OKLAHOMA CITY—Dobson Communications Corp. said it has successfully completed and closed its offer to exchange up to $250 million principal amount of the 8.375 percent first priority senior secured notes due 2011, $250 million principal amount of the first priority senior secured floating rate notes due 2011 and $325 million principal amount of the 9.875 percent second priority senior secured notes due 2012 for like notes registered under the Securities Act of 1933. Dobson’s subsidiary Dobson Cellular Systems Inc. initially issued the notes in a private placement on Nov. 8, 2004.
Dobson said it received tenders of approximately 99.6 percent of the 8.375 percent notes representing $249 million of the outstanding aggregate principal; 100 percent of the outstanding aggregate principal amount of the first priority senior secured floating rate notes; and 100 percent of the outstanding aggregate principal amount of the 9.875 percent notes.
Dobson’s stock was trading up 8 cents per share early Wednesday at $4.40 per share.
