Metrocall Inc. said it exchanged 1.5 million shares of common stock for $19.5 million in senior subordinated debt notes after the close of its exchange offer April 14.
CenturyTel Inc. filed a shelf registration statement with the Securities and Exchange Commission, registering $2 billion of senior unsecured debt securities, preferred stock, common stock and warrants. The company said net proceeds from an offering will be used to finance acquisitions, refinance outstanding indebtedness or for other corporate purposes.
Cellular antenna systems provider Metawave Communications Corp. announced the initial public offering of 6.25 million shares of its common stock at a price of $9 per share began trading on the Nasdaq last week. Proceeds from the offering, underwritten by Merrill Lynch & Co., Salomon Smith Barney and U.S. Bancorp Piper Jaffray, will be used for general corporate purposes, Metawave said.
Nextlink Communications Inc. declared a regular quarterly dividend on its 14-percent senior exchangeable redeemable preferred stock, the company announced. The dividend is payable in additional shares of preferred stock at a rate of 0.035 shares per each share owned with fractional shares paid in cash. The dividend is payable May 1 to shareholders of record April 15, Nextlink said.
Wireless Facilities Inc. reported record revenues of $43.3 million and earnings of $5.8 million for its first quarter ended March 31. Revenues increased 188 percent from revenues of $15 million reported for the first quarter of 1999. Net income growth was up 267 percent from $1.6 million in 1999. Earnings per share grew from 5 cents per share in the first quarter of 1999 to 12 cents per share the first quarter of this year. During the quarter, WFI, a wireless telecommunications network design, deployment and management company, acquired The Walter Group and a network operations center in Texas from L.M. Ericsson.
Aether Systems Inc. reported a first-quarter net loss of $33.2 million, or $1.13 per share, compared with a net loss of $1.4 million, or 7 cents per share, for the first quarter last year. Revenues, however, increased to $5.4 million, from $340,000 in the same period last year.
