BellSouth Plan to Redeem Debt
June 23 2004 - 3:01AM
UK Regulatory
RNS Number:0401A
Bellsouth Corp
22 June 2004
For more information contact:
LeAnn Hansen, BellSouth
404-249-2839
BellSouth Announces Plans to Redeem $517 Million in Outstanding Debt
ATLANTA - June 22, 2004 - BellSouth Corporation (as successor by merger to
BellSouth Capital Funding Corporation) (NYSE: BLS), announced today that it will
redeem all of its outstanding $517 Million Forty Year 7-3/8% Quarterly Interest
Bonds, due August 1, 2039, on August 1, 2004. The redemption price will be 100%
of the principal amount. Interest on the Bonds will cease to accrue on and
after the redemption date. Payment of the redemption price will be made upon
presentation and surrender of the unsigned Debentures to The Bank of New York,
the paying agent, as follows:
* If by hand or overnight delivery to:
The Bank of New York
111 Sanders Creek Parkway
East Syracuse, NY 13057
(800) 254-2826
* If by mail to:
The Bank of New York
P. O. Box 396
East Syracuse, NY 13057
(800) 254-2826
BellSouth Corporation has also announced the sale of $700 million of debentures, which will mature on June 15, 2034.
Proceeds from the sale will be used to pay the redemption price of the Quarterly Interest Bonds to be redeemed on August
1, 2004 and to refinance debt that matured earlier this month.
About BellSouth Corporation
BellSouth Corporation is a Fortune 100 communications company headquartered in
Atlanta, Georgia and a parent company of Cingular Wireless, the nation's second
largest wireless voice and data provider.
Backed by award winning customer service, BellSouth offers the most
comprehensive and innovative package of voice and data services available in the
market. Through BellSouth Answerssm, residential and small business customers
can bundle their local and long distance service with dial up and high speed DSL
Internet access, satellite television and Cingular(R) Wireless service. For
businesses, BellSouth provides secure, reliable local and long distance voice
and data networking solutions. BellSouth also offers online and directory
advertising through BellSouth(R) RealPages.comsm and The Real Yellow Pages(R).
More information about BellSouth can be found at www.bellsouth.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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