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Prospect News home > News index > List of issuers T > Headlines for Tenders 2006 > News item
Published on 12/8/2006 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

NextWave Wireless to redeem $148.5 million non-recourse secured notes

By Jennifer Chiou

New York, Dec. 8 - NextWave Wireless LLC announced it will redeem its $148.5 million of non-recourse secured notes at 103.5%.

The notes will be redeemed within 30 days.

The notes were issued on April 13, 2005 and the funds for the redemption were originally placed in an escrow account linked to the sale of NextWave Telecom to Verizon Wireless in April 2005.

The San Diego, Calif., provider of broadband wireless and other mobile communications products and services is a wholly owned subsidiary of NextWave Wireless Inc.


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