Citizens Communications Company Announces Pricing of Senior Unsecured Notes OfferingSTAMFORD, Conn. --(Business Wire)-- Nov. 8, 2004 -- Citizens Communications Company (NYSE:CZN) (the "Company") announced today that it has priced its offering of $700 million aggregate principal amount of 6 1/4% senior unsecured notes due 2013 (the "Notes"). The Company increased the size of the offering to $700 million from the previously announced $400 million amount.
The Company intends to use the proceeds of the sale of the Notes to retire debt maturing in 2006.
This offering is made pursuant to the Company's shelf registration statement, which has been declared effective by the Securities and Exchange Commission.
J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, and Banc of America Securities LLC are serving as lead underwriters for the offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus and related prospectus supplement. Copies of such documents may be obtained from J.P. Morgan Securities Inc., 270 Park Avenue, New York, New York 10017.
This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. These and all forward-looking statements (including oral representations) are only predictions or statements of current plans that are constantly under review by the Company. All forward-looking statements may differ from actual results. The foregoing information should be read in conjunction with the Company's filings with the U.S. Securities and Exchange Commission including, but not limited to, reports on Forms 10-K and 10-Q. The Company does not intend to update or revise these forward-looking statements to reflect the occurrence of future events or circumstances.