Filed Pursuant to Rule 424(b)(3)
Registration No. 333-69572
PROSPECTUS SUPPLEMENT TO THE PROSPECTUS DATED OCTOBER 9, 2001
OF
MIRANT CORPORATION
RELATING TO
RESALES BY SELLING SECURITYHOLDERS
OF
2.5% CONVERTIBLE SENIOR DEBENTURES DUE 2021
The Prospectus dated October 9, 2001 ("the Prospectus") relating to resales by
selling securityholders of Mirant Corporation's 2.5% Convertible Senior
Debentures Due 2021 is hereby supplemented by amending the "Recent Developments"
section on page 7 thereof by inserting the following developments at the
conclusion of that section:
Notice of Termination Concerning Acquisition of EcoElectrica Holdings Ltd.: On
December 31, 2001, we gave notice to Enron Asset Holdings, LLC, Edison Mission
Energy and EME del Caribe that we were terminating the Stock Purchase Agreements
in connection with our previously announced proposed acquisition of EcoElectrica
Holdings Ltd.
Stock Issuance: On December 26, 2001, we completed the issuance and sale
underwritten by Credit Suisse First Boston Corporation of 60,000,000 shares of
our common stock, par value $0.01 per share. A portion of the net proceeds,
after underwriting discounts and commissions, of $759 million was used to repay
a portion of our short-term debt. We will use the remaining proceeds from this
offering for general corporate purposes.
The Prospectus is also hereby supplemented by amending the "Selling
Securityholders" section on page 36 thereof by inserting the following as new
selling securityholders:
Number of
Aggregate Shares of
Principal Amount Associated
of Debentures At Total Percentage Common Stock Total Percentage
Name of Selling Maturity of Debentures that of Common Stock
Securityholder that May be Sold Outstanding May be Sold (1) Outstanding (2)
-------------- ---------------- ----------- --------------- ---------------
JMG Convertible Investments, LP $25,000,000 3% 367,917 *
JMG Triton Offshore Fund Limited $25,000,000 3% 367,917 *
* Indicates ownership of less than 1%.
(1) Assumes conversion of all of the holder's debentures at a conversion rate of
14.7167 shares of common stock per $1,000 principal amount at maturity of the
debentures, rounded down to the nearest whole number of shares. However, this
conversion rate is subject to adjustment as described under "Description of
Debentures - Conversion Rights." As a result, the amount of common stock
issuable upon conversion of the debentures may increase or decrease in the
future.
(2) Calculated based on Rule 13d-3(d)(i) of the Exchange Act using 400,800,852
shares of common stock outstanding as of January 11, 2002. Pursuant to that
rule, in calculating this amount for each holder, we treated as outstanding the
number of shares of common stock issuable upon conversion of all of that
holder's debentures but did not assume conversion of any other holder's
debentures.
None of the selling securityholders have held any principal position, office or
had any other material relationship within the past three years with us or our
predecessors or affiliates.
Prospectus Supplement dated January 14, 2001
End of Filing