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Article: US Unwired to Offer to Exchange Existing 13.375% Senior Subordinated Discount Notes Due 2009 for Cash and New Senior Notes.
- Article from:
- Business Wire
- Article date:
- May 15, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LAKE CHARLES, La.--(BUSINESS WIRE)--May 15, 2003
US Unwired Inc. (OTCBB: UNWR) today announced that it intends to offer to exchange any and all of its existing 13.375% Senior Subordinated Discount Notes due November 1, 2009 (the "Existing Notes") for $187.50 in cash and $185.00 in face amount of new senior notes per $1,000 face amount of Existing Notes, subject to the terms and conditions described in the confidential offering memorandum for the offer. The aggregate face amount of the outstanding Existing Notes is $400,000,000.
The new notes to be issued in the offer will be 13.375% Senior Discount Notes due on November 3, 2009 ...