OKLAHOMA CITY—Dobson Communications Corp. reported that its subsidiary Dobson Cellular Systems Inc. has initiated a cash tender offer for its $250 million aggregate principal amount of first priority senior secured floating rate notes due 2011 and a consent solicitation to amend the related noted and indentures.
Dobson said it was interested in acquiring all of the outstanding notes, and that the consent solicitation would allow it to align terms of the notes with its existing 8.375 percent first priority senior secure notes due 2011 and provide for resale of tendered notes.
The solicitation is scheduled to expire on May 19, while the tender offer is set to expire on June 5.
Dobson’s stock was trading down slightly early Tuesday at $9.14 per share.
