KIRKLAND, Wash.-Nextel Partners Inc. reported the expiration and final settlement of the tender offer for its 11-percent senior notes due 2010, noting it had accepted for purchase approximately $355.8 million aggregate principal amount of the outstanding notes representing 99.68 percent of the total principal of the outstanding notes.
Nextel Partners said it paid $1,123.44 per $1,000 principal value at maturity for any 11-percent notes tendered before 5 p.m. May 11 for total consideration of $396.1 million, excluding accrued and unpaid interest, and $1,086.84 per $1,000 principal value at maturity for notes tendered after the consent date but prior to the expiration date for total consideration of $3.5 million.
