GCI, Inc. Receives Required Consents to Amend Indenture in Connection With Consent Solicitation and Tender Offer for Its 7.25% Senior Notes Due 2014

General Communication, Inc. GNCMA announced today that its wholly owned subsidiary, GCI, received tenders and consents from the holders of $287,191,000, or approximately 89.75%, of its $320,000,000 outstanding principal amount of 7.25% Senior Notes due 2014 by the expiration of the consent payment deadline, 5:00 P.M., New York City time, on May 20, 2011. The consents received exceeded the number needed to approve certain proposed amendments to the indenture governing the Notes. The terms of the tender offer and consent solicitation for the Notes are described in GCI's Offer to Purchase and Consent Solicitation Statement dated May 9, 2011, copies of which may be obtained from D.F. King & Co., Inc.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsIntegrated Telecommunication ServicesTelecommunication Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!