SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Making Money is Main Objective
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Softechie who started this subject7/6/2001 11:20:03 PM
From: Softechie   of 2155
 
XO Commun Says Securities Trade At 'Substantial Discount'06 Jul 18:44
WASHINGTON (Dow Jones)--Citing low market values, XO Communications Inc.
(XOXO) said it may purchase its outstanding senior notes, subordinated notes
and preferred stock from time to time to reduce future cash interest, preferred
dividend payments and amounts due at maturity or mandatory redemption.
"The company is aware that its outstanding senior notes, subordinated notes
and preferred stock are currently trading at substantial discounts to their
respective face amounts," XO Communications said in a Form 8-K filed Friday
with the Securities and Exchange Commission.
The provider of broadband communications services said it will evaluate any
potential securities purchases in light of market conditions and its liquidity
and prospects for future access to capital.
XO Communications, McLean, Va., said it may purchase the securities for cash,
common stock or a combination in open market or privately negotiated
transactions.
In the secondary high-yield bond market Friday, XO Communications 10.5% notes
due 2009 were unchanged at 31.50.
-Robert L. Grant, Dow Jones Newswires; 202-393-7851;robert.grant@dowjones.com
(END) DOW JONES NEWS 07-06-01 06:44 PM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News