CAWS - Wireless Cable (New and Improved) Message Board

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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: Zorro who wrote (875)	12/9/1996 3:50:00 PM
From: Joseph Moran	of 5812

Zorro, The news release didn't mention what the deal was costing Heartland. "Wednesday December 4 4:07 PM EST Heartland Wireless gets OK for junk deal-sources By Douglas Brown NEW YORK, Dec 4 (Reuter) - Heartland Wireless Communications Inc reached an agreement with its existing bondholders that will allow the company to issue an additional $125 million in high-yield bonds, sources familiar with the situation said on Wednesday. Under the agreement, the company will pay the holders of its $96.01 million in outstanding bonds a fee of about $6 million in exchange for their consent to go ahead with the deal.

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