Pegasus Satellite Communications Announces $100M Tender Offer
Bala Cynwyd, Pa.-based Pegasus Communications [Nasdaq: PGTV] announced that its satellite TV subsidiary, Pegasus Satellite Communications, is offering to purchase up to $100 million aggregate principal amount of outstanding debt securities maturing in 2005 through 2007.
Holders of notes validly tendered prior to 5 p.m., EST, on Feb. 6 will receive an early participation payment of $30 per $1,000 principal amount of notes. The offer is scheduled to expire at midnight EST Feb. 23. The offer is subject to the satisfaction of certain conditions, including the company obtaining satisfactory financing as well as other general conditions.