OKLAHOMA CITY-Dobson Communications Corp. said nearly 46,000 shares of its 12.25-percent senior exchangeable preferred stock were tendered during its recent consent solicitation that expired Aug. 19. In addition, 192,663 shares of its 13-percent senior exchangeable preferred stock were tendered.
Dobson said that of the shares tendered, it accepted 32,327 shares of 12.25-percent senior exchangeable preferred stock and 135,029 shares of 13-percent senior exchangeable preferred stock. The final proration factors are about 70.48 percent for the 12.25-percent stock and 70.07 percent for the 13-percent stock. The total cash consideration is expected to be about $50.2 million.
