SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
December 17, 1999
(Date of earliest event reported)
CLASSIC COMMUNICATIONS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-15427 74-2630019
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
515 Congress Avenue, Suite 2626, Austin, TX 78701 (Address of
Principal Offices, including zip code)
(512) 476-9095
(Registrant's telephone number, including area code)
Item 5. Other Events
REDEMPTION OF SENIOR DISCOUNT NOTES
On January 7, 2000, the Company issued a press release
announcing that notice of redemption was issued on December 17, 1999 for
any and all of its outstanding 13 1/4% Senior Discount Notes due 2009, in
whole, on January 17, 2000 at a Redemption Price of 113.25% of the Accreted
Value of each note redeemed, plus any accrued and unpaid interest thereon
to the Redemption Date, or $723.92 for each Note, in accordance with the
optional redemption provisions contained in Section 5 of the Notes and
Article III of the Notes' indenture, dated as of July 28, 1998, between the
Company and Bank One, N.A., as trustee. The Company will use proceeds from
its recent initial public offering of common stock to redeem the Notes. A
copy of the press release is attached as Exhibit 99. to this Form 8-K.
Item 7. Exhibits
99. Press Release, dated January 7, 2000.
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 hereunto duly authorized.
CLASSIC COMMUNICATIONS, INC.
Dated: January 12, 2000 By: /s/ Mark Rowe
------------------------
Name: Mark Rowe
Title: Corporate Controller
EXHIBIT INDEX
Exhibit
Number Description
99. Press Release, dated January 7, 2000.
EXHIBIT 99.
CLASSIC COMMUNICATIONS, INC. TO REDEEM 13 1/4% SENIOR
DISCOUNT NOTES
AUSTIN, TX, JANUARY 7, 2000 - Classic Communications, Inc. (Nasdaq: CLSC),
announced today that notice of redemption was issued December 17, 1999, for
any and all of its outstanding 13 1/4% Senior Discount Notes due 2009, in
whole, on January 17, 2000 at a Redemption Price of 113.25% of the Accreted
Value of each Note redeemed, plus any accrued and unpaid interest thereon
to the Redemption Date, or $723.92 for each Note, in accordance with the
optional redemption provisions contained in Section 5 of the Notes and
Article III of the Notes' indenture, date as of July 28, 1998, between the
Company and Bank One, N.A., as trustee. Interest shall cease to accrue on
the Notes on and after the Redemption Date and the only remaining right of
a holder of any Note is to receive payment of the Redemption Price upon
surrender of such Note to the Paying Agent. The Company will use proceeds
from its recent initial public offering of common stock to redeem the
Notes. Upon presentation and surrender of the Notes, payment of the
Redemption Price thereof will be made on or after the Redemption Date. Any
and all outstanding Notes must be surrendered to Paying Agent to collect
the Redemption Price.
Classic Communications, Inc., based in Austin, Texas, has approximately
416,000 subscribers, proforma for the Star acquisition, in non-metropolitan
markets in Texas, Kansas, Oklahoma, Nebraska, Missouri, Arkansas,
Louisiana, Colorado, and New Mexico. Classic trades on the NASDAQ under the
trading symbol "CLSC."
This release contains statements that constitute forward-looking statements
within the meaning of section 27A of the Securities Act of 1933 and Section
21 of the Securities Exchange Act of 1934 and are subject to the safe
harbor provisions of those sections and the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risk
uncertainties including those described in our filings with the SEC, and
that the actual results or developments may differ materially from those in
the forward-looking statements as a result of various factors. We have
based these forward-looking statements on information currently available
and disclaim any intention or obligation to update or revise any
forward-looking statement.
CONTACTS:
Classic Communications, Inc. Brainerd Communicators, Inc.
Bryan D. Noteboom Ryan Barr/Ann Travers
Phone: 512-476-9095 Phone: 212-986-6667
[email protected] [email protected]/[email protected]
