IXC COMMUNICATIONS INC
8-K, 1997-08-21
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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<PAGE>   1


                                 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 20, 1997
                                                 -------------------------------


                            IXC COMMUNICATIONS, INC.
                            ------------------------
             (Exact name of registrant as specified in its charter)


         DELAWARE                  0-20803                  74-2644120
     -----------------           -----------            -------------------
      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
             ------------------------------------------------------
             (Address of principal executive offices)   (Zip Code)


Registrant's telephone number, including area code (512) 328-1112
                                                   -----------------------------


                                 Not applicable
         --------------------------------------------------------------        
         (Former name or former address, if changed since last report.)



<PAGE>   2
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 20, 1997, which is hereby incorporated by reference herein.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (c)     Exhibits
        
        99.1    Press release dated August 20, 1997
<PAGE>   3
                                   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 21, 1997


                               IXC Communications, Inc.


                               By: /s/ JAMES F. GUTHRIE
                                   ----------------------------
                                   James F. Guthrie
                                   Executive Vice President and
                                   Chief Financial Officer

                                       3
<PAGE>   4
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>


Exhibit           
Number           Description
- --------         -----------
<S>              <C>       
99.1             Press release dated August 20, 1997

</TABLE>










            

<PAGE>   1
                                  EXHIBIT 99.1


                                                                   NEWS RELEASE
- --------------------------------------------------------------------------------

                            IXC COMMUNICATIONS, INC.
                     COMPLETES $300 MILLION PREFERRED STOCK


AUSTIN, TEXAS - AUGUST 20, 1997 - IXC Communications, Inc. (NASDAQ:IIXC)
announced today that it has completed the sale of $300 million 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. The net proceeds from the offering will be used to fund
capital expenditures and for general corporate purposes.

The Exchangeable Preferred Stock has not been registered under the Securities
Act of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.

                                      ###

INVESTOR CONTACT:

        James F. Guthrie
        Chief Financial Officer
        IXC Communications, Inc.
        (512) 427-3731
        [email protected]


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