LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. reported that the exchange offer of its public debt that was first announced Sept. 12 expired Nov. 10 with 97.3 percent of the total aggregate tendered and not withdrawn in the offer.
The final tally of the offers, which included a handful of extensions, was $238.4 million or 95.4 percent of 12.5-percent senior notes due 2011, $147.5 million or 98.4 percent of 13.625-percent senior notes due 2011, and $343.6 million or 98.2 percent of 12.875-percent senior discount notes due 2010.
“The conclusion of the exchange offers represents another significant step for our company,” said David Sharbutt, chairman and chief executive officer of Alamosa. “The exchange offers not only provide us with a new capital structure, but also financial flexibility with our lenders and new agreements with Sprint that make sense in the competitive environment in which we operate.”
