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): August 3, 2004
CITIZENS COMMUNICATIONS COMPANY
(Exact name of registrant as specified in its charter)
Delaware 001-11001 06-0619596
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3 High Ridge Park
Stamford, Connecticut 06905
(Address of Principal Executive Offices)
(203) 614-5600
(Registrant's Telephone Number, Including Area Code)
No Change Since Last Report
---------------------------
(Former name or former address, if changed since last report)
ITEM 5. Other Events
------------
On August 3, 2004, Citizens Communications Company issued a press
release. A copy of the press release is attached hereto as Exhibit
99.1.
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.
CITIZENS COMMUNICATIONS COMPANY
(Registrant)
By: /s/ Robert J. Larson
--------------------------
Robert J. Larson
Senior Vice President and
Chief Accounting Officer
Date: August 5, 2004
Exhibit 99.1
Citizens Communications
3 High Ridge Park
Stamford, CT 06905
203.614.5600
Web site: www.czn.net
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE
Contacts:
Brigid Smith Donald Armour
Assistant Vice President Senior Vice President &
Corporate Communications Treasurer
203.614.5042 203.614.5124
bsmith@czn.com darmour@czn.com
-------------- ---------------
CITIZENS COMMUNICATIONS
ANNOUNCES EXPECTED RESET INTEREST RATE ON
6.75% SENIOR NOTES
Stamford, Conn., August 3, 2004 - Citizens Communications Company (NYSE: CZN)
announced today that it expects the reset interest rate on its 6.75% Senior
Notes due 2006 (the "Notes"), which comprise a part of its 6.75% Equity Units
(the "Equity Units") will be equal to the minimum rate of 6.75%. The interest
rate on the Notes is being reset pursuant to the contractual requirements of the
Notes and will be effective on and after August 17, 2004 assuming a successful
remarketing of the Notes on August 12, 2004.
The securities affected by this announcement are as follows:
* 6.75% Senior Notes due 2006 (CUSIP No. 17453BAC5); and
* Equity Units (CUSIP No. 17453B200).
Any holder that has sold its Equity Units on or prior to August 16, 2004 will
not be entitled to receive excess proceeds, if any, from the remarketing, after
deducting a remarketing fee to the remarketing agent.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities. The remarketing will only be made pursuant to a
prospectus supplement and accompanying prospectus which, when finalized, may be
obtained from the remarketing agent at the following telephone number: Morgan
Stanley & Co. Incorporated, (212) 761-5409, attn: Nathan McMurtray. For
additional information regarding the remarketing of the Notes, you may contact
the remarketing agent at the phone number listed above.
More information on Citizens can be found at www.czn.net.
###