - Globalstar, L.P. has filed a motion with the U.S. Bankruptcy Court in Delaware to allow Globalstar to sell the company's assets and operations to a new investor in a private sale transaction. This confirms the private sale plan that Globalstar described last week as part of its announcement that ICO Global Communications (Holdings) Limited (ICO) might not complete its own plan to acquire Globalstar. Globalstar will entertain offers from all interested parties received by NOVEMBER 10, 2003. A copy of the company's full court filing, which includes details on the sale procedures, may be found at http://www.globalstar.com/downloads/CourtFiling.pdf. A hearing with the U.S. Bankruptcy Court in Delaware to approve the sale transaction has been scheduled for NOVEMBER 20, 2003 During the course of the current sale process, Globalstar's day-to-day business operations are continuing as usual, and the company hopes to complete the sale of its assets and services to a new investor in the near future, followed by the completion of its Chapter 11 process. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements provide our expectations or forecasts of future events. Actual results could differ materially as a result of known or unknown risks and uncertainties and other factors, including our ability to secure sufficient funding under credit facilities or from other sources, to restructure our debt, the acceleration of existing debt facilities and the exercise of remedies with respect thereto, and other risks, uncertainties and factors disclosed in the most recent report on Form 10-K and reports on Form 10-Q and Forms 8-K of Globalstar Telecommunications Ltd. and Globalstar, L.P. filed with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement. -----END PRIVACY-ENHANCED MESSAGE-----