Arch Wireless Provides Notice of $15 Million Note Redemption
November 26 2003 - 4:01PM
PR Newswire (US)
Arch Wireless Provides Notice of $15 Million Note Redemption
WESTBOROUGH, Mass., Nov. 26 /PRNewswire-FirstCall/ -- Arch
Wireless, Inc. , a leading wireless messaging and mobile
information company, today announced that its wholly owned
subsidiary, Arch Wireless Holdings, Inc. ("AWHI"), has notified The
Bank of New York, as trustee, of its intention to redeem $15
million compounded value of its 12% Subordinated Secured
Compounding Notes due 2009 on December 31, 2003 to holders of
record as of December 16, 2003. Upon completion of the December 31,
2003 optional redemption, AWHI expects to have outstanding $60
million in aggregate compounded value of 12% Notes. The 12% Notes
trade in the over-the-counter market with the CUSIP number
039392-AB-1. Arch Wireless, Inc., headquartered in Westborough,
Mass., is a leading wireless messaging and mobile information
company with operations throughout the United States. The company
offers a full range of wireless messaging services to business and
consumers nationwide, including paging, two-way wireless e-mail and
messaging and mobile data solutions for the enterprise. Arch
provides wireless services to customers in all 50 states, the
District of Columbia, Puerto Rico, Canada, Mexico and in the
Caribbean principally through its nationwide sales force, as well
as through resellers, retailers and other strategic partners.
Additional information on Arch Wireless is available on the
Internet at http://www.arch.com/. Contact: Bob Lougee 508 870-6771
or 508-435-6117 DATASOURCE: Arch Wireless, Inc. CONTACT: Bob Lougee
of Arch, +1-508 870-6771 or +1-508-435-6117 Web site:
http://www.arch.com/
Copyright