BellSouth Announces Plans to Issue $2 Billion in Debentures
08 Novembre 2004 - 6:31PM
PR Newswire (US)
BellSouth Announces Plans to Issue $2 Billion in Debentures
ATLANTA, Nov. 8 /PRNewswire-FirstCall/ -- BellSouth Corporation
(NYSE:BLS) announced today it is offering $2 billion aggregate
principal amount of three-year floating rate, and eight and 30-year
fixed rate senior notes to be issued pursuant to the company's
shelf registration statement filed with the Securities and Exchange
Commission. Proceeds from the sale of the notes will complete the
long-term debt that BellSouth expects to raise to refinance its
portion of the purchase price for Cingular's acquisition of
AT&T Wireless. JP Morgan, Lehman Brothers, Morgan Stanley and
Goldman Sachs will be acting as Bookrunners. About BellSouth
Corporation BellSouth Corporation is a Fortune 100 communications
company headquartered in Atlanta, Georgia and a parent company of
Cingular Wireless, the nation's largest wireless voice and data
provider. Backed by award winning customer service, BellSouth
offers the most comprehensive and innovative package of voice and
data services available in the market. Through BellSouth
Answers(R), residential and small business customers can bundle
their local and long distance service with dial up and high speed
DSL Internet access, satellite television and Cingular(R) Wireless
service. For businesses, BellSouth provides secure, reliable local
and long distance voice and data networking solutions. BellSouth
also offers online and directory advertising through BellSouth(R)
RealPages.com(R) and The Real Yellow Pages(R). In addition to
historical information, this document may contain forward- looking
statements regarding events and financial trends. Factors that
could affect future results and could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements include: (i) a change in economic
conditions in domestic or international markets where we operate or
have material investments which would affect demand for our
services; (ii) the intensity of competitive activity and its
resulting impact on pricing strategies and new product offerings;
(iii) higher than anticipated cash requirements for investments,
new business initiatives and acquisitions; (iv) unfavorable
regulatory actions; (v) currency devaluations and continued
economic weakness in certain international markets in which we
operate or have material investments; and (vi) those factors
contained in the Company's periodic reports filed with the SEC. The
forward-looking information in this document is given as of this
date only, and, BellSouth assumes no duty to update this
information. More information about BellSouth can be found at
http://www.bellsouth.com/ . DATASOURCE: BellSouth Corporation
CONTACT: LeAnn Hansen Boucher of BellSouth, +1-404-249-2839 Web
site: http://www.bellsouth.com/ Company News On-Call:
http://www.prnewswire.com/comp/095650.html
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