AirTouch Communications Offers $650 Million of Notes.SAN FRANCISCO--(BUSINESS WIRE)--July 11, 1996--AirTouch Communications (NYSE NYSE See: New York Stock Exchange :ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) today announced a public offering of $250 million of 7.125% notes due July 15, 2001 and $400 million of 7.5% notes due July 15, 2006. The 2001 notes were priced at 99.851 percent to yield 7.161 percent, and the 2006 notes were priced at 99.425 percent to yield 7.583 percent. The notes are being offered through Lehman Brothers, Merrill Lynch & Co., J.P. Morgan & Co., and Salomon Brothers Inc. The company plans to apply the proceeds from the sale of the notes to satisfy the cash component of its acquisition of Cellular Communications Inc. (CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) ) and for general corporate purposes. Pending such uses, the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). will be applied to retire commercial paper. The notes are offered for sale only through a prospectus, a copy of which may be obtained from AirTouch Communications, Investor Relations Investor relations The process by which the corporation communicates with its investors. , One California Street, San Francisco, CA 94111 or from the underwriters. AirTouch Communications is a global wireless communications company, with interests in cellular, paging, personal communications services See PCS. , and the Globalstar satellite system in the United States and 10 other nations: Belgium, Germany, India, Italy, Japan, Poland, Portugal, South Korea, Spain, and Sweden. The company, based in San Francisco, serves nearly 6 million customers worldwide. -0- Note to Editors: For a fax copy of this or other recent AirTouch press releases, please call 1-800-344-7531. CONTACT: AirTouch Communications Susan Rosenberg, 510/210-3910 |
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