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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) August 18, 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 (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
Pursuant to Rule 135c(d) of the Securities Act of 1933, as amended,
attached as Exhibit 99.1 is the press release issued by IXC Communications,
Inc. dated August 18, 1997, which is hereby incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
99.1 Press release dated August 18, 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: August 18, 1997
IXC Communications, Inc.
By: /s/ James F. Guthrie
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James F. Guthrie
Executive Vice President and
Chief Financial Officer
3.
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
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<C> <S>
99.1 Press release dated August 18, 1997
</TABLE>
4.
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EXHIBIT 99.1
NEWS RELEASE
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IXC COMMUNICATIONS, INC.
PRICES $300 MILLION PREFERRED STOCK OFFERING
AUSTIN, TEXAS - AUGUST 18, 1997 - IXC Communications, Inc. (NASDAQ:IIXC)
announced that it has priced its Rule 144A offering of $300 million (300,000
shares for $1,000 per share) of 12 1/2% Junior Exchangeable Preferred Stock Due
2009 ("Exchangeable Preferred Stock"). Such stock is exchangeable at the option
of IXC for 12 1/2% Subordinated Exchange Debentures Due 2009 ("Exchange
Debentures"). Dividends are cumulative and are payable quarterly. At IXC's
option, dividends for the first three and one-half years may be paid either in
cash or through the issuance of additional shares of Exchangeable Preferred
Stock.
IXC expects to close the sale of the Exchangeable Preferred Stock on August 20,
1997 and to use the net proceeds of the offering to fund capital expenditures,
including network expansion and for general corporate purposes. The
Exchangeable Preferred Stock will not be registered under the Securities Act of
1933 and will not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements.
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INVESTOR CONTACT:
James F. Guthrie
Chief Financial Officer
IXC Communications, inc.
(512) 427-3737
[email protected]
