Alltel Announces Expiration of Its Offers to Purchase up to $1 Billion of Its Outstanding Debt.LITTLE ROCK, Ark. -- Alltel ALLTEL Corporation (NYSE: AT) is an American telecommunications company with headquarters in Little Rock, Arkansas. Alltel provides wireless services to residential and business customers in 35 states. today announced the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created , as of 11:59 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, Aug. 25, 2006, of its previously announced cash tender offers for up to $1.0 billion aggregate principal amount of its outstanding debt securities listed in the table below (the "Notes"). The table below identifies the principal amount of each series of Notes validly tendered and not validly withdrawn in the tender offers and the principal amount that Alltel has accepted for purchase under the terms of the Offer to Purchase.
Title of Acceptance Principal Principal Principal
Security Priority Amount Amount Amount
CUSIP No. Level Outstanding Tendered(1) Accepted
----------------- ---------- ------------- ------------- -------------
Alltel
Corporation
4.656% Notes
due 2007
020039DF7 1 $699,883,000 $664,307,000 $664,307,000
Alltel
Communications,
Inc. 6.65% Notes
due 2008
885571AE9 2 $100,000,000 $61,019,000 $61,019,000
Alltel
Communications,
Inc. 7.60% Notes
due 2009
885571AD1 3 $200,000,000 $147,026,000 $147,026,000
Alltel Ohio
Limited
Partnership
8.00% Notes
due 2010
02003XAA8 4 $425,000,000 $242,725,000 $127,662,000
-----------------
(1) Information provided by Global Bondholder Services Corporation,
the Depositary and Information Agent for the offers
Because the aggregate principal amount of Notes tendered exceeded the $1.0 billion tender cap, Notes will be purchased in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the applicable acceptance priority level and prorated as set forth above and as provided in the Offer to Purchase, dated July 31, 2006. As a result, Alltel will purchase all tendered 4.656% Notes due 2007, all tendered 6.65% Notes due 2008 and all tendered 7.60% Notes due 2009 and approximately 52.6% of the 8.00% Notes due 2010 tendered in the offer. Notes that have been tendered but not purchased will be promptly returned to the tendering parties. For additional information regarding the terms of the tender offers, please contact: J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Securities Inc. at (866) 834-4666 (toll free) or (212) 834-4077 (collect) or Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. at (866) 309-6316 (toll free) or (704) 715-8341 (collect). Requests for documents and questions regarding the tendering of notes may be directed to Global Bondholder Bondholder A firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority. bondholder An individual or institution that owns bonds in a corporation or other organization. Services Corporation at (866) 873-5600 (toll free). Alltel's obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and related Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. . This press release is not an offer to purchase or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of acceptance of the tender offers. Alltel may amend, extend or, subject to certain conditions, terminate the tender offers. About Alltel Alltel is owner and operator of the nation's largest wireless network and has more than 11 million wireless customers. |
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