RESTON, Va.-Following an extremely strong quarterly report earlier this week, Nextel Communications Inc. said it plans to offer $1 billion of its senior serial redeemable notes in a public offering.
The carrier said it will use the net proceeds from the offering to redeem its outstanding shares of Series E exchangeable preferred stock and to repurchase its senior redeemable discount notes.
The carrier’s stock was up slightly after the news to about $19.90 per share.
