Alltel Announces Preliminary Results of Its Offers to Purchase up to $1 Billion of Its Outstanding Debt.LITTLE ROCK, Ark. -- Alltel Corporation (NYSE NYSE See: New York Stock Exchange :AT) today announced that, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. information provided by Global Bondholder Services Corporation, the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. and information agent for its previously announced tender offers for up to $1.0 billion aggregate principal amount of certain of its outstanding debt securities, the following amount of notes have been tendered as of 5:00 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. 11, 2006:
Acceptance Principal
Title of Security Priority Amount
CUSIP No. Level Tendered
----------------------- -------------- ----------------
Alltel Corporation
4.656% Notes
due 2007 1 $ 664,209,000
020039DF7
Alltel
Communications, Inc.
6.65% Notes
due 2008 2 $ 60,936,000
885571AE9
Alltel
Communications, Inc.
7.60% Notes
due 2009 3 $ 144,860,000
885571AD1
Alltel Ohio Limited
Partnership
8.00% Notes
due 2010 4 $ 242,725,000
02003XAA8 ----------------
$1,112,730,000
Because the aggregate principal amount of Notes tendered exceeds the $1.0 billion tender cap, the 8.00% Notes due 2010 will, if accepted for purchase, be subject to proration Proration A situation during a corporate action in which the available cash or shares are not sufficient to satisfy the offers tendered by shareholders. Therefore, a proportion of both cash and shares is granted for each offer tendered. as described in the Offer to Purchase depending on the aggregate principal amount of Notes validly tendered and not withdrawn prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the tender offer. The expiration date is currently 11:59 p.m., New York City time, on Aug. 25, 2006. Notes tendered but not accepted will be promptly returned to the tendering parties following the expiration of the tender offers. The full terms and conditions of the tender offers are set forth in the Offer to Purchase dated July 31, 2006, which was mailed to the holders of the notes. For additional information regarding the terms of the tender offers, please contact: J.P. Morgan 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 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 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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