Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Teegir who wrote (894)	3/7/1997 2:54:00 PM
From: Ross Abrams	of 12468

US high-yield issues dichotomized,telecoms =3 Market sources were also speculating that WinStar Communications Inc (WCII.O) may have to alter a $450 million three-part junk bond offering that is expected to price next week due to market conditions. WinStar is a competitive local exchange carrier specializing in wireless services. The 144a deal currently consists of $100 million in senior discount notes, $150 million in senior subordinated discount notes and $200 million in senior secured notes, market sources said. One analyst suggested the company may have to reduce the amount of the zero coupon segment of the offering in light of slack investor demand for these securities. A WinStar spokeswoman declined to comment on the offering. ((--Douglas Brown, 212-859-1662)) REUTER

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