NII Holdings Announces Proposed Offering of Senior Notes
RESTON, Va., Feb. 5, 2013
RESTON, Va., Feb. 5, 2013 /PRNewswire/ --NII Holdings, Inc. (NASDAQ: NIHD)
today announced its intention to offer, through its wholly owned subsidiary
NII International Telecom S.C.A., approximately $400 million principal amount
of senior notes due 2019 to qualified institutional buyers pursuant to Rule
144A under the Securities Act of 1933, as amended (the "Securities Act"), and
in offshore transactions pursuant to Regulation S under the Securities Act.
The notes will be issued by NII International Telecom S.C.A., a partnership
limited by shares organized and established under the laws of Luxembourg, and
guaranteed by NII Holdings.
(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )
NII intends to use the net proceeds from the notes offering for general
corporate purposes, which may include, without limitation, expansion of its
existing network, either through capital expenditures for organic growth or
acquisitions of other operators; the acquisition of telecommunications
spectrum licenses or other assets; the deployment of new network technologies;
the refinancing, repayment or repurchase of outstanding indebtedness; or other
The notes being offered have not been registered under the Securities Act or
any state securities laws and may not be offered or sold in the United States
absent registration under, or an applicable exemption from, the registration
requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be
unlawful. This press release is being issued pursuant to and in accordance
with Rule 135c under the Securities Act.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements can be
identified by the use of forward-looking terminology, including "may,"
"believe," "will," "expect," "anticipate," "estimate," "plan," "intend," and
"forecast," or other similar words. Statements contained in this press
release are based upon information presently available to us and assumptions
that we believe to be reasonable. We are not assuming any duty to update this
information should those facts change or should we no longer believe the
assumptions to be reasonable. These statements are subject to risks and
uncertainties, including without limitation, general market conditions, the
market for the company's securities, the performance of the company's business
and other risks detailed from time-to-time in the company's filings with the
Securities and Exchange Commission. There is no assurance that NII Holdings,
Inc. will offer the notes or on what terms.
NII Holdings, Inc.
1875 Explorer Street, Suite 1000
Reston, VA. 20190
Investor Relations: Tim Perrott
Media Relations: Claudia Restrepo
SOURCE NII Holdings, Inc.
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