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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
__________________________
Date of Report (Date of
earliest event reported): June 24, 1997
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INTERMEDIA COMMUNICATIONS INC.
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(Exact name of registrant as specified in its charter)
Delaware 59-2913586
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(State or other jurisdic- (I.R.S. Employer
tion of incorporation or Identification No.)
organization)
0-20135
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(Commission File Number)
3625 Queen Palm Drive, Tampa, Florida 33619-1309
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (813) 829-0011
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Item 5. Other Events
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On June 24, 1997, Intermedia Communications Inc. (the "Company") announced
the commencement of two concurrent private offerings (the "Offerings") of its
securities, to be resold by the initial purchasers pursuant to Rule 144A
promulgated under the Securities Act of 1933, as amended (the "Securities Act").
The Company will offer $300 million gross proceeds of Senior Discount Notes and
$100 million gross proceeds of Depositary Shares, each representing a one-
hundredth interest in a share of the Company's Series D Junior Convertible
Preferred Stock. The net proceeds from the Offerings will be used to retire or
defease the Company's outstanding 13 1/2% Senior Notes due 2005, to fund the
continued implementation of the Company's business plan and for general
corporate purposes, including working capital. The Senior Discount Notes and
the Depositary Shares to be sold in the Offerings will not and have not been
registered under the Securities Act or any state securities or blue sky laws,
and may not be offered or sold in the United States or in any state thereof
absent registration or an applicable exemption from the registration
requirements of such laws.
Item 7. Financial Statements and Exhibits
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Exhibit 99 Press Release, dated June 24, 1997.
2
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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: June 27, 1997
INTERMEDIA COMMUNICATIONS INC.
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(Registrant)
By: /s/ Patricia A. Kurlin
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Name: Patricia A. Kurlin
Title: Vice President, Corporate
Counsel
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EXHIBIT INDEX
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Exhibit Page
No. Description No.
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99 Press Release, dated June 27, 1997.
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EXHIBIT 99.1
NEW RELEASE
[LOGO INTERMEDIA COMMUNICATIONS]
3625 Queens, Palm Drive CONTACT: Robert M. Manning
Tampa, Florida 33019 Chief Financial Officer
(813) 829-0011 813/829-2403
http://www.icix,net Or
Fax: (813) 829-2913 Chris Brown
Senior Vice President of
Investor Relations
813/829-2408
INTERMEDIA COMMUNICATIONS INC. ANNOUNCES
PRIVATE OFFERINGS OF SECURITIES
TAMPA, FL (June 24, 1997)--Intermedia Communications Inc., (ICI--
Nasdaq/NM:ICIX), a rapidly growing provider of integrated telecommunications
services, today announced that it is commencing two concurrent private offerings
of its securities. The offerings are expected to be resold by the initial
purchasers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Intermedia will be offering $300 million (gross proceeds) of Senior
Discount Notes and $100 million of Convertible Preferred Stock. The net proceeds
from these offerings will be used to retire or defease Intermedia's outstanding
13-1/2% Senior Notes due 2005, to fund the continued implementation of the
Company's business plan, and for general corporate purposes.
The Senior Discount Notes and Convertible Preferred Stock to be sold in the
foregoing offerings will not and have not been registered under the Securities
Act of 1933, as amended, or any state securities or blue sky laws, and may not
be offered or sold in the United States or in any state thereof absent
registration or an applicable exemption from the registraton requirements of
such laws.
Intermedia Communications is one of the nation's fastest growing
telecommunications companies, offering an integrated package of local, long
distance, voice, data and Internet services to business and government customers
in the eastern U.S. Intermedia is headquartered in Tampa, Florida, with sales
offices in over 20 cities throughout the East. Intermedia stock is traded on the
Nasdaq Stock Market's National Market under the symbol ICIX. For information
about Intermedia's services or other corporate data, visit Intermedia's site on
the World Wide Web at http://www.icix.net.
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