<PAGE>
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): February 2, 1998
OPTEL, INC.
-----------
(Exact name of registrant as specified in its charter)
Delaware 95-4495524
- --------------------------------- ----------
(State or other jurisdiction (I.R.S. Employer Identification
of incorporation or organization) Number)
333-24881
---------
(Commission File Number)
1111 West Mockingbird Lane, Suite 1000, Dallas, Texas 75247
-----------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 634-3800
<PAGE>
ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS
---------------------------------
On February 2, 1998, the Registrant issued the press releases attached
hereto as Exhibit "A" announcing the execution of a Senior Secured Credit
Facility.
ITEM 7. EXHIBITS
--------
Press Release, dated February 2, 1998.
<PAGE>
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: February 6, 1998
OpTel, Inc.
-----------
(Registrant)
By: /s/ Bertrand Blanchette
--------------------------------------
Name: Bertrand Blanchette
Title: Chief Financial Officer
<PAGE>
EXHIBIT INDEX
-------------
Exhibit
No. Description Page No.
- ------- ----------- --------
20 Press Release, dated February 2, 1998
<PAGE>
EXHIBIT 20
[LOGO OF OPTEL APPEARS HERE]
OPTEL, INC CONCLUDES $150 MILLION SENIOR CREDIT FACILITY
DALLAS, February 2, 1998 - OpTel, Inc. ("OpTel") today announced that it had
recently concluded a $150 million senior secured credit facility (the "Senior
Facility") with a syndicate of financial institutions. The Senior Facility was
arranged by Goldman Sachs Credit Partners L.P. in conjunction with General
Electric Capital Corporation (as documentation agent) and CIBC Oppenheimer (as
administrative agent). The Senior Facility consists of a $125 million term loan
and a $25 million revolving credit commitment and bears interest at LIBOR plus
3.5%.
Louis Brunel, President and Chief Executive Officer, said:
"I am very pleased to report that we have successfully executed a senior credit
facility that will provide us with adequate capital to fund our planned
expansion for around the next two years. The conclusion of the facility marks
the culmination of a very successful year of fund-raising for OpTel in which we
successfully secured $375 million of new capital. Over the last year we have
consolidated our position as the leading private cable operator in the country
and I would like to thank the financial community for their tremendous support
in helping us to achieve this. We now have the flexibility we need to continue
to expand."
OpTel is the largest provider of private cable television services to residents
of MDU developments in the United States and is expanding the telecommunications
services it offers to MDU residents. The Company provides cable television
services and (in certain markets) telecommunications services, to MDU residents
principally under long term contracts with owners of MDUs in eleven major cities
(Houston, Dallas - Fort Worth, San Diego, Phoenix, Chicago, Denver, San
Francisco, Los Angeles, Miami - Ft. Lauderdale, Tampa and Austin). OpTel is
majority owned by Le Groupe Videotron Ltee ("GVL"), owners of the second
largest cable television operator in Canada.
###
For further information, please contact:
Richard Alden
Treasurer
214-879-8257
