Centennial debt called; $500 million credit facility also terminated

By Devika Patel

Knoxville, Tenn., Nov. 6 - Centennial Communications Corp.'s $1.4 billion of outstanding long-term debt was called for redemption by AT&T, Inc. on Nov. 6, according to an 8-K filed Friday with the Securities and Exchange Commission.

The future parent of the Wall, N.J., regional wireless and integrated communications services provider has also terminated Centennial's $500 million credit facility.

AT&T is a Dallas-based communications holding company. It plans to acquire Centennial in a $8.50-a-share cash offer.

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