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Technology Stocks : Winstar Comm. (WCII)

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To: Alejandro who wrote (944)	3/13/1997 11:08:00 AM
From: Ross Abrams	of 12468

Here's the full story: WinStar (WCII.O) sells $300 mln in junk bonds NEW YORK, March 13 (Reuter) - The following two-part 144a high-yield corporate bond offering from WinStar Communications Inc was priced on Thursday morning via lead manager Credit Suisse First Boston, according to market sources. WinStar is a competitive local exchange carrier that provides local, long distance and Internet access services to small- and medium-sized businesses using wireless technology. BORROWER WINSTAR COMMUNICATIONS INC AMT $100 MLN COUPON 14.5 PCT MATURITY 10/15/05 TYPE SNR DEF INT NTS ISS PRICE 100 FIRST PAY DATE 4/15/01 LAST MOODY'S NR YIELD 14.5 PCT PAY FREQ SEMI-ANNUAL AFTER 4/15/01 LAST S&P CCC-PLUS SPREAD 782 BPS CALLABLE NON-CALL FOR THREE YEARS BORROWER WINSTAR EQUIPMENT CORP AMT $200 MLN COUPON 12.5 PCT MATURITY 3/15/04 TYPE GRT SNR SEC NTS ISS PRICE 100 FIRST PAY DATE 9/15/97 LAST MOODY'S NR YIELD 12.5 PCT PAY FREQ SEMIT-ANNUAL LAST S&P CCC-PLUS SPREAD 590 BPS CALLABLE NON-CALLABE FOR FIVE YEARS ((--U.S. Corporate Bond Unit, 212 859-1662)) REUTER

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