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Strategies & Market Trends : Three Amigos Stock Thread
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To: Ditchdigger who wrote (16615)9/17/1999 7:59:00 PM
From: Sergio H  Read Replies (1) of 29382
 
DD, All that rain must be good for your business. I would be calling you if you were local. Got a nice, although small waterfall midway up my basemant wall ;-)

TWRS, nice P&F chart. I sent you lots of stuff by PM. The credit problem (debt)I mentioned seems to have been temporarily solved. What's your take on the terms?

<Crown Castle will receive $200 million of proceeds in exchange for 8-1/4% Convertible Preferred Stock with a conversion price of $26.88 and warrants to purchase one million Crown Castle shares at $26.88 per share. The Convertible Preferred Stock will have a term of 12-1/2 years and the warrants will have a term of five years. Dividends on the Convertible Preferred Stock will be payable quarterly in cash and/or common stock. The Convertible Preferred Stock, the warrants and the shares of common stock issuable upon their conversion or exercise, respectively, are subject to a prohibition on resale for two years from the date of closing of the transaction. GE Capital will also have the right to nominate one Crown Castle director.>

BTW, if you like more information on wireless sector, for a small fee ($150) you can obtain a full report on the wireless industry at:
multexinvestor.com

Sergio
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