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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of
Earliest event reported): June 12, 1998
OPTEL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 90-4495524
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(State or other jurisdiction (I.R.S. Employer Identification
of incorporation or organization) number)
333-24891
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(Commission File Number)
1111 West Mockingbird Lane, Suite 1000, Dallas, Texas 75247
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 634-3000
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ITEM 5: OTHER MATERIALLY IMPORTANT EVENTS
On June 12, 1998, the Registrant issued the press release attached hereto
as Exhibit "A" announcing that it intends to issue $200 million gross proceeds
of its Senior Notes due 2008.
ITEM 7. EXHIBITS
Press Release, dated June 12, 1998.
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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 thereunto duly authorized.
Date: June 12, 1998
OpTel, Inc.
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(Registrant)
By:/s/ MICHAEL E. KATZENSTEIN
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Name: Michael E. Katzenstein
Title: Vice President, Legal Affairs,
General Counsel and
Secretary
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EXHIBIT INDEX
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Exhibit
No. Description Page No.
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99 Press Release dated June 12, 1998
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OPTEL, INC. ANNOUNCES $200 MILLION OFFERING OF SENIOR NOTES
Dallas, Texas - June 12, 1998 - Optel, Inc. ("Optel") today announced that it
intends to offer $200 million gross proceeds of its Senior Notes due 2008.
The proceeds of the Notes will be used to refinance the Company's Senior Credit
Facility and for capital expenditures related to the purchase and installation
of communications equipment and for general corporate purposes, including
working capital related to its expansion into new markets.
The Senior Notes will not be registered under the Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption therefrom.
