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) July 29, 1999
TV FILME, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-28670 98-0160214
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
c/o ITSA-Intercontinental Telecomunicacoes Ltda.
SCS, Quadra 07-Bl.A
Ed. Executive Tower, Sala 601
70.300-911 Brasilia-DF
Brazil
(Address of Principal Executive Offices, Including Zip Code)
Registrant's telephone number, including area code: 011-55-61-314-9908
Exhibit List Appears on Page 4
Page 1 of 4 Pages
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Item 5. Other Events.
On July 26, 1999, TV Filme, Inc. (the "Company") announced that it is
in negotiations with a committee representing holders of the Company's
outstanding 12 7/8% senior notes due 2004 regarding a possible restructuring of
its indebtedness. The Company has entered into a forbearance agreement with
members of the committee, resulting from the Company's decision not to pay the
interest due on the notes. The forbearance agreement is currently scheduled to
expire on July 30, 1999. There can be no assurances that the Company will be
successful in negotiating such a restructuring or an extension of the
forbearance agreement.
A copy of the Company's press release, dated July 26, 1999, is
attached hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
The following exhibit is filed with this Report.
Exhibit No. Description
99 Press Release of the Company, dated July 26, 1999.
<PAGE>
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.
TV FILME, INC.
Date: July 29, 1999 By: /s/ Carlos Andre Studart Lins de Albuquerque
--------------------------------------------
Name: Carlos Andre Studart Lins de Albuquerque
Title: Chief Operating Officer
<PAGE>
EXHIBIT LIST
Exhibit No. Description
99 Press Release of the Company, dated July 26, 1999.
CONTACTS: HERMANO ALBUQUERQUE
Chief Executive Officer
Phone: 011-55-61-314-9904
E-mail: [email protected]
MORGEN-WALKE ASSOCIATES
Andrea Kaimowitz/Katherine Mittelbusher
Press: Brian Maddox
Phone: (212) 850-5600
E-mail: [email protected]
FOR IMMEDIATE RELEASE
TV FILME, INC. IN NEGOTIATIONS WITH NOTEHOLDERS
REGARDING POSSIBLE RESTRUCTURING
BRASILIA, BRAZIL (July 26, 1999) - TV Filme, Inc. (Nasdaq: "PYTV") TV
Filme, Inc. today announced that it is in negotiations with a committee
representing holders of the Company's outstanding 12 7/8% senior notes due 2004
regarding a possible restructuring of its indebtedness. The Company has entered
into a forbearance agreement with members of the committee, resulting from the
Company's decision not to pay the interest due on the notes. The forbearance
agreement is currently scheduled to expire on July 30, 1999. There can be no
assurances that the Company will be successful in negotiating such a
restructuring or an extension of the forbearance agreement.
TV Filme, Inc. develops, owns and operates pay television systems in
mid-sized markets in Brazil and is the sole provider of multi-point,
multi-channel distribution systems ("MMDS") in the cities of Brasilia, Goiania
and Belem.
The matters discussed in this release include forward-looking
statements that involve risks and uncertainties, including the risks detailed
from time to time in TV Filme Inc.'s reports filed with the Securities and
Exchange Commission. TV Filme, Inc. undertakes no duty to update such
forward-looking statements.
