U.S. Cellular Announces Redemption of 7.5% Senior Notes

United States Cellular Corporation USM today announced that it will redeem all of its outstanding 7.5 percent Senior Notes due 2034 UZV. The $330 million aggregate principal amount of outstanding notes will be redeemed June 20, 2011, at a redemption price of 100 percent of the principal amount ($25.00), together with accrued and unpaid interest to the redemption date. The final regularly scheduled interest payment will be made on June 15, 2011. Accrued interest in the aggregate of approximately $344,000 will be paid for the period from June 15, 2011 to June 20, 2011 as part of the redemption on June 20, 2011. As a result, the aggregate redemption amount of principal and accrued interest will be approximately $330.3 million.