6/30/03
XO Announces Preliminary Results of Tender Offer for Global Crossing Senior Secured Loans
Reston, VA - XO Communications, Inc. announced that the preliminary results of its offer for Senior Secured Loans of Global Crossing, which terminated on June 27, 2003, indicate that approximately $495 million principal amount of such Loans were tendered to XO. With the tendered amount, XO will own approximately $790 million principal amount of the approximately $2.214 billion of such Loans outstanding.
About XO Communications
XO Communications is a leading broadband communications service provider offering a complete set of communications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, Web Hosting and Integrated voice and data services. XO has assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO currently offers facilities-based broadband communications services in more than 60 markets throughout the United States.
For more information contact:
Dawnyielle Downes/ XO Communications
Media and Industry Analysts
703-547-2682 or 703-675-3450
XO Communications Investor Relations Department
Financial Analysts
877-444-2068
