CARROLLTON, Texas-CellStar Corp. has amended the terms of its proposed exchange offer for its five percent Convertible Subordinated Notes due October 2002.
Now, for each $1,000 principal amount of Subordinated Notes tendered, holders will receive $366.67 in cash and can elect to take one of three options regarding Senior Subordinated Notes. In addition, if the holder chooses, each $1,000 of Senior Convertible Note is convertible into 1,000 shares of CellStar common stock.
