-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VsEuQLIri/GpDKaXPcQFhOcWbG2xeji6qgNZ8V+RXT24tdqS23ex5ihvNqGNLp0m PEjS9E+MO2e54lvIAgoSJQ== 0000892569-99-002440.txt : 19990915 0000892569-99-002440.hdr.sgml : 19990915 ACCESSION NUMBER: 0000892569-99-002440 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990914 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001009532 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 752644120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20803 FILM NUMBER: 99711452 BUSINESS ADDRESS: STREET 1: 1122 CAPITAL OF TEXAS HGWY S STREET 2: STE 200 CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5123281112 MAIL ADDRESS: STREET 1: 5000 PLAZA ON THE LAKE STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 79746-1050 8-K 1 FORM 8-K DATED SEPTEMBER 14, 1999 1 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 14, 1999 ------------------------------ IXC Communications, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 0-20803 74-2644120 - -------------------------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 1122 Capital of Texas Highway South, Austin, Texas 78746 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (512) 328-1112 ----------------------- Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. Attached as Exhibit 99.1 is the press release issued by IXC Communications, Inc. dated September 14, 1999 which is hereby incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS 99.1 Press release dated September 14, 1999. -2- 3 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. IXC Communications, Inc. Dated: September 14, 1999 By: /s/ JEFFREY C. SMITH ----------------------------- Jeffrey C. Smith Senior Vice President, General Counsel and Secretary -3- 4 EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Press release dated September 14, 1999. EX-99.1 2 PRESS RELEASE DATED SEPTEMBER 14, 1999 1 ( BW)(TX-IXC-COMMUNICATIONS)(IIXC) IXC Obtains $310 Million Financing Business Editors and High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 14, 1999--IXC Communications Inc. (Nasdaq:IIXC) today announced that it has completed $310 million of financing through Bank of America N.A. and amended its existing credit facility with the bank. The new facility comprises two secured revolving loans and is intended to finance IXC through the close of its merger with Cincinnati Bell Inc. The merger is currently expected to close in the fourth quarter 1999. The facility provides for prime or LIBOR rate interest options at IXC's election. IXC expects to use the proceeds for capital expenditures and working capital requirements. The new facilities will mature at the completion of the merger or if the merger is terminated. If the merger is not completed by Feb. 28, 2000, $310 million of the new facilities will mature. Under certain circumstances, Bank of America may sell the credit facilities to Cincinnati Bell, resulting in Cincinnati Bell becoming the lender to IXC. In amending its existing agreement, the covenants under the facility have been adjusted and the total amount available to IXC has been fixed at $200 million, the amount presently outstanding. The existing facility will also mature at the completion of the merger or if the merger is terminated. "We are extremely pleased to have completed this credit facility," said John Zrno, IXC's Chief Executive Officer. "It allows us the financial flexibility to continue our growth strategy while preparing to merge with Cincinnati Bell." IXC's network-based delivery solutions are designed to address the speed and capacity requirements of the global communications market. IXC offerings include private line, fast packet (ATM and frame relay), Internet and long-distance switched and dedicated services. IXC Communications Inc. is at the forefront of the industry's new class of emerging domestic and international carriers. IXC is a publicly traded company listed on Nasdaq under the symbol IIXC. For more information, visit IXC's Web site at www.ixc-comm.com. CONTACT: IXC Communications Inc., Austin Media Contact: Melissa Jackson, 512/231-5247 mjackson@ixc-comm.com or Investor Contact: Greta Wiechman, 888/267-9478 gwiechman@ixc-comm.com -----END PRIVACY-ENHANCED MESSAGE-----