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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
NII repurchases all $318.7 million 2.75% convertibles in third quarter
By Melissa Kory
Cleveland, Feb. 24 - NII Holdings, Inc.'s holders exercised a put option for $182.4 million of its 2.75% convertible notes during the third quarter of 2010, according to a 10-K filed with the Securities and Exchange Commission.
NII redeemed the remaining $136.3 million of the convertibles outstanding in the third quarter.
In the second quarter, the company repurchased $31.4 million of the notes.
Based in Reston, Va., NII is a wireless communications company.
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