4/A//SEC Filing
STT CROSSING LTD 4/A
Accession 0001209191-04-059838
CIK 0001061322other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 10:33 AM ET
Size
16.9 KB
Accession
0001209191-04-059838
Insider Transaction Report
Form 4/AAmended
STT CROSSING LTD
10% Owner
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
SINGAPORE TECHNOLOGIES PTE LTD
10% Owner
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
TEMASEK HOLDINGS (PRIVATE) LTD
10% Owner
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
STT COMMUNICATIONS LTD
10% Owner
Transactions
- Purchase
4.7% SENIOR SECURED MANDATORY CONVERTIBLE NOTES
2004-12-23$250000000.00/sh+250,000,000$62,500,000,000,000,000Exercise: $18.60From: 2004-12-23Exp: 2004-12-31→ Common Shares (13,440,860 underlying)
Footnotes (5)
- [F1]On December 23, 2004, STT Crossing Ltd ("STT Crossing") and STT Hungary Liquidity Management Limited Liability Company ("STT Hungary") acquired $250,000,000 of the Issuer's new 4.7% Senior Secured Mandatory Convertible Notes due 2008 (the "GCL Notes"). STT Hungary, an indirect subsidiary of Singapore Technologies Telemedia Pte Ltd ("STT"), acquired $125,000,000 of the GCL Notes 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 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.
- [F2]Upon consummation of the transactions contemplated in footnote (1) above, the GCL Notes issued to STT Crossing and STT Hungary are initially convertible at an exercise price of $18.60 into 13,440,860 Common Shares of the Issuer (or approximately 16,200,000 Common Shares of the Issuer 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.
- [F3]Temasek Holdings (Private) Limited ("Temasek") is the parent of Singapore Technologies Pte Ltd ("STPL"), which is the parent of STT, which is the indirect parent of STT Hungary and the direct parent of STT Communications Ltd., which is the parent of STT Crossing (the designated filer). Because of the foregoing relationships, the direct and indirect parents of STT Crossing and STT Hungary may be deemed to indirectly own the reported securities directly owned by STT Hungary and STT Crossing. Temasek disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
- [F4]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. Accordingly, STPL will cease to be a reporting person with effect from December 31, 2004.
- [F5]This is the face amount of the debt securities expressed in U.S. dollars.
Documents
Issuer
GLOBAL CROSSING LTD
CIK 0001061322
Entity typeother
IncorporatedMauritius
Related Parties
1- filerCIK 0001271837
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 10:33 AM ET
- Size
- 16.9 KB