YOU ARE AT:Archived ArticlesINTERCEL WILL OFFER $300M IN NOTES

INTERCEL WILL OFFER $300M IN NOTES

WEST POINT, Ga.-InterCel Inc. announced an offer of $300 million of senior notes due 2007.

Proceeds from the sale of the notes will be used to finance certain development, construction and operating costs associated with InterCel’s personal communications services system and to finance the first six interest payments on the notes.

InterCel provides PCS under the Powertel brand name. The company has licenses to provide service in 12 states covering a population of 24 million people.

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