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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): September 30, 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 September 30, 1995, Pacific Telecom, Inc. (Company)
purchased local exchange assets in Washington from US WEST
Communications, Inc. (USWC). There are no affiliated relationships
between the Company and USWC. The assets acquired from USWC represent
26 exchanges which serve approximately 20,000 access lines, largely
in rural Washington. The Company combined these assets with its
existing local exchange operations in Washington and began providing
telecommunications services to its new customers immediately after
closing.
The Company paid approximately $86 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 Wachovia Bank and internally
generated funds. The Company had previously retired short-term
borrowings with the proceeds from the sale of Alascom, Inc. in August
1995.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
c) Exhibits
2B Agreement of Purchase and Sale of Exchanges between US
WEST Communications, Telephone Utilities of Washington,
Inc. and the Registrant dated May 5, 1994. (Incorporated
by reference to Exhibit 2B of the Registrant's Annual
Report on Form 10-K for the year ended December 31, 1994,
File No.0-873.)
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<PAGE> 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 hereunto duly authorized.
PACIFIC TELECOM, INC.
(Registrant)
Dated: October 4, 1995 By: /s/James H. Huesgen
_____________________
James H. Huesgen
Executive Vice President
and Chief Financial Officer
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