Wireless tower operator SpectraSite, which recently emerged from bankruptcy, has raised $200 million through the sale of senior notes in a private offering.
The company originally planned to raise $150 million.
The notes pay an interest rate of 8.25 percent.
In another move, SpectraSite also made an amendment to a $300 million revolving credit facility which lowered the amount available to $200 million effective Jan. 1 of 2004. The company said the adjustment “loosened” its total leverage commitment.
SpectraSite: www.spectrasite.com
