Western Wireless greenshoe exercised, raising convertibles to $115 million

New York, June 13 - Western Wireless Corp. said underwriters of its recent sale of convertible subordinated notes due 2023 exercised the $15 million over-allotment option, raising the size of the deal to $115 million.

The Bellevue, Wash. company originally sold $100 million of the convertibles after the close on June 5 to yield 4.625% with a 38% initial conversion premium.

Citigroup was bookrunner of the Rule 144A transaction.

Proceeds will be used for working capital and general corporate purposes.

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