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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13E-4
ISSUER TENDER OFFER STATEMENT (PURSUANT TO SECTION 13(E)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934)
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(AMENDMENT NO. 3)
U S WEST, INC. (RENAMED "MEDIAONE GROUP, INC.")
U S WEST FINANCING I (RENAMED "MEDIAONE FINANCING A")
U S WEST FINANCING II (RENAMED "MEDIAONE FINANCING B")
(Name of Issuer)
U S WEST CAPITAL FUNDING, INC.
(Name of Person(s) Filing Statement)
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7.96% TRUST ORIGINATED PREFERRED SECURITIES 90338D204
(LIQUIDATION AMOUNT $25 PER SECURITY)
OF U S WEST FINANCING I
8 1/4% TRUST ORIGINATED PREFERRED SECURITIES 90338M204
(LIQUIDATION AMOUNT $25 PER SECURITY)
OF U S WEST FINANCING II
GUARANTEES BY U S WEST, INC. OF PREFERRED
SECURITIES
OF U S WEST FINANCING I
AND U S WEST FINANCING II
(Title of Class of Securities) (CUSIP Number of Class of Securities)
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STEPHEN E. BRILZ, ESQ.
MEDIAONE GROUP, INC.
188 INVERNESS DRIVE WEST
ENGLEWOOD, COLORADO 80112
(303) 858-3000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications of Behalf of Person(s) Filing Statement)
COPIES TO:
DENNIS J. BLOCK, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
MAY 8, 1998
(Date Tender Offer First Published, Sent or Given to Security Holders)
INSTRUCTION. When submitting this statement in paper format, ten copies of
this statement, including all exhibits, shall be filed with the Commission.
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INTRODUCTORY STATEMENT
This final amendment to the Schedule 13E-4, as amended, relates to the
expiration of (a) the offer by U S WEST Capital Funding, Inc. ("Capital
Funding") to holders of 7.96% Trust Originated Preferred Securities (the "Old
Series I Preferred Securities") of U S WEST Financing I to exchange their
securities for either (i) an equal amount of 9.30% Trust Originated Preferred
Securities of MediaOne Finance Trust I (the"New Series I Preferred Securities")
or (ii) $25.75 in cash per Old Series I Preferred Security and (b) the offer by
Capital Funding to holders of 8 1/4% Trust Originated Preferred Securities (the
"Old Series II Preferred Securities" and, together with the Old Series I
Preferred Securities, the "Preferred Securities") of U S WEST Financing II to
exchange their securities for either (i) an equal amount of 9 1/2% Trust
Originated Preferred Securities of MediaOne Finance Trust II (the "New Series II
Preferred Securities") or (ii) $26.30 in cash per Old Series II Preferred
Security. The Old Series I Preferred Securities and the Old Series II Preferred
Securities are guaranteed, to the extent the applicable trust has funds
available therefor, by U S WEST, Inc. ("Old U S WEST"). Each of the offers is
referred to herein individually as an "Offer" and collectively as the "Offers."
Each Offer is being made on the terms and subject to the conditions set forth in
an Offer to Exchange and Consent Solicitation, dated May 8, 1998, and the
related Letter of Transmittal and Consent.
ITEM 1. SECURITY AND ISSUER.
(a) On June 12, 1998, the Issuer of the Old Series I Preferred Securities
was renamed "MediaOne Financing A," the Issuer of the Old Series II Preferred
Securities was renamed "MediaOne Financing B" and the Issuer of the Guarantees
of the Old Preferred Securities was renamed "MediaOne Group, Inc." The address
of the principal executive office of MediaOne Financing A, MediaOne Financing B
and MediaOne Group, Inc. is 188 Inverness Drive West, Englewood, Colorado 80112.
(d) Capital Funding is filing this statement. The address of Capital
Funding is 1801 California Street, Denver, Colorado 80202. As a result of the
Separation (as defined below), Capital Funding is no longer a subsidiary of
MediaOne Group, Inc.
ITEM 8. ADDITIONAL INFORMATION.
(e) The Offers expired on June 9, 1998. Pursuant to the Offers, Capital
Funding repurchased (i) 12,028,982 of the 24,000,000 issued and outstanding Old
Series I Preferred Securities for cash and 10,658,108 of the 24,000,000 issued
and outstanding Old Series I Preferred Securities in exchange for New Series I
Preferred Securities and (ii) 9,494,093 of the 19,200,000 issued and outstanding
Old Series II Preferred Securities for cash and 8,520,289 of the Old Series II
Preferred Securities in exchange for New Series II Preferred Securities.
The Offers were made in connection with the June 12, 1998 Separation of Old
U S WEST into two independent companies (the "Separation"). In the Separation,
Old U S WEST distributed to its stockholders all of the capital stock of a
subsidiary ("New U S WEST") holding the businesses of the U S WEST
Communications Group and the domestic directories business of the U S WEST Media
Group known as "Dex". Following such distribution, Old U S WEST was renamed
"MediaOne Group, Inc." and continues to conduct the businesses of the U S WEST
Media Group other than Dex.
The Old Series I Preferred Securities that were not repurchased in the
Offers will remain outstanding as 7.96% Trust Originated Preferred Securities of
MediaOne Financing A (formerly U S WEST Financing I) with a new CUSIP number of
58460208 and the Old Series II Preferred Securities that were not repurchased in
the Offers will remain outstanding as 8 1/4% Trust Originated Preferred
Securities of MediaOne Financing B (formerly U S WEST Financing II) with a new
CUSIP number of 584461206. The Old Preferred Securities will continue to be
guaranteed by Old U S WEST (as "MediaOne Group, Inc.").
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
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U S WEST CAPITAL FUNDING, INC.
By: /s/ THOMAS O. MCGIMPSEY
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Name: Thomas O. McGimpsey
Title: ASSISTANT SECRETARY
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Dated: June 22, 1998
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