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 1, 2001
ADELPHIA COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-16014 23-2417713
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
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 5. Other Events
In a press release dated January 3, 2001, titled "ADELPHIA
COMMUNICATIONS ANNOUNCES $1.3 BILLION BANK FACILIY ", Adelphia Communications
Corporation ("Adelphia") announced that the Company had closed a new $1.3
Billion subsidiary short term credit facility led by Bank of America and
Citibank/Salomon Smith Barney. A copy of the above mentioned press release is
incorporated by reference herein, and is attached to this Form 8-K and filed
herewith under Item 7 as Exhibit 99.01.
In another press release dated January 3, 2001, titled " ADELPHIA
COMMUNICATIONS CLOSES SWAP TRANSACTION WITH COMCAST CORPORATION ", Adelphia
announced that effective January 1, 2001, it had closed swap agreements
involving certain cable systems with Comcast Corporation. Adelphia added
approximately 440,000 basic subscribers to two of its largest cable clusters,
Los Angeles, CA and West Palm/Fort Pierce, FL. In exchange, Comcast received
approximately 457,000 subscribers. A copy of the above mentioned press release
is incorporated by reference herein, and is attached to this Form 8-K and filed
herewith under Item 7 as Exhibit 99.02.
Additionally, Adelphia confirmed its previously announced commitment to
provide $450 Million of additional capital funding to Adelphia Business
Solutions, Inc. during 2001.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
99.01 Press Release dated January 3, 2001 (Filed Herewith).
99.02 Press Release dated January 3, 2001 (Filed Herewith).
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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 thereunto duly authorized.
Date: January 5, 2001 ADELPHIA COMMUNICATIONS CORPORATION
(Registrant)
By:/s/ Timothy J. Rigas
Timothy J. Rigas
Executive Vice President, Treasurer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
99.01 Press Release dated January 3, 2001 (Filed Herewith).
99.02 Press Release dated January 3, 2001 (Filed Herewith).
