EX-99.(A) 2 dex99a.htm PRESS RELEASE DATED DECEMBER 3, 2007 Press Release dated December 3, 2007

Exhibit 99(a)

 

For additional information contact:      Andrew Moreau 501-905-7962
     Vice President – Corporate Communications
     andrew.moreau@alltel.com
     Tim Hicks 501-905-8991
     Director – Investor Relations
     alltel.investor.relations@alltel.com
Release Date:      Dec. 3, 2007

Alltel completes offering of $1 billion aggregate principal amount of 10.375%/11.125% senior unsecured toggle notes due 2017

LITTLE ROCK, Ark.– Alltel Corporation (the “Company”) today announced that its wholly owned subsidiaries, Alltel Communications, Inc. and Alltel Communications Finance, Inc. (the “Issuers”), have completed the previously announced offering of $1.0 billion aggregate principal amount of 10.375%/11.125% senior unsecured toggle notes due 2017 (the “Senior Toggle Notes”). The Senior Toggle Notes were sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Senior Toggle Notes are guaranteed by the Company and each subsidiary (other than the Issuers) that guarantees Alltel Communication’s senior secured credit facilities.

The net proceeds from the sale of the Senior Toggle Notes were used to refinance a portion of the $2.5 billion senior unsecured PIK toggle interim loan facility entered into on Nov. 16, 2007, as part of the financing of the Company’s merger with an affiliate of TPG Capital and GS Capital Partners.

The Senior Toggle Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Senior Toggle Notes or any other security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

Alltel Corporation is owner and operator of the nation’s largest wireless network and has more than 12 million wireless customers.

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