KIRKLAND, Wash.-Nextel Partners Inc. today announced said Madison Dearborn Partners will sell 6 million shares of Nextel Partners’ Class A common stock. These shares, which were originally purchased by Madison Dearborn Partners in January 1999, represent approximately one-third of the company’s aggregate holdings of Nextel Partners’ Class A common stock.
Madison Dearborn Partners will continue to hold approximately 4.7 percent of the wireless carriers after the offering.
The shares were previously registered for resale on a registration statement on Form S-3 filed by Nextel Partners in October 2003, as amended, and subsequently declared effective by the Securities and Exchange Commission. Nextel Partners will not receive any of the proceeds from the shares offered by Madison Dearborn Partners. The offering is subject to standard closing conditions and is scheduled to close Aug. 9.
