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): July 24, 1998
e.spire Communications, Inc.
(formerly known as American Communications Services, Inc.)
(Exact name of registrant as specified in its charter)
State of Delaware 0-25314 52-1947746
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
133 National Business Parkway, Suite 200
Annapolis Junction, Maryland 20701
(Address of Principal Executive (Zip Code)
Offices)
(301) 361-4200
(Registrant's telephone number,
including area code)
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Item 5. Other Events.
On July 24,1998, e.spire Communications, Inc. (NASDAQ: ESPI) issued a press
release that it had completed a private placement of 10 5/8 % Senior Discount
Notes due 2008 yielding gross proceeds of approximately $225 million. The Notes
will pay cash interest semi-annually in arrears beginning January 1, 2004.
The net proceeds from the sale of the Notes will be utilized to fund the
Company's continuing sales, marketing and product development costs; expansion
of its high speed multi-protocol access infrastructure; enhancement of its
operational support systems; deployment of switching equipment; and for general
corporate purposes.
The Notes have not been registered under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an
applicable exemption from such registration.
This announcement does not constitute an offer to sell or the solicitation of
offers to buy any security and shall not constitute an offer, solicitation or
sale of any security in any jurisdiction in which such offer, solicitation or
sales would be unlawful. This press release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act of 1933, as amended.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
e.spire Communications, Inc.
By:
Date: July 27, 1998 /s/ Riley M. Murphy
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Riley M. Murphy, Executive Vice President
Legal and Regulatory Affairs and Secretary
