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):
October 25, 2004
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
jurisdiction of File Number) Identification
incorporation) Number)
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
On July 15, 2003, Loral Space & Communications Ltd. and certain of its
subsidiaries filed voluntary petitions for reorganization under chapter 11 of
title 11 of the United States Code in the United States District Court for the
Southern District of New York and parallel insolvency proceedings in the Supreme
Court of Bermuda in which certain partners of KPMG were appointed as joint
provisional liquidators.
Item 7.01. Regulation FD Disclosure.
A copy of the disclosure statement referenced in Item 8.01 below may
be obtained from the Bankruptcy Court's website located at
http://www.nysb.uscourts.gov.
Item 8.01. Other Events.
On October 22, 2004, Loral Space & Communications Ltd. (the
"Company") and certain of its subsidiaries filed an amended plan of
reorganization (the "Plan") and the related disclosure statement with the U.S.
Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
The Plan, which revises the terms of a plan of reorganization previously filed
with the Bankruptcy Court on August 19, 2004, reflects a consensual agreement on
financial terms between the Company and the Official Committee of Unsecured
Creditors (the "Creditors' Committee") appointed in the Chapter 11 cases of the
Company and certain of its subsidiaries. It is subject to final documentation
and the resolution of certain other issues between the Company and the
Creditors' Committee.
The Bankruptcy Code does not permit solicitation of acceptances or
rejections of the Plan until the Bankruptcy Court has approved the disclosure
statement relating to the Plan. Accordingly, this announcement is not intended
to be, nor should it be construed as, a solicitation for a vote on the Plan. The
Plan is subject to the confirmation and approval of the Bankruptcy Court and may
be further amended by the Company, with the consent of the Creditors' Committee.
A copy of the revised Plan is attached hereto as Exhibit 2.1.
Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 2.1 First Amended Joint Plan of Reorganization
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/ Janet T. Yeung
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Name: Janet T. Yeung
Title: Vice President and
Assistant Secretary
Date: October 25, 2004
EXHIBIT INDEX
Exhibit Description
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Exhibit 2.1 First Amended Joint Plan of Reorganization