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MCI announces allocation of senior notes for between $4.7B and $5.7B, and extends expiration date for election forms
December 19, 2003
ASHBURN, Va. -- MCI (WCOEQ, MCWEQ) today announced that the principal amount of the senior notes the Company will issue on its emergence from bankruptcy will be allocated 35 percent to the three-year notes, 35 percent to the five-year notes and 30 percent to the 10-year notes. The aggregate principal amount of all three series of notes will be between $4,665,000,000 and $5,665,000,000, depending upon the elections made by certain claim holders under the Company's plan of reorganization.
In addition, MCI announced that the expiration date for the delivery of election forms by the holders of claims in classes 5, 11 and 13 of the Company's plan of reorganization is being extended to 4:15 p.m. (Eastern Time) on January 9, 2004. These election forms allow the holders to elect to receive notes and/or common stock of the reorganized Company upon its emergence from bankruptcy. The previous expiration date was 4:00 p.m. (Eastern Time) on December 24, 2003.
MCI
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