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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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):
May 11, 1999
TIME WARNER TELECOM INC.
(Exact name of registrant as specified in its charter)
Delaware 333-49439 34-1452416
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5700 S. Quebec Street, Greenwood Village, CO 80111
(Address of principal executive offices) (zip code)
(303) 566-1000
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
Time Warner Telecom Inc. ("Time Warner Telecom") issued a press
release on May 11, 1999, announcing that it had priced its initial public
offering of 18,000,000 shares of Class A Common Stock at a price of $14 per
share. The shares commenced trading on May 12, 1999 on Nasdaq under the
symbol TWTC. The offering is being managed by Morgan Stanley Dean Witter,
Lehman Brothers and Bear Stearns & Co., Inc. The proceeds from the offering
by the company will be used primarily to repay approximately $178 million
of indebtedness owed to its existing stockholders. The company will use the
remaining proceeds for general corporate purposes.
In conjunction with the initial public offering, Time Warner
Telecom LLC reconstituted itself as Time Warner Telecom, Inc.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(i) Exhibit 99: Press release dated May 11, 1999.
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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, in the City of New York,
State of New York, on May 14, 1999.
TIME WARNER TELECOM INC.
By: /s/ Jill Stuart
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Name: Jill Stuart
Title: Vice President,
Accounting and Finance
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EXHIBIT INDEX
Sequential
Exhibit No. Description of Exhibit Page Number
99 Press release dated May 11, 1999
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Exhibit 99
Time Warner Telecom
FOR RELEASE: MAY 11, 1999
For More Information Contact:
Mark A. Peters
Tel: 303 566-1545
email: [email protected]
TIME WARNER TELECOM PRICES INITIAL PUBLIC OFFERING AT $14
GREENWOOD VILLAGE, CO - (May 11, 1999) - Time Warner Telecom, Inc.,
today announced that it has priced its initial public offering of
18,000,000 shares of Class A Common Stock at a price of $14 per share. The
shares will commence trading tomorrow on Nasdaq under the symbol TWTC.
The offering is being managed by Morgan Stanley Dean Witter, Lehman
Brothers and Bear Stearns & Co., Inc.
The proceeds from the offering by the company will be used primarily
to repay approximately $178 million of indebtedness owed its existing
stockholders. The company will use the remaining proceeds for general
corporate purposes.
In conjunction with the initial public offering, Time Warner Telecom,
LLC reconstituted itself as Time Warner Telecom, Inc.
Time Warner Telecom is a leading fiber facilities-based competitive
local exchange carrier ("CLEC") offering a wide range of business telephony
and data services and high speed Internet access primarily to medium and
large business customers in 19 U.S. cities, including Austin, Houston and
San Antonio, Texas; Charlotte, Greensboro and Raleigh, North Carolina;
Albany, Binghamton, New York City and Rochester, New York; Cincinnati and
Columbus, Ohio; Memphis, Tennessee; Orlando and Tampa, Florida;
Indianapolis, Indiana; Milwaukee, Wisconsin; San Diego, California; and
Honolulu, Hawaii. Time Warner Telecom plans to enter Jersey City and Dallas
later this year. The company is based in Greenwood Village, CO.
A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction. The offering of these securities will be made
only by means of a prospectus, copies of which may be obtained from Morgan
Stanley Dean Witter, 1585 Broadway, New York, NY 10036.
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