Broadwing Corporation Announces Exercise of Option to Purchase an Additional $30 Million of 20-Year Convertible Debentures
12 Junio 2006 - 5:53PM
Business Wire
Broadwing Corporation (NASDAQ:BWNG) today announced that the
initial purchasers in the private placement of its 3.125%
Convertible Senior Debentures due 2026 exercised their option to
purchase an additional $30.0 million of the debentures. The
exercise of the additional purchase option brings the aggregate
principal amount of debentures sold in this financing to $180.0
million. This press release does not constitute an offer to sell or
the solicitation of an offer to buy any securities. The offering is
being made within the United States only to qualified institutional
buyers. The debentures, the guarantees and the shares of common
stock issuable upon conversion of the debentures being offered have
not been registered under the Securities Act of 1933 or state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements. About Broadwing Corporation Broadwing
Corporation, through its consolidated subsidiary Broadwing
Communications, LLC, delivers innovative data, voice, and media
solutions to enterprises and service providers. Enabled by its
one-of-a-kind, all-optical network and award-winning products and
services, Broadwing Communications provides communications
solutions with unparalleled customer focus and speed. For more
information, visit www.broadwing.com. Broadwing and its logo are
trademarks and/or service marks of Broadwing Communications, LLC,
and/or Broadwing Corporation. All trademarks and service marks not
belonging to Broadwing are the property of their respective owners.
Investor Note Regarding Forward-Looking Statements Statements in
this press release regarding Broadwing Corporation and/or Broadwing
Communications, LLC (collectively "Broadwing"), that are not
statements of historical fact may include forward-looking
statements, and statements regarding Broadwing's beliefs, plans,
expectations or intentions regarding the future are forward-looking
statements, within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. All such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Broadwing's actual results could
differ materially from these statements.
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