Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: MangoBoy who wrote (4418)	3/11/1998 9:53:00 AM
From: MangoBoy	Read Replies (2) of 12468

[Winstar to Raise $500 Million in Institutional Private Placements] NEW YORK--(BUSINESS WIRE)--MARCH 11, 1998--WINSTAR COMMUNICATIONS, INC. (NASDAQ - WCII) announced today that it intends to raise $500 million in Notes and Preferred Stock through Rule 144A institutional private placements. The offerings will be in the form of $200 million of Senior Subordinated Notes, $150 million of Senior Subordinated Deferred Interest Notes and $150 million of Senior Cumulative Convertible Preferred Stock. The Company intends to use the net proceeds of the offerings to expand its telecommunications operations and for general corporate purposes. CONTACT: WinStar Communications, Inc., New York Financial Community: Frank Jepson SVP, Investor Relations 212/584-4021 Press: Beth-Ellen Keyes 212/584-4098

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