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Dec. 5, 2011 /PRNewswire/ --
NII Holdings, Inc. [NASDAQ: NIHD] today announced the pricing of the offering, through its wholly owned subsidiary NII Capital Corp., of
$700 million principal amount of 7.625% Senior Notes due 2021. The issue price to the public is 98.5% of the principal amount of the notes. The sale of the Notes is expected to close on or about
December 8, 2011. The notes will be issued by NII Capital Corp. and guaranteed by NII Holdings and certain of NII Holdings' other
United States subsidiaries. The notes are an additional issuance of, will be fully fungible with, rank equally with and form a single series with the
$750 million of our 7.625% Senior Notes due 2021 initially issued on
March 29, 2011.
Deutsche Bank Securities Inc., Credit Suisse Securities (
USA) LLC, Goldman, Sachs & Co., and J.P. Morgan Securities LLC are acting as joint book-running managers for the notes offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. A registration statement on Form S-3, File No. 333-178312, relating to the notes has been filed with the Securities and Exchange Commission ("SEC") and became effective upon filing. The offering will be made only by means of a prospectus. A copy of the prospectus for the offering may be obtained from the SEC's website at
www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus upon request to Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One,
Jersey City, NJ 07311, by calling 800-503-4611 or by e-mail to
About NII Holdings, Inc.
NII Holdings, Inc., a publicly held company based in
Reston, Va., is a provider of differentiated mobile communications for business customers in
Latin America. NII Holdings has operations in
Chile, offering a fully integrated wireless communications tool with digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect® and International Direct Connect(SM), a digital two-way radio feature.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The statements in this press release regarding the issuance and sale of the notes, as well as other statements that are not historical facts, are forward-looking statements. The words "estimate," "project," "forecast," "intend," "expect," "believe," "target," "plan," "providing guidance" and similar expressions are intended to identify forward-looking statements. Statements contained in this press release are based upon information presently available to us and assumptions that we believe to be reasonable. We are not assuming any duty to update this information should those facts change or should we no longer believe the assumptions to be reasonable. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's securities, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the SEC. There is no assurance that NII Holdings, Inc. will complete the sale of the notes.