(Reuters) - Proceeds from the offering will be used to repay some debts of its principal U.S.-operating subsidiaries SpectraSite Communications LLC and American Towers Inc.
This includes repayment of about $755 million of senior secured credit, and costs and expenses to fund the repurchase of about $325 million of 7.25 percent senior subordinated notes due 2011, the wireless and broadcast communications infrastructure company said in a statement.
Read more at Reuters.com Bonds News
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