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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) December 16, 1997
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IXC Communications, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-20803 74-2644120
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
5000 Plaza on the Lake, Suite 200, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 328-1112
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Not applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1 is a press releases issued by IXC
Communications, Inc. dated December 16, 1997 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
99.1 Press Release dated December 16, 1997
2.
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SIGNATURE
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.
Date: December 16, 1997
IXC Communications, Inc.
By: /s/ STUART K. COPPENS
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Stuart K. Coppens
Vice President of Finance
and Chief Accounting Officer
3.
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EXHIBIT INDEX
Exhibit
Number Description
- ------- -----------
99.1 Press Release dated December 16, 1997
4.
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EXHIBIT 99.1
IXC COMMUNICATIONS, INC. COMMENCES EXCHANGE OFFER OF 12 1/2%
SERIES B JUNIOR EXCHANGEABLE PREFERRED STOCK DUE 2009 FOR 12 1/2% JUNIOR
EXCHANGEABLE PREFERRED STOCK DUE 2009
Austin, Texas, December 16, 1997 -- IXC Communications, Inc. announced today
that it has commenced an offer (the "Exchange Offer") to exchange shares of its
12 1/2% Series B Junior Exchangeable Preferred Stock Due 2009 ("New Preferred
Stock") for any and all of its shares of 12 1/2% Junior Exchangeable Preferred
Stock Due 2009 ("Old Preferred Stock"). The Company will exchange one share of
the New Preferred Stock for each outstanding share of the Old Preferred Stock.
The New Preferred Stock will be substantially identical in all material
respects (aggregate liquidation preference, dividend rate, mandatory redemption
and ranking) to the terms of the Old Preferred Stock, except that the shares of
New Preferred Stock will be registered under the Securities Act of 1933 and
will not bear legends restricting the transfer thereof. A registration
statement relating to these securities has been filed with the Securities and
Exchange Commission and has been declared effective. The Exchange Offer will
expire at 5:00 p.m., New York City time, on January 16, 1998, unless extended
by the Company. The Company has filed exchange offer documents with the
Securities and Exchange Commission and mailed the documents to stockholders
today. The offering is made by means of a prospectus only. Certain holders of
shares of Old Preferred Stock may not be eligible to participate in the
Exchange Offer. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sales of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Austin, Texas-based IXC Communications, Inc. is one of the United States'
largest suppliers of voice, data and multimedia transmission services. The
Company owns and operates one of the newest nationwide digital networks and
makes network capacity available to local telephone companies, national and
regional long-distance carriers, cable and utility companies, and Internet
Service Providers. IXC offerings include private line, broadband, and switched
and dedicated inbound and outbound calling products, and calling card and debit
card services. IXC is a publicly traded company listed on NASDAQ under the
symbol IIXC. IXC's web site is located at www.ixc-comm.net.
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Investor Contact: Media Contact:
James F. Guthrie Meri Braziel
Executive Vice President, Senior Vice President of Marketing
Chief Financial Officer (512) 433-3535
(512) 427-3713 mbraziel @ixc-comm.net
jguthrie @ixc-comm.net
