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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: DubM who wrote (11870)	3/23/2000 5:21:00 PM
From: silicon warrior	Read Replies (1) \| Respond to of 12468

News on Debt Sale: In the high-yield sector, where prices fell one point on Thursday, Winstar Communications Inc. (NasdaqNM:WCII - news), a New York-based telecommunications company, plans to privately sell about $2.0 billion of debt as soon as Thursday, sources said. Winstar's sale is expected to include the following: -- $300 million of eight-year senior notes yielding about 11.25 percent; -- $1.0 billion plus 250 million euros ($240 million) of 10-year senior notes yielding about 11.75 percent, and -- $450 million (proceeds) of 10-year senior discount notes yielding to maturity about 200 basis points more than the 10-year notes. Credit Suisse First Boston and Salomon Smith Barney lead the private sale, sources said. Moody's rates the notes B3, while S&P rates them B-minus. Winstar is a competitive exchange carrier that provides wireless communication services to small- and medium-size businesses and expects to serve 50 U.S. and 10 foreign markets within a couple of years.