8-K: Current report
Published on December 8, 2004
UNITED STATES
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): December 7, 2004
GENERAL COMMUNICATION, INC.
(Exact Name of Registrant as Specified in its Charter)
Alaska 0-15279 92-0072737
- --------------- ---------------------- ------------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
2550 Denali Street Suite 1000 Anchorage, Alaska 99503
----------------------------------------------------- --------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (907) 868-5600
NONE
-----------------------------------------------------------
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 2 - Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On December 7, 2004, General Communication, Inc. (GCI) announced the
closing of its $70 million add-on bond transaction. In a private transaction
concurrent with add-on bond closing, GCI repurchased 3,751,509 GCI Class A
common shares at $8.33 per share and $10 million face value of GCI Series C
Preferred Stock from MCI. The aggregate amount of the equity repurchase totaled
$41.3 million. In addition, $10 million of the add-on bond proceeds were used to
repay GCI's outstanding balance on its revolving credit facility. The remaining
balance of the bond proceeds of more than $17 million, after fees and expenses,
will be used for other general corporate purposes. A copy of the press release
is attached as Exhibit 99.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(a) Financial statements of businesses acquired: Not Applicable
(b) Pro forma financial information: Not Applicable
(c) Exhibit:
99.1 Press release dated December 7, 2004
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.
GENERAL COMMUNICATION, INC.
---------------------------
(Registrant)
Date: December 7, 2004
By /s/
-----------------------------------
Name: John M. Lowber
Title: Senior Vice President,
Chief Financial Officer,
Secretary and Treasurer
(Principal Financial Officer)
EXHIBIT INDEX
Exhibit No. Description
- ----------- --------------------------------------------------------
99.1 Press release of General Communication, Inc. dated
December 7, 2004.