NII Holdings Announces New Sale Of 11.375% Senior Notes Due 2019
RESTON, Va., April 10, 2013
RESTON, Va., April 10, 2013 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD)
(the "Company") today announced the sale, through its wholly owned subsidiary
NII International Telecom S.C.A., of an additional $150 million principal
amount of its 11.375% senior notes due 2019. The issue price is 107.25% of
the principal amount of the notes plus accrued interest from February 19,
2013. The notes were sold in a private placement pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"). The sale of the
notes is expected to close on or about April 15, 2013. 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 the
Company. The notes are an additional issuance of, will be fully fungible
with, rank equally with and form a single series with the $750 million of
11.375% senior notes due 2019 initially issued on February 19, 2013.
(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )
The Company intends to use the net proceeds from the sale 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 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 the Company and
assumptions that management believes to be reasonable. The Company is not
assuming any duty to update this information should those facts change or
should it 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 the Company will complete the sale of
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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