Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gauguin who wrote (4521)	3/17/1998 2:59:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 12468

adding even more to the war chest, WCII increased one of the two debt issues by $100M. for those keeping score, the original plan (last week's plan) was to raise $500M via a three part offering: $200M of senior subordinated notes, $150M of senior subordinated interest-deferred notes, and $150M of preferred stock. Since then, the amount of preferred stock has grown $50M to $200M and the interest-deferred tranche has grown $100M to $250M. new total: $650M. mark ---- NEW YORK (Dow Jones)--Winstar Communications Inc. (WCII) priced $450 million of senior subordinated notes in two parts in the Rule 144a market via lead manager Credit Suisse First Boston, according to MCM CorporateWatch. Terms for the first tranche, senior subordinated notes, were as follows: Amount: $200 million Maturity: March 15, 2008 Coupon: 10% Issue Price: Par Spread: 448 basis points over Treasurys Settlement: March 20, 1998 (flat) Call Date: Noncallable for five years then at 105, 103.333, 101.667, Par Terms for the second tranche, senior subordinated deferred interest notes, were as follows: Amount: $250 million Maturity: March 15, 2008 Coupon: 11% Issue Price: Par Spread: 548 basis points over Treasurys Settlement: March 20, 1998 (flat) Call Date: Noncallable for five years then at 105.50, 103.667, 101.833, Par (The second tranche includes a 5-year zero coupon that accretes up to 170.62 on March 15, 2003 and was increased from an original $150 million amount.)

To: gauguin who wrote (4521)	3/17/1998 8:17:00 PM
From: SteveG	Read Replies (3) \| Respond to of 12468

<.. contributions on this board..> Many thanks Barbara, but to be fair - most EVERYONE here has been making great contributions, and for a lot longer and through some very challenging times - than I have. I doubt I would've kept the vision through some of those periods. So I thank those many knowledgable and hard chinned contributors here who got ME more tuned into this story. And in my search for a bear story, I was sent the following, which seems to apply more to cell phones and window antennae. (I happen to know that there is a link to potential precancer and cell phones from research that MOT started and then deep-sixed before confirming unwanted results. Of course, this effect can be eleviated by the use of simple phone "cuffs" that are available.) <A> Risk to health of microwave radiations? irish-times.com From the same Dublin source: irish-times.com Happy St. Paddy's day Steve