WAYNESBORO, Va., Nov. 21, 2013 /PRNewswire/ -- NTELOS Holdings Corp. (the "Company," NASDAQ: NTLS), a leading regional provider of nationwide wireless voice and data communications, announced today a secondary offering of 1,500,000 shares of its common stock by investment funds affiliated with Quadrangle Capital Partners L.P. ("Quadrangle"). All of the shares of common stock are being offered by Quadrangle.
The Company will not receive any proceeds from the offering.
UBS Investment Bank is acting as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the NASDAQ Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
Following the offering, Quadrangle will continue to beneficially own an aggregate of approximately 4,180,837 shares, or approximately 19.4% in the aggregate, of the Company's outstanding common stock after giving effect to the offering.The offering is being made only by means of a prospectus supplement and accompanying prospectus. Copies of the final prospectus supplement (when available) and the accompanying prospectus may be obtained by contacting UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Department, telephone: (888) 827-7275. A registration statement (including a prospectus) relating to the offering of the common stock has previously been filed with the Securities and Exchange Commission and has become effective. Before investing, you should read the prospectus and other documents filed with the Securities and Exchange Commission for information about the Company. This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.