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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) December 20, 1995
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United Cities Gas Company
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(Exact name of registrant as specified in its charter)
Illinois & Virginia 0-12841 36-1801540
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
5300 Maryland Way, Brentwood, Tennessee 37027
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (615) 373-5310
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ITEM 5. OTHER EVENTS
Pursuant to Instruction F to Form 8-K, the information contained in
the press release filed as Exhibit 20.1 hereto is hereby incorporated by
reference in answer to Item 5 of this Form 8-K.
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SIGNATURES
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.
UNITED CITIES GAS COMPANY
Date: December 20, 1995 By /s/ James B. Ford
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James B. Ford
Senior Vice President and Treasurer
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EXHIBIT INDEX
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EXHIBIT SEQUENTIALLY
NUMBER DESCRIPTION OF EXHIBIT NUMBERED PAGE
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20.1 Press release dated December 20, 1995, relating to the issuance of $22 million
in Medium-Term Notes and placement of $5 Million Term Loan
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EXHIBIT 20.1
NEWS RELEASE
FOR RELEASE: CONTACT:
Immediately Linda A. Kelley
615-373-0104
Ext. 224
UNITED CITIES GAS COMPANY ISSUES $22 MILLION IN MEDIUM-TERM NOTES
AND PLACES $5 MILLION TERM LOAN
BRENTWOOD, TENN. -- December 20, 1995 -- United Cities Gas Co.,
(NASDAQ: UCIT), a multistate distributor of natural and propane gas, announced
today the completion of two separate financings.
The company has issued an aggregate of $22 million in medium-term
notes at rates ranging from 6.2% to 6.67% with varying maturity dates. Agents
participating in the placement of the notes were Smith Barney Inc., PaineWebber
Incorporated, and A.G. Edwards & Sons, Inc.
"This is United Cities' first venture into the public debt market under
our $200 million shelf registration," said James B. Ford, United Cities' senior
vice president and treasurer. "As a result of the shelf registration, we were
able to access the debt market in a timely manner and take advantage of very
favorable rates," said Ford. "Net proceeds from the issuance and sale of the
securities will be used to repay a portion of the company's short-term debt."
Copies of the relevant prospectus may be obtained by contacting:
Mark R. Meyer
Smith Barney Inc.
(212) 723-5123
Arnold Gibbs
PaineWebber Incorporated
(514) 754-7110
John Meiners
A.G. Edwards & Sons, Inc.
(314) 289-5800
Ford also announced that one of the company's subsidiaries, United
Cities Propane Gas of Tennessee, Inc., placed a $5 million term loan through
NationsBank of Tennessee, representing the first long-term financing completed
for the company's nonutility subsidiary. The subsidiary will use the funds from
this placement to refinance short-term debt and other general corporate
purposes.
United Cities Gas Company distributes natural and propane gas to
approximately 325,000 customers in 10 states. The company is also engaged in
other energy-related businesses.
[LOGO UNITED CITIES GAS COMPANY] UNITED CITIES GAS COMPANY
5300 Maryland Way
Brentwood, Tennessee 37027
615-373-0104
