AirGate PCS, Inc. Announces Redemption of Remaining Outstanding 13.5% Senior Subordinated Discount Notes due 2009.ATLANTA -- AirGate PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , Inc. (Nasdaq: PCSA PCSA Primary Care Service Area PCSA Personal Computing Systems Architecture PCSA Power Crane and Shovel Association PCSA Peel Committee on Sexual Assault (Canada) PCSA Presbyterian Church of Southern Africa ), a PCS Affiliate of Sprint, today announced that it has called for redemption all of its remaining outstanding 13.5% Senior Subordinated Discount Notes due 2009 (the "13.5% Notes"). The redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. for the 13.5% Notes is December 9, 2004. The redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. will be equal to 106.75% of the principal amount outstanding, plus accrued and unpaid interest. On or prior to the redemption date, the redemption price will be deposited with the trustee under the indenture governing the 13.5% Notes. Consequently, interest shall cease to accrue on the 13.5% Notes on the redemption date. About AirGate PCS AirGate PCS, Inc. is the PCS Affiliate of Sprint with the right to sell wireless mobility communications network products and services under the Sprint brand in territories within three states located in the Southeastern United States. The territories include over 7.4 million residents in key markets such as Charleston, Columbia, and Greenville-Spartanburg, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ; Augusta and Savannah, Georgia; and Asheville, Wilmington and the Outer Banks of North Carolina. |
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