Expiration of Offer to Purchase Outstanding Notes.LUBBOCK, Texas “Lubbock” redirects here. For other uses, see Lubbock (disambiguation). Lubbock is the 10th-largest city in the state of Texas.[1] Located in the northwestern part of the state—a region known historically as the Llano Estacado -- 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., a wholly-owned subsidiary of Sprint Nextel Sprint Nextel Corporation (NYSE: S) is one of the largest telecommunications companies in the world. With 55 million subscribers, Sprint Nextel operates the third largest wireless telecommunications network in the United States (based on total wireless customers), behind Corp. (NYSE NYSE See: New York Stock Exchange :S), today announced that the offer to purchase its outstanding 9 3/8% Senior Subordinated Secured Notes due 2009 (the "2009 Notes") and First Priority Senior Secured Floating Rate Notes due 2011 (the "Floating Rate Notes") expired at 5:00 p.m. EST on March 16, 2006 in accordance with the terms and conditions set forth in the Notice of Change of Control and Offer to Purchase Notes Statement, dated Feb. 15, 2006. An aggregate principal amount of $180,300 of 2009 Notes was tendered. No Floating Rate Notes were tendered. On March 22, 2006, the Company accepted for payment all validly tendered notes and made payment to the trustee for the 2009 Notes in the amount of $101 per $100 principal amount of 2009 Notes, or a total consideration of approximately $185,906, which includes accrued and unpaid interest. About Sprint Nextel Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. . For more information, visit www.sprint.com/mr. |
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