REDMOND, Wash.-AT&T Wireless Services Inc. said it has received the necessary consent from noteholders to authorize certain amendments to the indentures relating to its senior notes in connection with its pending acquisition by Cingular Wireless L.L.C. The consent offer was initiated Aug. 18 and expired Sept. 1.
The amendments, which were requested by Cingular, will clarify that after the acquisition, AWS as well as any guarantor or co-obligor of the senior notes and their respective successors can convert to and exist as any organizational form in addition to a corporation. In addition, the proposed amendments with respect to the notes issued under the 2002 indenture will permit financial and other reports of Cingular or any other guarantor or co-obligor of the senior notes to be provided to note holders in lieu of financial and other reports of AWS as would be permitted by Securities and Exchange Commission rules.
Payment of consent fees will be made to note holders upon completion of Cingular’s acquisition of AWS, which is expected later this year.
