Nextel Files To Swap $1.13 Bln 9.75% Sr Disc Notes
Federal Filings via Dow Jones
Form S-4 333-41747 SEC RECEIVED: 12/09/97
ISSUER: NEXTEL COMMUNICATIONS INC.
SYMBOL: NXTL
UNDERWRITER: Morgan Stanley, Chase Securities, J.P. Morgan, NationsBanc
Montgomery, TD Securities and Credit Suisse First Boston
OFFERING: Up to $1,129.1 million of 9.75% senior serial redeemable
discount notes due 2007.
NARRATIVE DESCRIPTION
WASHINGTON (FFBN) -- Nextel Communications Inc. has filed to
exchange up to $1,129.1 million of publicly tradeable 9.75% senior
serial redeemable discount notes due 2007 for all outstanding 9.75%
senior serial redeemable discount notes due 2007.
Net proceeds from the original note offering were $682 million.
The company plans to use the funds for general corporate purposes,
including either refinancing outstanding debt or refinancing a portion
of the cost of implementing a business plan that otherwise would have
been funded by borrowings under a credit facility.
The original notes were sold on Oct. 22 in a private placement
through Morgan Stanley & Co., Chase Securities Inc., J.P. Morgan
Securities Inc., NationsBanc Montgomery Securities, Inc., TD Securities
(USA) Inc., and Credit Suisse First Boston Corp.
Harris Trust and Savings Bank is serving as the exchange agent
and trustee for the notes. |
