NII Holdings Announces Pricing Of Senior Notes Offering
RESTON, Va., May 16, 2013
RESTON, Va., May 16, 2013 /PRNewswire/ -- NII Holdings, Inc. (NASDAQ: NIHD)
today announced the pricing of the offering, through its wholly owned
subsidiary NII International Telecom S.C.A., of $700 million principal amount
of 7.875% Senior Notes due August 15, 2019. The issue price is 100% of the
principal amount of the notes. The size of the offering was increased from
the previously announced $500 million to $700 million. The notes were offered
in a private placement pursuant to Rule144A and Regulation S under the
Securities Act of 1933, as amended. The sale of the notes is expected to
close on or about May 23, 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 NII Holdings.
(Logo: http://photos.prnewswire.com/prnh/20110919/FL70458LOGO )
NII intends to use the net proceeds from the notes offering to fund the
payment in full of its Mexico bank loan and one of its Brazil bank loans, and
the remaining net proceeds to repay or repurchase other Brazil loans that are
immaterial in amount.
The notes have not been registered under the Securities Act of 1933, as
amended, 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 of 1933, as amended, 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
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 complete the sale of the notes.
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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