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) October 02, 1997 HYPERION TELECOMMUNICATIONS, INC. (Exact name of registrant as specified in charter) Delaware 333-06957 25-1669404 (State or other (Commission File Number) (IRS Employer jurisdiction of incorporation) Identification No.) Main at Water Street - Coudersport, PA 16915 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (814) 274-9830 Item 5. Other Events Hyperion Telecommunications, Inc. announced that it has sold $200,000,000 aggregate liquidation preference of 12-7/8% Senior Exchangeable Redeemable Preferred Stock due 2007 (the "Senior Preferred Stock") primarily in reliance on Rule 144A to "qualified institutional buyers". The press release related to such announcement is filed hereto as Exhibits 99.01. Item 7. Financial Statements and Exhibits (c) The following exhibit is filed as part of this report on Form 8-K: Exhibit 99.01 Hyperion Press Release issued October 2, 1997 SIGNATURE Pursuant to the requirements of the Security Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: October 07, 1997 HYPERION TELECOMMUNICATIONS, INC. (Registrant) By: /s/Timothy J. Rigas Timothy J. Rigas Vice Chairman, Treasurer and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description Exhibit 99.01 Hyperion Press Release issued October 2, 1997