OKLAHOMA CITY, Dec. 3, 2003 (PRIMEZONE) -- American Cellular Corporation today announced that it had commenced an offer to exchange (the "Offer") up to $900 million principal amount of its 10% Senior Notes due 2011 that were issued on August 8, 2003 in a private placement under Securities Act Rule 144A (the "old notes") for a like principal amount of its 10% Senior Notes due 2011 that have been registered under the Securities Act of 1933 (the "new notes"). The new notes will be issued as additional notes of the same series under the same indenture as the old notes.
The Offer will expire at 12:00 midnight, Eastern Standard Time, on December 30, 2003, unless extended. The Offer is subject to certain customary conditions. However, the Offer will not be subject to a minimum tender condition.
The Offer is being made pursuant to a prospectus that is part of a Registration Statement filed by the Company with the Securities and Exchange Commission, which was declared effective on December 1, 2003. Copies of the prospectus may be obtained from the Exchange Agent for the Offer, Bank of Oklahoma, N.A. (405) 936-3971.
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 these securities 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.
American Cellular is a wholly owned, indirect subsidiary of Dobson Communications Corporation (Nasdaq: DCEL).