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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
August 22, 1997
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Date of Report (Date of Earliest Event Reported)
Xecom Corp.
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(Exact name of Registrant as specified in its charter)
Nevada 000-27706 87-0421183
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(State or other (Commission (IRS Employer
jurisdiction of file Number) Identification No.)
incorporation or
organization)
69-730 Highway 111
Suite 101
Rancho Mirage, California 92270
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(Address of principal executive offices)
Registrant's telephone number, including area code: (619) 202-1555
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On August 22, 1997, the Company completed a $30,800,000 refinancing which
consolidated and restructured the equity, debt financing and construction
advances used to fund the construction of telecommunications facilities for
Phases I and II of the Company's subcontract with Sprint Communications Company
LP ("Sprint") to install and maintain turnkey residential telephone service at
certain United States military bases.
The new financing also consolidated the cost of advances from Sprint for
various local trunking installations and charges, and provided contingency funds
for potential sales tax and legal contingencies. Terms of the financing include
an effective interest rate of 10.25% per annum, a 7 year amortization period
and a 10 month initial payment deferral.
2
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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 hereunto authorized.
XECOM CORP.
Dated: September 5, 1997 By: /s/ Joseph C. Vigliarolo
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Joseph C. Vigliarolo
Chief Executive Officer
