April 10, 2013
, Inc. (NASDAQ: NIHD) (the "Company") today announced the sale, through its wholly owned subsidiary NII International Telecom S.C.A., of an additional
principal amount of its 11.375% senior notes due 2019. The issue price is 107.25% of the principal amount of the notes plus accrued interest from
, 2013. The notes were sold in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The sale of the notes is expected to close on or about
, 2013. The notes will be issued by NII International Telecom S.C.A., a partnership limited by shares organized and established under the laws of
, and guaranteed by the Company. The notes are an additional issuance of, will be fully fungible with, rank equally with and form a single series with the
of 11.375% senior notes due 2019 initially issued on
February 19, 2013
The Company intends to use the net proceeds from the sale for general corporate purposes, which may include, without limitation, expansion of its existing network, either through capital expenditures for organic growth or acquisitions of other operators; the acquisition of telecommunications spectrum licenses or other assets; the deployment of new network technologies; the refinancing, repayment or repurchase of outstanding indebtedness; or other purposes.
The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in
the United States
absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.
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. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.