As filed with the Securities and Exchange Commission on April 18, 2005
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UNITED STATES
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): April 14, 2005
METROMEDIA INTERNATIONAL GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5706 58-0971455
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8000 Tower Point Drive, Charlotte, NC 28227
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 321-7380
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(Former name or former address, if changed since last report)
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Item 8.01. Other Events
On April 14, 2005, Metromedia International Group, Inc. (the "Company")
announced that the Company had received notification from the trustee of its 10
1/2 % Senior Notes Due 2007 ("Senior Notes") concerning non-compliance with
certain covenants in the indenture (the "Indenture") governing the Senior Notes.
The trustee reported that it had not received the following documents from the
Company:
o The Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2004 (the "Current Annual Report");
o An Officers' Certificate executed by the Company's Chief Executive
Officer and Chief Financial Officer containing management's
representations that the Company has complied with the covenants of
the Indenture; and
o A certificate executed by the Company's independent public accountants
representing that nothing has come to their attention that leads them
to believe that the Company failed to comply with the covenants of the
Indenture.
Under the terms of the Indenture, the Company must resolve these compliance
matters no later than June 3, 2005 in order to avoid an event of default. If
such an event of default were to occur, the trustee or holders of at least 25%
of the aggregate principal amount of the Senior Notes outstanding could declare
all Senior Notes to be due and payable immediately, and should that happen, the
Company would not have sufficient corporate cash to meet this obligation.
The press release announcing this matter is attached as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press Release of Metromedia International Group, Inc., dated April 14,
2005.
SIGNATURE
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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.
METROMEDIA INTERNATIONAL GROUP, INC.
By: /s/ HAROLD F. PYLE, III
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Name: Harold F. Pyle, III
Title: Executive Vice President Finance,
Chief Financial Officer and Treasurer
Date: April 18, 2005
Charlotte, NC