Alltel Subsidiary, Western Wireless LLC, Announces Preliminary Results of Tender Offer and Consent Solicitation for its 9.250 pe
August 12 2005 - 8:59AM
Business Wire
Western Wireless LLC announced the results to date of its
previously announced tender offer for any and all of its
outstanding 9.250 percent Senior Notes due 2013 (the "Notes"), as
well as its related consent solicitation. As of 5 p.m. EDT, on
Thursday, Aug. 11, 2005 (the "Consent Date"), the last day and time
for holders to deliver their Notes pursuant to the tender offer and
be eligible to receive the Total Consideration including the
Consent Fee, holders of approximately $581,977,000 in aggregate
principal amount of Notes had tendered their Notes pursuant to the
tender offer and delivered their consents pursuant to the consent
solicitation. This participation represents approximately 97
percent of the total principal amount of Notes outstanding. Notes
tendered prior to the Consent Date may no longer be withdrawn and
consents delivered prior to the Consent date may no longer be
revoked. Western Wireless also announced that it has received the
requisite consents to adopt the proposed amendments pursuant to the
consent solicitation. As a result, Western Wireless and the
indenture trustee are executing a supplemental indenture in respect
of such amendments. Holders who validly tendered their Notes by the
Consent Date will be eligible to receive the Total Consideration
offered in the tender offer and consent solicitation. Holders who
validly tender their Notes after the Consent Date, and on or prior
to midnight, EDT, Aug. 26, 2005 (the "Expiration Date"), will be
eligible to receive the Total Consideration less the consent fee of
$45.00 per $1,000 principal amount, namely the Tender Offer
Consideration. Notes validly tendered prior to the Consent Date
will have a settlement date of Aug. 15, 2005. Notes validly
tendered after the Consent Date and on or prior to the Expiration
Date will have a settlement date one business day following the
expiration of the tender offer. In either case, holders whose Notes
are purchased will be paid accrued and unpaid interest up to, but
not including, the applicable settlement date. Barclays Capital and
JPMorgan are the Dealer Managers for the tender offer and the
consent solicitation. Barclays Capital can be contacted at (866)
307-8991 (toll free) or by calling collect at (212) 412-4072.
JPMorgan can be contacted at (866) 834-4666 (toll free) or by
calling collect at (212) 834-4388. Georgeson Shareholder
Communications, Inc. is the Information Agent for the tender offer
and the consent solicitation and can be contacted at (866) 357-4027
(toll free). About Western Wireless LLC Western Wireless LLC, a
wholly-owned subsidiary of Alltel Corporation, serves over 1.5
million subscribers in 19 western states under the Cellular One(R)
and Western Wireless(R) brand names. Western Wireless LLC, through
its subsidiary, Western Wireless International Corporation,
currently serves over 1.9 million customers in six international
markets, and owns a minority interest in a seventh market. This
communication is for informational purposes only. It is not
intended as an official confirmation of any transaction or as an
offer or solicitation for the purchase or sale of any financial
instrument, which may be made only pursuant to the terms of Offer
to Purchase and Consent Solicitation Statement. Any comments or
statements made herein do not necessarily reflect those of Barclays
Capital, JPMorgan, Georgeson Shareholder Communications, Inc. or
their respective subsidiaries and affiliates. Alltel, NYSE: AT
www.alltel.com
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