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: January 19, 1998
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.)
131 National Business Parkway
Annapolis Junction, Maryland 20701
(Address of Principal Executive (Zip Code)
Offices)
(301) 617-4200
(Registrant's telephone number,
including area code)
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Item 5. Other Events.
On January 19, 1998, American Communications Services, Inc. (NASDAQ: ACNS)
issued a press release that it had extended its offer to exchange its 13 3/4%
Senior Notes due 2007, which have been registered under the Securities Act of
1933, as amended, for up to $170 million aggregate principal amount of its
outstanding 13 3/4% Senior Notes due 2007 (the "Old Notes"). Based on
information received from its exchange agent, The Chase Manhattan Bank, the
Company believes that approximately $165 million aggregate principal amount of
the $170 million aggregate principal amount of Old Notes eligible to participate
in the exchange offer had been tendered as of January 16, 1998.
The exchange offer has been extended to 5:00 p.m., New York City time, on
January 23, 1998, unless extended. Except for the extension of the expiration
date, all other terms and conditions of the exchange offer relating to the Old
Notes remain as set forth in the exchange offer documents previously furnished
to the holders of the Old Notes.
American Communications Services, Inc. provides an alternative to the incumbent
local telephone companies, offering dedicated access, local dial tone and
advanced data and networking solutions to business customers in markets
primarily throughout the southern half of the United States. The Company manages
and operates its own local fiber optic networks.
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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.
AMERICAN COMMUNICATIONS SERVICES, INC.
By
Date: January 20, 1998 /s/ Riley M. Murphy
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Riley M. Murphy, Executive Vice President
Legal and Regulatory Affairs and Secretary
