Pegasus Satellite Communications, a subsidiary of Bala Cynwyd, Pa.-based Pegasus Communications [Nasdaq: PGTV], intends to offer $100 million in aggregate principal amount of 11 1/4 percent senior notes due in 2010. The senior notes will be offered to qualified institutional buyers. Pegasus plans to use the proceeds of the offering to “consummate the cash tender offer of up to $100 million aggregate principal amount of specified series of outstanding debt securities maturing in 2005 through 2007,” the company said.
Pegasus Offers $100M in Senior Notes
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