Triton PCS to price $500 million 10-year senior notes Friday via Lehman, Citi, JPMorgan, Merrill

By Paul A. Harris

St. Louis, May 27 - The roadshow began Monday for Triton PCS, Inc. $500 million senior notes due 2013, according to a syndicate source.

The Rule 144A deal is expected to price on Friday, the source added.

Lehman Brothers, Citigroup, JP Morgan and Merrill Lynch & Co. are joint bookrunners on the 10-year non-call-five deal.

Proceeds will be used to finance a tender for the company's $512 million of outstanding 11% senior subordinated discount notes due 2008.

Triton PCS is a Berwyn, Pa.-based owner and operator of wireless networks.

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