Exhibit 2.2
TERMS AGREEMENT
WorldCom, Inc.
000 Xxxxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxxxxx 00000
May 31, 2000
Dear Sirs:
We (the "Managers") understand that WorldCom, Inc., a Georgia
corporation (the "Company"), proposes to issue and sell to the underwriter named
below (the "Underwriters") $60,000,000 aggregate principal amount of its
Floating Rate Notes due 2002 (the "2002 Notes").
Subject to the terms and conditions set forth or incorporated by
reference herein, the Company hereby agrees to sell all of the offered
Securities, and the Underwriters agree to purchase the principal amount of
Offered Securities at a purchase price of 99.850% of the principal amount of
such securities, plus accrued interest, if any, from June 12, 2000 to the date
of payment and delivery.
The Underwriters will pay for such offered Securities upon delivery
thereof at the offices of Xxxxxxx Xxxxx Xxxxxx, Inc., 000 Xxxxxxxxx Xxxxxx, Xxx
Xxxx, Xxx Xxxx, at 10:00 a.m. (New York time) on June 12, 2000 or at such other
time, not later than 10:00 a.m. (New York time), on such date as shall be
jointly designated by the Underwriters and the Company.
The Offered Securities shall have the terms set forth in the Prospectus
dated May 12, 2000 (the "Prospectus"), and the Prospectus Supplement dated
May 31, 2000 (the "Prospectus Supplement"), including the following:
Maturity Date: 2002 Notes - June 11, 2002.
Interest Rate: 2002 Notes - 3-Month LIBOR plus 16 basis points.
Interest Payment Dates: For the 2002 Notes - March 11, June 11, September 11 and
December 11, commencing September 11, 2000.
Form and Denomination: The offered Notes initially will be represented by one or
more global securities deposited with the Depository Trust Company and
registered in the name of the nominee thereof. Each of the Notes will be
available for
purchases in denominations of $1,000 and integral multiples thereof, in
book-entry form only.
Senior or Subordinated: Senior
Other Terms: The Underwriters have represented and agreed that they have not and
will not offer, sell or deliver any of the Notes directly or indirectly, or
distribute this Prospectus Supplement or the Prospectus or any other offering
material relating to the Notes, in or from any jurisdiction except under
circumstances that will result in compliance with the applicable laws and
regulations thereof and that will not impose any obligations on the Company,
except as set forth herein.
All communications with the Underwriters will be in writing and
effective only upon receipt, and will be mailed, delivered or telegraphed and
confirmed to them in care of Xxxxxxx Xxxxx Barney Inc., General Counsel (fax
no.: (000) 000-0000), 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000.
All provisions of the Underwriting Agreement dated May 31, 2000, among
WorldCom and the Underwriters (the "Standard Provisions"), are herein
incorporated by reference in their entirety and shall be deemed to be a part of
this agreement to the same extent as if such provisions had been set forth in
full herein.
Please confirm your agreement by having an authorized officer sign a
copy of this agreement in the space set forth below and returning the signed
copy to us.
Very truly yours,
XXXXXXX XXXXX XXXXXX INC.
By /s/ Xxxxxx X. Xxxxxx
--------------------------------
Name: Xxxxxx X. Xxxxxx
Title: First Vice President
Accepted on the date set forth above:
WORLDCOM, INC,
By /s/ Xxxxx X. Xxxxxxxx
--------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Chief Financial Officer
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