ARLINGTON, Va.-Omnipoint Corp. announced an offering and pricing of $200 million of 11 5/8 percent Senior Notes due Aug. 15, 2006 in a private placement.
The notes were priced at a premium to yield a 10 3/4 percent effective annual interest rate, the company said. The settlement date is Dec. 2.
The proceeds will be used for working capital and for general corporate purposes, including license payments and buildout of any licenses awarded in the D-, E- and F-Block personal communications services auctions.
