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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 3, 1998
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CTC COMMUNICATIONS CORP.
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(Exact name of registrant as specified in charter)
MASSACHUSETTS 0-13627 04-2731202
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
360 Second Ave., Waltham, Massachusetts 02154
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (781) 466-8080
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This is page 1 of 4 pages.
Exhibit Index appears on page 4.
ITEM 5. OTHER EVENTS.
On June 2, 1998, CTC Communications Corp. ("CTC" or the "Company") issued
press releases announcing a proposed offering of $125 million gross proceeds of
units consisting of senior notes and warrants to purchase common stock pursuant
to Rule 144A, CTC's results of operations for the fourth quarter and fiscal year
ending March 31, 1998 and changes in CTC's business strategy including proposed
expansion into six additional states in the Boston-Washington D.C. corridor and
proposed deployment of a data-centric network. The information contained in the
press releases, which are attached as Exhibits 99.1, 99.2 and 99.3 hereto, is
incorporated herein by reference.
The press releases contain certain "forward looking statements" relating to
proposed financing, future expansion and network deployment, future operations
and future financial results. No assurance can be given that the future results
implied or expressed by the forward looking statements will be achieved. Such
statements are subject to risks, uncertainties and other factors which could
cause actual results to differ materially from future results expressed or
implied by such forward looking statements. Factors that might cause such a
difference include, but are not limited to, those discussed in "Risk Factors"
contained in Exhibit 99.4 hereto, which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release issued by CTC Communications Corp. on June 2, 1998 with
respect to proposed private placement.
99.2 Press release issued by CTC Communications Corp. on June 2, 1998 with
respect to financial results.
99.3 Press release issued by CTC Communications Corp. on June 2, 1998 with
respect to strategy changes.
99.4 Risk Factors
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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.
CTC COMMUNICATIONS CORP.
By: /s/ Steven C. Jones
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Name: Steven C. Jones
Title: Chief Financial Officer
Date: June 3, 1998
EXHIBIT INDEX
Exhibit No. Description of Exhibits Page
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99.1 Press release issued by CTC Communications Corp.
on June 2, 1998 with respect to proposed private
placement.
99.2 Press release issued by CTC Communications Corp.
on June 2, 1998 with respect to financial results.
99.3 Press release issued by CTC Communications Corp.
on June 2, 1998 with respect to strategy changes.
99.4 Risk Factors