NEW CANAAN, Conn.-Centennial Cellular Corp. announced an offer to purchase for cash all $250 million principal amount of its 8.875-percent senior notes due 2001 and $100 million principal amount of its 10.125-percent senior notes due 2005.
The offer was made in connection with the proposed merger of Centennial with CCW Acquisition Corp. of Delaware, organized at the direction of Welsh, Carson, Anderson & Stowe VIII L.P., said Centennial.
The tender offers are expected to remain open until 5 p.m. EST, Oct. 14, unless extended. Centennial also is soliciting consents from noteholders to approve certain amendments to the indentures that would eliminate or modify essentially all of the covenants in the indenture governing each series of notes.
