Clearwire (CLWR) Prices $300 Million in First-Priority Senior Secured Notes Due 2016
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Clearwire Corporation (Nasdaq: CLWR) today announced that its operating subsidiary Clearwire Communications LLC ("Clearwire Communications") has priced an offering of $300.0 million aggregate principal amount 14.75% first-priority senior secured notes due 2016 at an issue price of 100% (the "Notes"). The Notes will be the senior secured obligations of the company and will be guaranteed on a first-priority lien basis by certain of the company's domestic subsidiaries. The Notes and the related guarantees will be secured by a first-priority lien by substantially all of Clearwire Communications' and the guarantors' assets.
The Notes will be issued in private offerings that are exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to qualified institutional buyers in accordance with Rule 144A and to persons outside the U.S. pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state or other securities laws.
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The Notes will be issued in private offerings that are exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to qualified institutional buyers in accordance with Rule 144A and to persons outside the U.S. pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state or other securities laws.
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