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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): February 15, 1995
PACIFIC TELECOM, INC.
(Exact name of registrant as specified in Charter)
State of Washington 0-873 91-0644974
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
805 Broadway
Vancouver, Washington
(Address of principal 98668-8701
executive offices) (Zip Code)
Registrant's telephone number, including area code: (360)905-5800
No Change
(Former name or former address, if changed since last report)
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Item 2. ACQUISITION AND DISPOSITION OF ASSETS
On February 15, 1995, Pacific Telecom, Inc. (Company)
purchased local exchange assets in Colorado from US WEST
Communications, Inc. (USWC). There are no affiliated relationships
between the Company and USWC. The assets acquired from USWC represent
45 local exchanges which serve approximately 50,000 access lines,
largely in rural Colorado. The Company combined these assets with its
existing local exchange operations in Colorado and began providing
telecommunications services to its new customers immediately after
closing.
The Company paid approximately $200 million in cash at closing
for these assets. The purchase price was based on a multiple of net
book value of USWC assets acquired with certain purchase price
adjustments calculated at closing. Funds for the purchase were
provided through a combination of short-term borrowings under
uncommitted lines of credit from seven banks and under the Company's
$300 million revolving credit facility with a group of banks with
Chemical Bank as agent. The Company had previously retired short-term
borrowings with proceeds from the sale of noncore business operations.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
2 Agreement for the Purchase and Sale of Exchanges
between US WEST Communications, Inc. and the
Registrant dated August 30, 1993. (Incorporated by
reference to Exhibit 2 of the Registrant's Annual
Report on Form 10-K for the year ended December 31,
1993, File No. 0-873.)
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.
PACIFIC TELECOM, INC.
(Registrant)
Date: February 21, 1995 By /s/James H. Huesgen
_______________________________
James H. Huesgen
Executive Vice President and
Chief Financial Officer
