-----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, PHsg3gX7KsJVM4qCd+AnZa0xEQm42BTQuh814Vp6/czcSEGAl6sMI38vY17+n2wb MupwtIs6aOZlJExPrjy5/A== 0001047469-98-032629.txt : 19980826 0001047469-98-032629.hdr.sgml : 19980826 ACCESSION NUMBER: 0001047469-98-032629 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980810 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980825 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEFTEL BROADCASTING CORP CENTRAL INDEX KEY: 0000922503 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 990113417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-24516 FILM NUMBER: 98697238 BUSINESS ADDRESS: STREET 1: 3102 OAK LAWN AVENUE STREET 2: STE 215 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 2145257700 MAIL ADDRESS: STREET 1: 3102 OAK LAWN AVENUE STREET 2: SUITE 215 CITY: DALLAS STATE: TX ZIP: 75219 8-K 1 8-K 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): August 10, 1998 HEFTEL BROADCASTING CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-24516 99-0113417 (State or other jurisdiction (Commission File Number) (IRS Employer incorporation) Identification No.) 3102 Oak Lawn Avenue, Suite 215 Dallas, Texas 75219 (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code: (214) 525-7700 ------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On August 10, 1998, Heftel Broadcasting Corporation (the "Company") acquired the assets of KJQY(FM) and KKLQ(FM) serving the San Diego market for $65.2 million from Citicasters Co. The assets to be acquired consist of items of broadcasting and technical equipment utilized in the transmission of radio signals, Federal Communications Commission licenses and other items of personal property associated with the operations of the broadcast facilities. The Company borrowed $15.0 million from its $300.0 million revolving credit agreement and used a portion of the proceeds from its January 22, 1998 secondary stock offering and cash generated from operating activities to fund the acquisition. The assets acquired by the Company were utilized by Citicasters Co. for the purpose of radio broadcasting. The Company intends to continue such use. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS EXHIBIT 10.1 Assets Purchase Agreement, dated May 26, 1998, by and between Citicasters Co. and Heftel Broadcasting Corporation, HBC San Diego, Inc. and HBC San Diego License Corporation (incorporated by reference to Exhibit 10.1 to the Registrant's Form 10-Q filed on August 6, 1998) SIGNATURES 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. Heftel Broadcasting Corporation ------------------------------- (Registrant) By: /s/ Jeffrey T. Hinson -------------------------- Name: Jeffrey T. Hinson Title: Chief Financial Officer Dated: August 25, 1998 1 Index To Exhibits ----------------- Exhibit No. Description - ----------- ----------- 10.1 Assets Purchase Agreement, dated May 26, 1998, by and between Citicasters Co. and Heftel Broadcasting Corporation, HBC San Diego, Inc. and HBC San Diego License Corporation (incorporated by reference to Exhibit 10.1 to the Registrant's Form 10-Q filed on August 6, 1998)
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