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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) March 26, 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 March 26, 1997 which is hereby incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated March 26, 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: March 26, 1997
IXC Communications, Inc.
By: /s/ JOHN J. WILLINGHAM
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John J. Willingham
Senior Vice President,
Chief Financial Officer
and Assistant Secretary
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press release dated March 26, 1997
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EXHIBIT 99.1
NEWS RELEASE
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IXC COMMUNICATIONS, INC.
PRICES $100 MILLION CONVERTIBLE PREFERRED STOCK OFFERING
AUSTIN, TEXAS - MARCH 26, 1997 - IXC Communications, Inc. (NASDAQ:IIXC)
announced that it has priced its Rule 144A offering of $100 million (1,000,000
shares for $100 per share) of 7 1/4 Junior Convertible Preferred Stock Due 2007
("Convertible Preferred Stock"). Such stock is convertible at the option of
the holders at any time after 60 days from the issue date into shares of IXC's
common stock at a conversion price of $23.46 per share. Dividends are
cumulative and are payable quarterly. At IXC's option, dividends for the first
two years may be paid either in cash or through the issuance of additional
shares of Convertible Preferred Stock.
IXC expects to close the sale of the Convertible Preferred Stock on April 1,
1997 and to use the net proceeds of the offering to fund capital expenditures
and for general corporate purposes. The Convertible 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:
John Willingham
Chief Financial Officer
IXC Communications, Inc.
(512) 427-3737
[email protected]
