OKLAHOMA CITY, March 20, 2006 (PRIMEZONE) -- Dobson Communications Corporation (the Company) (Nasdaq:DCEL) today announced that it successfully completed and closed the offer to exchange (the Offer) up to $150 million aggregate principal amount of its unregistered Senior Floating Rate Notes due 2012 (the Original Notes) that were issued by the Company on September 13, 2005, in a private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act), for like principal amounts of Senior Floating Rate Notes due 2012 which have been registered under the Securities Act (the Exchange Notes). The Offer expired at 12:00 Midnight, New York City time, on March 14, 2006. The Company received tenders of 100% of the Original Notes, representing all of the outstanding aggregate principal amount of $150 million of the Original Notes. The Offer was made pursuant to a prospectus, dated February 10, 2006, that is part of a Registration Statement filed with the Securities and Exchange Commission, which was declared effective on February 10, 2006.
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sales of the Original Notes or the Exchange Notes in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
Dobson Communications is a leading provider of wireless phone services to rural markets in the United States. Headquartered in Oklahoma City, the Company owns wireless operations in 16 states. For additional information on Dobson Communications and its operations, please visit our web site at http://www.dobson.net.