8-K 1 t08418e8vk.txt FORM 8-K ================================================================================ 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 DECEMBER 3, 2002 (NOVEMBER 29, 2002) ------------------------------------------------------ Date of Report (Date of earliest event reported) CABLETEL COMMUNICATIONS CORP. ------------------------------------------------------ (Exact name of Registrant as specified in its charter) ONTARIO, CANADA ------------------------------------------------------ (Jurisdiction of incorporation or organization) 1-13332 8647 8525 ----------------------- ------------------- (Commission File Number) (Canadian Federal Tax Account Number) 230 TRAVAIL RD., MARKHAM, ONTARIO, CANADA L3S 3J1 ------------------------------------------------------ (Address of principal executive offices) (905) 475-1030 ------------------------------------------------------ (Registrant's telephone number, including area code) ================================================================================ ITEM 5. OTHER EVENTS On November 29, 2002 Cabletel Communications Corp. announced that it had entered into an amendment to its credit agreement with its senior bank lender to remedy certain previously announced technical violations of the debt service ratio covenant contained in its senior credit facility. As the company had previously announced, in May, 2002 the Company entered into a new revolving credit facility with its main bank lender. The new CDN $15 million facility, which replaced Cabletel's previous working capital line, has a three-year term and provides for up to a $3 million increase over the maximum availability under Cabletel's prior facility. The new facility contains certain customary covenants, including, among others, certain debt servicing ratios. Also as previously announced, the Company estimated that as of September 30, 2002, as a result of a minor variation from the required debt service ratio, the Company had a technical violation of an applicable covenant. The amendment entered into by the Company resolved those violations with respect to the quarter ended September 30th, 2002. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS 99.1 Press release dated November 29, 2002. 99.2 Amendment #1 to Credit Agreement Dated May 13, 2002. 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 hereunto duly authorized. CABLETEL COMMUNICATIONS CORP. ----------------------------- (Registrant) Date: December 3, 2002 By: /s/ Ron Eilath ---------------- ------------------------------------- Ron Eilath Executive Vice President and Chief Financial Officer

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

November 5, 2002 (November 1, 2002) Date of Report (Date of earliest event reported)

CABLETEL COMMUNICATIONS CORP. (Exact name of Registrant as specified in its charter)

Ontario, Canada (Jurisdiction of incorporation or organization)

1-13332		8647 8525
(Commission File Number)		(Canadian Federal Tax Account Number)

230 Travail Rd., Markham, Ontario, Canada L3S 3J1 (Address of principal executive offices)

(905) 475-1030 (Registrant’s telephone number, including area code)

Item 5. Other Events

On November 1, 2002, Cabletel Communications Corp. (“Cabletel”) announced that it has entered into a transaction with Allied Wire and Cable Ltd. and certain related companies pursuant to which Cabletel has been granted an option to acquire all of the capital stock of Allied, a supplier of products to the cable and telecom sectors in Western Canada. As part of the proposed transaction, Allied and Cabletel have agreed upon repayment terms for the approximately CDN$675,000 owed by Allied to the Company for inventory previously provided by the Company. In addition, Cabletel has agreed to provide an additional CDN$100,000 in inventory and advance CDN$50,000 in cash to Allied. At any time prior to the full repayment by Allied of such amounts owed, Cabletel has the option to acquire all of the capital stock of Allied for a price equal to the amount of the indebtedness owed by Allied to the Company on the exercise date of that option.

Item 7. Financial Statements and Exhibits

99.1 Press release dated November 1, 2002.

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 hereunto duly authorized.

	CABLETEL COMMUNICATIONS CORP. (Registrant)
Date: November 5, 2002	By:	/s/ Ron Eilath
		Ron Eilath Executive Vice President and Chief Financial Officer

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