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Article: FiberTower Commences Exchange Offer for Its 9.00% Convertible Senior Secured Notes Due 2012.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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FiberTower Corporation (NASDAQ:FTWR), a wireless services backhaul provider, announced that it has commenced an exchange offer and consent solicitation relating to any and all of its outstanding 9.00% Convertible Senior Secured Notes due 2012 (the "Existing Notes"). FiberTower is offering to exchange the Existing Notes for its 9.00% Mandatorily Redeemable Convertible Senior Secured Notes due 2012 (the "Interim Notes"), which will, upon the satisfaction of certain conditions, be mandatorily redeemable for cash, shares of FiberTower common stock and new 9.00% Senior Secured Notes (the "New Notes").
As of October 26, 2009, the aggregate principal amount of the ...