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5:35 GST USA, Inc. Announces Extension Of Senior Discount Notes
VANCOUVER, Wash.--(BUSINESS WIRE)--June 13, 1996--GST USA, Inc. ("GST USA"),
a wholly-owned subsidiary of GST Telecommunications, Inc. (ASE:GST),
announced today the extension until 5:00 p.m., New York City time Friday, June
14, 1996, unless further extended (the "Expiration Date") of its offer to
exchange $1,000 principal amount at maturity of its 13 7/8 for each $1,000
principal amount at maturity of its outstanding of 13 7/8 Senior Discount
Notes due 2005 (the "Old Notes"), upon the terms and subject to the conditions
set forth in the Offer to Exchange dated May 14, 1996 and the related Letter
of Transmittal (the "Exchange Offer").
GST USA will accept for exchange any and all Old Notes that are validly
tendered and not withdrawn on or prior to 5:00 p.m., New York City time on the
Expiration Date. Old Notes may be tendered only in denominations of $1,000
principal amount at maturity and integral multiples thereof.
Questions may be directed to U.S. Trust Company of New York, the Exchange
Agent of the Exchange Offer, at (212) 852-1671. |
