ALEXANDRIA, Va.-Metrocall Inc. announced a proposed private offering of $150 million in senior subordinated notes.
The notes will have a maturity of 2007 and will be offered only to “qualified institutional buyers,” other institutional “accredited investors and outside the United States in compliance with Regulation S under the Securities Act.
Metrocall intends to use the new proceeds of the proposed offering to repay outstanding senior secured bank debt.
