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): December 7, 1999
ARAHOVA COMMUNICATIONS, INC..
(Exact name of registrant as specified in its charter)
0-16899
(Commission File Number)
Delaware 25-1844576
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
One North Main 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. Acquisitions or Dispositions of Assets.
On December 7, 1999, subsidiaries of Arahova Communications, Inc.
("Arahova" or the "Company") and AT&T consummated the pending cable system joint
venture between the Company and AT&T in the Los Angeles, California area. This
joint venture, Century-TCI California Communications, L.P., includes cable
systems contributed by the Company and AT&T which together serve approximately
800,000 basic cable subscribers. The Company received a 75% interest in the
joint venture and AT&T received a 25% interest in the joint venture. The joint
venture systems will continue to be operated as cable television systems and
related facilities. The joint venture systems will be managed by Adelphia
Communications Corporation, the parent of the Company. In connection with the
closing, the operating subsidiary of the joint venture entered into a new $1
billion bank credit facility with a syndicate of bank lenders for which
Citibank, N.A. serves as the Administrative Agent.
Item 7. Financial Statements and Exhibits.
(a)(b) Any required financial statements or pro forma financial
information will be filed under Item 7 by an amendment to this Form 8-K within
60 days of the date of this Form 8-K.
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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.
ARAHOVA COMMUNICATIONS, INC.
Date: December 22, 1999 By: /s/ Timothy J. Rigas
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Timothy J. Rigas
Executive Vice President, Treasurer and
Chief Financial Officer
