LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. reported an extension on the expiration date of its previously announced offer for its public indebtedness and the deadline for voting for its prepackaged reorganization plan from Nov. 4 to Nov. 6.
The carrier noted that as of Nov. 4 it had received approximately 94.2 percent of the total outstanding principal amount of the 12.5-percent senior notes due 2011, 96.7 percent of the 13.625-percent senior notes due 2011 and 92.2-percent of the 12.875 percent senior discount notes due 2010 that were part of the offers. The exchange offers have a minimum tender condition of 97 percent of the outstanding principal amount of each series of existing notes.
Alamosa, which has extended the offering three previous times since it was first announced Sept. 12, said if the offer does not meet the 97-percent minimum requirement, the carrier has the option to institute the prepackaged plan that would include a complete restructuring or bankruptcy filing.
