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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 17, 1998
IWL COMMUNICATIONS, INCORPORATED
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(Exact name of registrant as specified in its charter)
TEXAS 0-22293 76-0043882
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
12000 AEROSPACE AVENUE, SUITE 200
HOUSTON, TEXAS 77034
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (281) 482-0289
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
See Exhibit 20.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibit.
20.1 Press Release, dated July 17, 1998, regarding debt
placement.
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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 thereunto duly authorized.
IWL COMMUNICATIONS, INCORPORATED
July 23, 1998 By: /s/ Byron M. Allen
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Byron M. Allen
President
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EXHIBIT INDEX
Exhibit No. Description
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20.1 Press Release, dated July 17, 1998, regarding debt
placement.
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CAPROCK COMMUNICATIONS CORP. CLOSES $150 MILLION DEBT PLACEMENT
DALLAS, July 17 /PRNewswire/ -- CapRock Communications Corp. ("CapRock")
announced that on July 16, 1998 it completed a private placement pursuant to
Rule 144A under the Securities Act of 1933 of an aggregate of $150 million in
principal amount of its 12% Senior Notes due 2008 ("Notes").
Net proceeds of the offering, which are intended to be used primarily to
fund the construction of an expanded fiber network, have been initially placed
in an escrow account. Such proceeds will be released upon the consummation of
an anticipated merger of newly formed subsidiaries of CapRock into IWL
Communications, Incorporated (Nasdaq: IWLC) ("IWL") and CapRock
Telecommunications Corp., and the completion of an interest exchange with the
partners of CapRock Fiber Network, Ltd., which are all expected to occur by
August 31, 1998. Until the merger is completed, IWL is required to guarantee
the repayment of the Notes, which guaranty, based upon the amount of escrowed
proceeds, is expected to not exceed $7.0 million.
The securities in the private placement have not been registered under
the Securities Act of 1933 or any state securities laws and may not be offered
or sold in the United States of America absent registration or an applicable
exemption from such registration requirements.
SOURCE IWL COMMUNICATIONS, INCORPORATED
WEB SITE: http://www.iwlc.com
COMPANY NEWS ON CALL: http://www.prnewswire.com OR FAX, 800-758-5804, EXT.
122396
CONTACT: KEVIN W. MCALEER OF CAPROCK COMMUNICATIONS CORP., 972-788-4800; OR
KAREN L. BEUCHAW OF IWL COMMUNICATIONS, INCORPORATED, 281-482-0289, OR
[email protected].
