Printer Friendly

SPRINT TO REDEEM SELECTED DEBENTURES

 KANSAS CITY, Mo., April 5 /PRNewswire/ -- Sprint (NYSE: FON) today announced it has notified Bankers Trust Company of New York, the Trustee of Sprint's Zero Coupon Exchangeable Subordinated Debentures due 2006, that it has elected to redeem those debentures on May 13, 1993.
 The debentures will be redeemed at a price of $367.84 per $1,000 principal amount, which includes the original issue discount accrued from Feb. 13, 1993, to the redemption date. The debentures were issued on Feb. 13, 1991, and were originally due Feb. 13, 2006. A notice will be mailed to the holders of the debentures in approximately one week.
 Prior to the close of business on the redemption date, the debentures may be exchanged for common shares of the Southern New England Telecommunications Corporation at the rate of 8.358 shares for each $1,000 in principal, subject to Sprint's right to pay cash equal to a five-day average of the closing price of Southern New England Telecommunications Corporation's common shares.
 Sprint is a diversified international telecommunications company with more than $10 billion in annual revenues and the United States' only nationwide all-digital, fiber-optic network. Its divisions provide global long distance voice, data and video products and services, local telephone services to nearly 5.9 million subscriber lines in 19 states, and cellular operations that serve 42 metropolitan markets and more than 50 rural service areas.
 -0- 4/5/93
 /CONTACT: Bill White of Sprint, 913-624-2226 or, after hours, 913- 681-9099/
 (FON)


CO: Sprint ST: Missouri IN: TLS SU:

TW-MH -- DC017 -- 3157 04/05/93 15:52 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 5, 1993
Words:263
Previous Article:FANNIE MAE REPORTS POSTED YIELDS FOR APRIL 2
Next Article:POSTAL SERVICE OFFERS ASSISTANCE TO LAST-MINUTE INCOME TAX FILERS ON THURSDAY, APRIL 15
Topics:


Related Articles
HALLIBURTON TO REDEEM $33.25 MILLION OF 10.20 PERCENT SINKING FUND DEBENTURES
SPRINT CALLS 9.40 PERCENT DEBENTURES
HALLIBURTON TO REDEEM $33.25 MILLION OF 10.20 PERCENT SINKING FUND DEBENTURES
VOLT INFORMATION SCIENCES, INC. CALLS FOR REDEMPTION OF DEBENTURES
CHRYSLER TO REDEEM DEBT
CSX TO REDEEM $100 MILLION OF DEBT
ICN SUCCESSFULLY COMPLETES $115 MILLION DEBT OFFERING
ICN PHARMACEUTICALS CONTINUES TO REDUCE DEBT - ANNOUNCES REDEMPTION OF AN ADDITIONAL $10 MILLION OF ITS 12 7 8 PERCENT SINKING FUND DEBENTURES
COASTAL TO CALL 11-3/4% DEBENTURES
Malan Realty Investors Announces Partial Redemption Call For $10 Million Of 9.5% Convertible Subordinated Debentures.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters