OKLAHOMA CITY-Dobson Communications Corp. extended its previously announced cash tender offer for up to 250,000 shares of its 12.25-percent senior exchangeable preferred stock from Oct. 7 to Oct. 21. The carrier noted 245,832 shares were tendered by the original Oct. 7 deadline.
Dobson also announced that its Dobson/Sygnet Communications Co. subsidiary has extended its previously announced cash tender offer for $188.5 million in principal amount of 12.25-percent senior notes due 2008 from Oct. 7 to Oct. 21. Dobson said it had received approximately $183.3 million in notes by the Oct. 7 deadline.
Dobson added that it expects the closing of its new $700 million senior credit facility, which is a condition of the offers, to occur Oct. 15.
