LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. extended the expiration date of its offers for its public debt from Oct. 29 until Nov. 4.
Alamosa reported that as of Oct. 29 it had received approximately $221 million in principal amount of 12.5-percent senior notes due 2011, $136 million in principal amount of 13.625-percent senior notes due 2011 and $317 million in principal amount of 12.875-percent senior discount notes due 2010. The amounts represent approximately 89 percent of outstanding 12.5-percent senior notes, 91 percent of 13.525-percent senior notes and 91 percent of 12.875-percent senior discount notes.
Alamosa added that it has received sufficient votes in favor of its prepackaged restructuring plan, which the carrier previously announced it would enact if it did not receive sufficient results from its debt purchase, and it is extending the exchange offer to permit all of its note holders to tender their existing notes and receive the same consideration due under the prepackaged plan quicker and without the possible downside risk to investors and incremental costs associated with a bankruptcy filing.
