KIRKLAND, Wash.-Nextel Partners Inc. filed a registration statement with the Securities and Exchange Commission for a public offering of 33 million shares of Class A common stock, including 10 million shares newly offered by the carrier and 23 million shares to be offered by DLJ Merchant Banking Partners II L.L.P, Madison Dearborn Capital Partners II L.P. and Motorola Inc.
Nextel Partners said it intends to use proceeds from the sale of its 10 million shares to redeem approximately 32 percent of the outstanding principal amount of its 12.5-percent senior discount notes and for general corporate purposes.
Nextel Partners also announced its previously announced registration statement covering resells by selling security holders of its 1.5-percent senior convertible notes due 2008 and the subsequent converted class A common shares have been declared effective by the SEC. The carrier noted it would not receive any proceeds from the resells.
Nextel Partners stock was trading down more than 5 percent early Thursday at $11.63 per share.
