KIRKLAND, Wash.-Nextel Partners Inc. said it intends to sell $100 million of convertible senior notes due 2008 to qualified institutional buyers in an unregistered offering and that it will grant the initial purchasers an overallotment option to purchase an additional $25 million principal amount of the notes. The carrier added that the notes will be convertible into class A common stock.
Nextel Partners said net proceeds of the offering will be used for general corporate purposes, including potential opportunistic purchases of currently outstanding debt obligations.
