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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 21, 1998
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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.)
1122 Capital of Texas Highway South, 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 release issued by IXC
Communications, Inc. dated August 21, 1998 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated August 21, 1998
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 21, 1998
IXC Communications, Inc.
By: /s/ JEFFREY C. SMITH
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Jeffrey C. Smith
Senior Vice President,
General Counsel and Secretary
3.
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
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<C> <S>
99.1 Press release dated August 21, 1998
</TABLE>
4.
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EXHIBIT 99.1
IXC Communications, Inc. Announces the Successful Completion
of Its Exchange Offer for Its 9% Senior Subordinated Notes Due 2008
Business Editors/Technology Writers
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 21, 1998--IXC Communications, Inc.
(NASDAQ::IIXC) announced today that it had completed its previously announced
offer (the "Exchange Offer") to exchange its 9% Senior Subordinated Notes Due
2008 (the "Exchange Notes"), which have been registered under the Securities
Act of 1933, as amended (the "Securities Act"), pursuant to, and subject to the
conditions set forth in, a Prospectus dated June 25, 1998 (the "Prospectus"),
and related Letter of Transmittal, for its previously outstanding 9% Senior
Subordinated Notes Due 2008 (the "Initial Notes"), which had not been
registered under the Securities Act.
The Exchange Offer expired at 5:00 p.m., New York City time on Aug. 10,
1998 (the "Expiration Date").
Under the Exchange Offer, holders of the Initial Notes received $1,000
principal amount of Exchange Notes for each $1,000 principal amount of Initial
Notes tendered and not withdrawn. The Exchange Notes evidence the same debt as
the Initial Notes (which they have replaced) and have been issued under, and
are entitled to the benefits of, the Indenture dated as of April 21, 1998
between the Company and IBJ Schroder Bank & Trust Company, as Trustee, which
governs both the Initial Notes and the Exchange Notes.
Pursuant to the Exchange Offer, 100% of the $450 million aggregate
principal amount of the Initial Notes originally outstanding had been tendered
prior to the Expiration Date.
IXC Communications, Inc. is one of the largest and fastest growing
suppliers of network-based delivery solutions designed to address the speed and
capacity requirements of the global telecommunications market. Having recently
completed the first new coast-to-coast fiber optic network in a decade, IXC is
at the forefront of the industry's new class of emerging carriers.
IXC's offerings include private line, broadband, Internet and long
distance switched and dedicated services. IXC is a publicly traded company
listed on Nasdaq under the symbol IIXC. IXC's Web site is located at
www.ixc-comm.com.
CONTACT: IXC Communications, Inc.
Melissa Jackson (Media), 512/231-5247
[email protected]
or
Greta Wiechman (Investor), 888/267-9478
[email protected]
