RESTON, Va.-Nextel International Inc. completed a private placement of $650 million of its 12.75-percent senior serial notes due Aug.1, 2010, which were sold at a discount of 98.6 percent of their aggregate amount to produce a yield to stated maturity of 13 percent.
Nextel said it intends to use the net proceeds to finance network expansion, acquisition of additional spectrum, working capital needs or debt service requirements, or for other general corporate purposes.
