NEW YORK, Feb. 10, 2004 (PRIMEZONE) -- Globix Corporation (OTCBB:GBXX) today announced that it would accept tenders in integral amounts of $1.00, rather than the minimum integral amount of $1,000 stated in its Offer to Purchase. The $1.00 minimum integral amount was posted on the Depository Trust Company's Automated Tender Offer Program, also known as "ATOP".
The Globix Offer to Purchase up to $40,274,000 in principal amount of its 11% Senior Notes due 2008 (CUSIP numbers 37957FAE1 and 37957FAD3) in cash at par plus accrued interest will expire on February 25, 2004. As of the close of business on February 9, 2004, no tenders had been made. The Depositary for the Offer to Purchase is HSBC Bank USA.
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