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Article: Citadel Broadcasting Corporation Announces the Completion of the Offer to Purchase and Exchange for Its 1.875% Convertible Subordinated Notes Due 2011.
- Article from:
- Business Wire
- Article date:
- June 6, 2008
CopyrightCOPYRIGHT 2008 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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LAS VEGAS -- Citadel Broadcasting Corporation (NYSE: CDL) (the "Company") today announced that it has completed its offer (the "Offer") to purchase, on a pro rata basis, up to an aggregate principal amount of $55.0 million its 1.875% Convertible Subordinated Notes due 2011 (the "Existing Notes") for a price of $900 per $1,000 principal amount of the Existing Notes, and to exchange all Existing Notes validly tendered and not withdrawn in excess of $55.0 million for an equal amount of its newly authorized Amended and Restated Convertible Subordinated Notes due 2011 (the "Amended Notes").
Pursuant to the Offer, $329.474 million aggregate principal amount of the ...