NEW CANAAN, Conn.-Century Communications Corp. is redeeming the entire principal amount outstanding for its $204 million 11.88 percent senior subordinated debentures maturing 2003. Bank of Montreal Trust Co. is acting as trustee.
The debentures will be redeemed April 15 at a price of 105 percent of the principal amount. Including the 5 percent redemption premium, the aggregate funds required for the redemption will total $214.2 million.
Through its subsidiary, Centennial Cellular Corp., Century operates and invests in cellular telephone systems throughout the United States.
