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
February 2, 2000
(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
THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, CLASSIC CABLE, INC., TO OFFER $175
MILLION IN SENIOR SUBORDINATED NOTES
On February 2, 2000, Classic Communications, Inc. (the "Company")
issued a press release announcing that its wholly-owned subsidiary, Classic
Cable, Inc., commenced a private offering to qualified institutional buyers
of $175 million in Senior Subordinated Notes due 2010. The terms of the
offering have not been finalized. The securities being offered in the
private offering will not be and have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
without registration or an applicable exemption from registration
requirements. Classic Cable, Inc. intends to use the proceeds of the
offering to fund a portion of the acquisition of Star Cable Associates,
currently expected to close before the end of February 2000, and to repay a
portion of indebtedness under its senior credit facility.
A copy of the press release is attached as Exhibit 99 to this Form 8-K.
Item 7. Exhibits
99. Press Release, dated February 2, 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: February 8, 2000 By: /s/ Mark Rowe
___________________________
Name: Mark Rowe
Title: Corporate Controller
EXHIBIT INDEX
Exhibit
Number Description
------- -----------
99. Press Release, dated February 2, 2000.
EXHIBIT 99.
CLASSIC CABLE, INC. TO OFFER $175 MILLION IN SENIOR SUBORDINATED NOTES
AUSTIN, Texas, Feb. 2 /PRNewswire/ -- Classic Communications, Inc.
(Nasdaq:CLSC), announced today that its wholly-owned subsidiary, Classic
Cable, Inc., has commenced a private offering to qualified institutional
buyers of $175 million in Senior Subordinated Notes due 2010. The terms of
the offering have not been finalized. The securities being offered in the
private offering will not be and have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
without registration or an applicable exemption from registration
requirements. Classic intends to use the proceeds of the offering to fund a
portion of the acquisition of Star Cable Associates (Star), currently
expected to close before the end of February 2000, and to repay a portion
of indebtedness under its senior credit facility.
Classic Communications, Inc., based in Austin, Texas, has approximately
414,000 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. The Company
has based these forward-looking statements on information currently
available and disclaim any intention or obligation to update or revise any
forward-looking statement.
SOURCE Classic Communications, Inc.
CONTACT: Bryan D. Noteboom of Classic Communications, Inc., 512-476-9095,
[email protected]; or Ryan Barr, [email protected] , or Ann
Travers, 212-986-6667, [email protected], both of Brainerd
Communicators, Inc., for Classic Communications, Inc.
