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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) October 3, 1997
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IXC Communications, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-20803 74-2644120
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
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 the press release issued by IXC
Communications, Inc. dated October 3, 1997 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated October 3, 1997
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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: October 3, 1997
IXC Communications, Inc.
By: /s/ JAMES F. GUTHRIE
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James F. Guthrie
Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press release dated October 3, 1997
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EXHIBIT 99.1
NEWS RELEASE
IXC COMMUNICATIONS, INC. ANNOUNCES COMMENCEMENT OF COMMON STOCK
EXCHANGE OFFER FOR SERIES 3 PREFERRED STOCK
Austin, Texas, October 3, 1997 -- IXC Communications, Inc. (NASDAQ: IIXC)
announced today that it has commenced an offer to exchange shares of its Common
Stock for all outstanding shares of its 10% Junior Series 3 Cumulative
Redeemable Preferred Stock ("Series 3 Preferred Stock"). The number of shares
of Common Stock to be exchanged for each share of tendered Series 3 Preferred
Stock will be the ratio between the aggregate per share liquidation preference
of, and the accrued and unpaid dividends on, one share of Series 3 Preferred
Stock as of the expiration date of the exchange offer and the last reported
sale price of the Company's Common Stock on the Nasdaq National Market on the
expiration date of the exchange offer (scheduled, subject to extensions, for
October 31, 1997). The aggregate liquidation preference and accrued and unpaid
dividends on the Series 3 Preferred Stock at October 31, 1997, will be
approximately $20.6 million ($1,645 per share for the 12,550 shares
outstanding). The Company has filed exchange offer documents with the
Securities and Exchange Commission and mailed the documents to stockholders
today. The Company is not obligated to complete the exchange offer if less than
90% of the outstanding shares of Series 3 Preferred Stock is tendered.
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:
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James F. Guthrie Meri Braziel
Executive Vice President Senior Vice President of Marketing
IXC Communications, Inc. IXC Communications, Inc.
(512) 427-3731 (512) 433-3535
jguthrie @ ixc-comm.net mbraziel @ ixc-comm.net
