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Prospect News home > News index > List of issuers T > Headlines for Tenders 2006 > News item
Published on 5/18/2006 in the Prospect News High Yield Daily.

Global Crossing receives no tenders from holders of 10¾% notes, 11¾% notes

By Jennifer Chiou

New York, May 18 - Global Crossing Ltd.'s wholly owned subsidiary Global Crossing (UK) Finance plc announced it did not obtain tenders in the excess cash tender offer for up to £14.652 million of its 10¾% dollar-denominated senior secured notes due 2014 and its 11¾% sterling-denominated senior secured notes due 2014.

The offer ended at noon ET on May 17.

The company would have paid par plus accrued interest.

The Bank of New York was the tender agent.

Global Crossing is a Hamilton, Bermuda, telecommunications services provider.


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