NEXTEL Message Board - Msg: 11826204

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Technology Stocks : NEXTEL

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To: JF Quinnelly who wrote (9468)	11/5/1999 5:45:00 PM
From: Rono	Read Replies (1) of 10227

Looks like Nextel is going shopping. Recent secondary brought in $2.7 billion, todays private placement another $2 billion, plus existing $1.5 billion in cash equals a war chest of over $6 billion. ---------------------------------------------------- Friday November 5, 2:36 pm Eastern Time Nextel Communications sells $2 bln notes NEW YORK, Nov 5 (Reuters) - Nextel Communications Inc. issued $2.0 billion in notes in the 144a private placement market via lead manager Goldman Sachs & Co, dealers said on Friday. Moody's Investors Service rates Nextel's long-term senior unsecured debt B1, and Standard & Poor's rates the company's senior unsecured debt B-minus. BORROWER NEXTEL COMMUNICATIONS INC. AMT $2.O BLN COUPON 9.375 PCT MATURITY 11/5/2009 TYPE NOTES ISS PRICE 99.202 FIRST PAY DATE 5/15/2000 LAST MOODY'S YIELD 9.50 PCT PAY FREQ SEMI-ANNUAL LAST S&P SPREAD +360 BPS CALLABLE N/A

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