Leap Wireless Raises Stock Offering To 7 Million
Stock quotes in this article:
LEAP
SAN DIEGO (AP) Prepaid wireless carrier Leap Wireless International Inc. raised the number of shares in a new stock offering to 7 million Thursday.
The announcement comes a day after Leap said it would offer 6.1 million shares. It also said late Wednesday that subsidiary Cricket Communications Inc. will offer $1.1 billion in senior secured notes due in 2016, with the proceeds going toward paying down a secured credit line and general corporate purposes. Leap has been investing heavily as it expands into Chicago and Philadelphia and upgrades equipment, which led to a growing first-quarter loss this year. Leap shares dropped $2.81, or 6.8 percent, to $38.22 in morning trading.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,318.16 | 1,091.38 | 2,146.04 | 33.56 |
Oil *
77.53
|
|
DOWN
14.28
|
DOWN
3.52
|
DOWN
10.78
|
UP
0.07
|
10 Yr
3.36%
SPDR Gold
112.94
|
|
-0.14%
|
-0.32%
|
-0.50%
|
+0.21%
|
Data delayed 20 minutes |
