CARY, N.C.—SpectraSite Holdings Inc. late Wednesday amended offers to purchase a portion of its outstanding senior notes to reduce the minimum tender condition by half, to $150 million.
The company was previously required to receive tenders for notes with a minimum aggregate purchase price of $300 million. The news caused the company’s stocks to plummet to less than 20 cents per share on Thursday morning.
Mid-morning Friday, shares of SpectraSite were trading at 23 cents per share.
