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) January 14, 1998
OLYMPUS COMMUNICATIONS, L.P.
(Exact name of registrant as specified in its charter)
Delaware 333-19327 25-1622615
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
OLYMPUS CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 333-19327 23-2868925
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
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Main at Water Street - Coudersport, PA 16915-1141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (814) 274-9830
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Item 2. Acquisition or Disposition of Assets
Olympus has completed the acquisition of all of the partnership interests of
National Cable Acquisition Associates, L.P. ("National") from Hilton Head
Communications, L.P., an entity controlled by the family of John Rigas, for a
purchase price of approximately $118,000,000. National provides cable service to
approximately 57,000 subscribers in Palm Beach County, Florida and also owns
limited partnership interests in Tele-Media Investment Partnership, L.P.
Clearance with respect to the acquisition under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 was received on January 14, 1998. The acquisition was
accounted for under the purchase method of accounting and National was
consolidated with Olympus for financial accounting purposes effective as of
October 1, 1997. The purchase price was paid through the assumption of
liabilities.
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SIGNATURES
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: January 27, 1998 OLYMPUS COMMUNICATIONS, L.P.
BY: ACP HOLDINGS, INC.
Managing General Partner
By: /s/Timothy J. Rigas
Timothy J. Rigas
Executive Vice President, Treasurer,
Principal Accounting Oficer and
Principal Financial Officer of ACP
Holdings, Inc.
Date: January 27, 1998 OLYMPUS CAPITAL CORPORATION
By: /s/Timothy J. Rigas
Timothy J. Rigas
Executive Vice President, Treasurer,
Principal Accounting Oficer and
Principal Financial Officer
