Arch Wireless to redeem remaining 12% notes

New York, April 28 - Arch Wireless Inc. said it will redeem on May 28 the remaining $20 million compounded value of 12% subordinated secured compounding notes due 2009 issued by Arch Wireless Holdings Inc.

Following the redemption Arch Wireless Holdings will have no long-term debt outstanding.

The Westborough, Mass., wireless messaging company has progressively redeemed the notes of which it issued $100 million on May 29, 2002 on completion of its reorganization.

In addition to the call announced Wednesday, a redemption for $20 million is scheduled for April 30.

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