-----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, S49WlEE5upKxqhwZGmQFG05HjGAPJHrLIVL3ezK0Fce05LSBHvXPXRoZCqrLL+44 sqNTwATZvon0R2y9zWYOSw== 0000950134-99-008341.txt : 19990920 0000950134-99-008341.hdr.sgml : 19990920 ACCESSION NUMBER: 0000950134-99-008341 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990917 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTEL INC CENTRAL INDEX KEY: 0001036712 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 954495524 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26127 FILM NUMBER: 99713045 BUSINESS ADDRESS: STREET 1: 1111 W MOCKINGBIRD LANE STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 2146343800 MAIL ADDRESS: STREET 1: 1111 W. MOCKINGBIRD LN. STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75247 8-K 1 FORM 8-K 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 17, 1999 OPTEL, INC. ----------- (Exact name of registrant as specified in its charter) Delaware 95-4495524 - --------------------------------- ------------------------------- (State or other jurisdiction (I.R.S. Employer Identification of incorporation or organization) Number) 333-24881 --------- (Commission File Number) 1111 West Mockingbird Lane, Suite 1000, Dallas, Texas 75247 --------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 634-3800 2 ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS On September 17, 1999, the Registrant issued the press release attached hereto as Exhibit "A" announcing that Registrant has obtained a one-year $40 million working capital credit facility. ITEM 7. EXHIBITS Press Release, dated September 17, 1999. -2- 3 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. Date: September 17, 1999 OpTel, Inc. ----------- (Registrant) By: /s/ MICHAEL E. KATZENSTEIN ------------------------------- Name: Michael E. Katzenstein Title: Vice President and General Counsel 4 EXHIBIT INDEX
Exhibit No. Description Page No. - ------- ----------- -------- 20 Press Release, dated September 17, 1999 5
EX-20 2 PRESS RELEASE 1 FOR IMMEDIATE RELEASE: OPTEL, INC. ANNOUNCES $40 MILLION CREDIT FACILITY DALLAS, Texas (September 17, 1999): OpTel, Inc. announced today that it has obtained a one-year revolving working capital credit facility from the Toronto Dominion Bank and the Bank of Nova Scotia in the amount of up to $40 million. The credit facility is secured by substantially all assets of OpTel and its subsidiaries and is guaranteed by its controlling stockholder, Le Groupe Videotron ltee ("GVL"), and by certain other subsidiaries of GVL. OpTel's ability to draw on the facility may be limited by its other debt instruments. OpTel requires and continues to explore the availability of more permanent financing. OpTel is a leading network-based provider of integrated communications services, including local and long distance telephone, cable television and high-speed Internet access services, to residents of multiple-dwelling units in the United States. OpTel currently provides cable television and telecommunications services in a number of metropolitan areas including Los Angeles, San Diego, San Francisco, Phoenix, Denver, Houston, Dallas-Fort Worth, Chicago, Indianapolis, Atlanta, Miami-Fort Lauderdale and Orlando-Tampa. OpTel is 70.1%-owned by Le Groupe Videotron ltee, a Canadian holding company with controlling interests in companies engaged in cable distribution, telecommunications and broadcasting. The statements contained in this release which are not historical facts are forward-looking statements. Actual events may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the competition for the company's service offerings, ability to raise additional capital and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings. For further information, please contact: Benoit Deschamps: (214) 634-3800
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