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):
August 27, 2002
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LORAL SPACE & COMMUNICATIONS LTD.
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(Exact name of registrant as specified in its charter)
Islands of Bermuda 1-14180 13-3867424
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(State or other (Commission (IRS Employer Number)
jurisdiction of File Number) Identification
incorporation)
c/o Loral SpaceCom Corporation
600 Third Avenue, New York, New York 10016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 697-1105
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Item 5. Other Events.
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On August 27, 2002, Loral Space & Communications Ltd. ("Loral"),
announced that it had commenced an exchange offer for all of its outstanding
shares of 6% Series C Convertible Redeemable Preferred Stock due 2006 and 6%
Series D Convertible Redeemable Preferred Stock due 2007. Under the terms of
the exchange offer, each share of Series C Preferred Stock and each share of
Series D Preferred Stock may be exchanged by its holder for $1.92 in cash and 4
shares of Loral's common stock, par value $.01 per share. The exchange will
expire at 12:00 a.m. (midnight), New York City time, on Wednesday, September
25, 2002, unless extended. For a full discussion of the terms and conditions of
the exchange offer, please read the offer to exchange, the transmittal letter
and the other exchange offer documents included in the Tender Offer Statement
on Schedule TO filed herewith as exhibit 99.1
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
Exhibit 99.1 Tender Offer Statement on Schedule TO, filed with the
Securities and Exchange Commission on August 27, 2002,
relating to the 6% Series C Convertible Redeemable Preferred
Stock due 2006 and the 6% Series D Convertible Redeemable
Preferred Stock due 2007.
SIGNATURES
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.
LORAL SPACE & COMMUNICATIONS LTD.
By: /s/ Avi Katz
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Name: Avi Katz
Title: Vice President and Secretary
Date: August 27, 2002