XO Communications, Inc. files $2.0 billion shelf registration

Feb. 5, 2001
XO Communications, Inc. announced that it has filed a shelf registration statement with the Securities and Exchange Commission.

XO Communications, Inc. (NASDAQ: XOXO) announced that it has filed a "universal" shelf registration statement with the Securities and Exchange Commission. The registration statement will allow XO to offer up to $2.0 billion in common and preferred stock, depository shares, and a variety of debt securities and warrants. Once the registration statement is declared effective by the Securities and Exchange Commission, XO may publicly offer securities at various times at prices and terms to be determined at the time of the offering.

XO currently intends to use the net proceeds from the future sale of any securities that it may offer under the shelf registration statement to expand its networks and services and related infrastructure and to fund operating losses, working capital and possible acquisitions. If and when XO offers any securities under the registration statement, XO will prepare and make available a supplement prospectus that includes the specific terms of the securities being offered.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any State.

About XO Communications:

XO Communications is a provider of broadband communications services offering local and long distance voice communication services, Digital Subscriber Line (DSL) access, Web hosting and e-commerce service, Virtual Private Networks (VPNs), dedicated access, global transit and application infrastructure services for delivering applications over the Internet or a VPN.