Arch Wireless Redeems $20 Million of 12% Notes
30 Abril 2004 - 2:00PM
PR Newswire (US)
Arch Wireless Redeems $20 Million of 12% Notes WESTBOROUGH, Mass.,
April 30 /PRNewswire-FirstCall/ -- Arch Wireless, Inc. , a leading
wireless messaging and mobile information company, today announced
that its wholly owned subsidiary, Arch Wireless Holdings, Inc.
("AWHI"), has completed the optional redemption of $20 million
compounded value of 12% Subordinated Secured Compounding Notes due
2009. Under terms of the 12% Notes indenture, holders of record as
of April 14, 2004 received cash distributions in connection with
the April 30 redemption. With completion of today's $20 million
redemption, AWHI has outstanding $20 million in aggregate
compounded value of 12% Notes. As previously announced, AWHI
intends to redeem the remaining $20 million in aggregate compounded
value of the 12% Notes on May 28, 2004 to holders of record as of
May 13, 2004. Upon completion of the optional redemption on May 28,
2004, AWHI will have fully redeemed its 12% Notes issued on May 29,
2002 and have no long-term debt outstanding. The 12% Notes trade in
the over-the- counter market with the CUSIP number 039392-AB-1.
Arch Wireless, Inc., headquartered in Westborough, Mass., is a
leading wireless messaging and mobile information company with
operations throughout the United States. The company offers a full
range of wireless messaging services to business and consumers
nationwide, including paging, two-way wireless e-mail and messaging
and mobile data solutions for the enterprise. Arch provides
wireless services to customers in all 50 states, the District of
Columbia, Puerto Rico, Canada, Mexico and in the Caribbean
principally through its nationwide sales force, as well as through
resellers, retailers and other strategic partners. Additional
information on Arch Wireless is available on the Internet at
http://www.arch.com/. Contact: Bob Lougee 508-435-6117 DATASOURCE:
Arch Wireless, Inc. CONTACT: Bob Lougee for Arch Wireless, Inc.,
+1-508-435-6117 Web site: http://www.arch.com/
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